Insurance

[slowroll]

When you have the dream of living aboad, you must prepare for the delima of insurance. If you have only 365 days of experience, not owned or docked a boat of the size required to live aboard, you may have difficulty in getting insurance. Although many states don't require insurance; but many marinas do. If you own a land based property you can use home owners to cover boat so you can ease transition. I didn't and now insurance is a major obsticule inthe dream.

[Hudson Force]

Originally Posted by slowroll

.............. Although many states don't require insurance; but many marinas do...............

It may be important to note that the insurance required by marinas is almost always liability. As, with a Florida registered boat, I'm asked to pay 8% of my hull value per year for full hull coverage, I purchase liability only and I've saved half the value of my boat to date. Judgements must be made and risk must be managed. 'take care and joy, aythya crew

[osirissail]

And that's just boat/hull/liability insurance - how about medical insurance? Your home country medical insurance is not likely to be recognized in another country.

[babykinz]

I can use my home owners insurance to cover my boat?

I have a house in Oklahoma we pay insurance and insurance for the boat thru BoatUS...but it doesnt really cover our personal items, was also thinking about getting renters insurance ( since we rent a slip ).. BUT now I will look into my home owners insurance as well,.....interesting.

[osirissail]

There are major USA insurance companies that handle multiple lines of coverage including home owners; liabillity; motor vehicle; and recreational vehicles (which includes boats). If you have your home owners coverage with such a company you can normally get a very good rate on boat insurance. Normally the boat insurance coverage is only for USA coastal waters and the Bahamas. Also the coverage is usually only up to $100K on hull coverage. These insurance companies sometimes act as brokers for boat insurance from other sources for more expensive boats.
- - If you want/need coverage outside these limits then you deal with international maritime insurance companies that sell their insurance through brokers/agents such as I.M.I.S. or Blue Water or dozens of other brokers/agents.