Boat Insurance

[Woodiewacker82]

Once mandated by law, guess how much boat insurance will cost? A whole lot more than you're paying now. Because you won't have a choice but to pay or don't put your boat on the water. You're an idiot if you don't have insurance, but I don't think those retards in columbia should tell me I have to have it.

This is my stance on it too.

[scatter shot]

Yes, there are optional endorsements available on the boat policy for charters or tournament fishing. Some limitations and eligibility requirements apply

[Mars Bluff]

Boat insurance is a great idea. Should it be mandated by law? Mmm I’m tired of mandates.

[ecu1984]

If someone hits you or one of yours with a boat and you or yours sustain significant property
damage and/or injury........ do you want them to have insurance? I'll hang up and listen
My monthly boat insurance premium is about what a decent lunch costs me

[Mars Bluff]

If someone hits you or one of yours with a boat and you or yours sustain significant property
damage and/or injury........ do you want them to have insurance? I'll hang up and listen
My monthly boat insurance premium is about what a decent lunch costs me

Hell I make a living selling insurance. Fine by me but I’d wager over 70% of boats 50HP and up have insurance. I just don’t see it needs to be law. That’ll lead to losing your drivers license etc for no insurance. I just don’t think uninsured boats are that big of a problem. And based on the number of uninsured vehs I see in wrecks , won’t make a damn bit of difference.

[Bad Habit]

I voluntarly buy my own boat insurance with the higher $500,000 liability limits. To cover me and my passengers from the googans I always purchase the optional Uninsured/Underinsured coverage with the same $500,000 limits so I'll be covered whether the other guy has coverage or not.
Same on all my autos.
Call Bobby White State Farm at 803-569-6100 and we can set you up the same type coverage.
Full disclosure, I am an Account Manager at Bobby's office.

If my boat burns up in Bobby's garage- is it covered by my boat insurance or Bobby's homeowners?
Full disclosure- Bobby is my ins guy

[scatter shot]

Bobby's home insurance, once claims has investigated and determined that coverage would apply, at most would pay up to the policy limit of $500.

Other than that, any additional coverage would be the responsibility of the owner of the boat.

[Tater]

At which time you would need to take Bobby’s negligent butt to civil court.

[scatter shot]

Most homeowner policies will provided limited physical damage coverage for owned watercraft up to $1000. This coverage only applies if the watercraft is located at the residence premises and under cover. ( in a shed or garage for example) Damage to the watercraft while away from the resident premises is not covered.

Regards to the homeowner liability coverage, coverage would extend to watercraft with an outnoard motor up to 25hp while away from the residence premises.

This is one of many examples of coverage that is provided by a homeowner policy. While there are certainly exclusions and limitations the homeowner policy provides solid coverage.

Most of us, as consumers are usually focused on covering our stuff from fire, theft, etc. but as an insurance professional with over 30 years experience I have seen my share of liability claims that would amaze you. Other than total loss fire or storm claims, liability claims are the greatest exposure for large pay outs.
Dog bites, deer hunter accidentally shoots someone, grandapa puts grandson on a treadmill then boy falls and hand gets mangled.....

Yeah, I like insurance. Give me a double dose of good insurance and stick a $1,000,000 Umbrella policy on top please.
And then I hope I never need any of it and still consider it money well spent for the piece of mind that it provides.

[BOGSTER]

Some jackass just hit my sons truck. Suspended license and no insurance. It is foolish to not insure a vehicle.

I know we all hate more government intrusion. Boats over 50 HP can do significant damage to person and property.


Should I support the bill?

. NO!

Once mandated by law, guess how much boat insurance will cost? A whole lot more than you're paying now. Because you won't have a choice but to pay or don't put your boat on the water. You're an idiot if you don't have insurance, but I don't think those retards in columbia should tell me I have to have it.

This!

[BOGSTER]

Hutto should be getting some phone calls this week.

[scatter shot]

At which time you would need to take Bobby’s negligent butt to civil court.

Bobby is lawsuit proof, he has a conservation permit.

[scatter shot]

For the record, I would be against mandatory boat insurance for so many reasons. As mentioned in my earlier post, when eligible and coverage is provided by the homeowner policy, when being detained on the water and proof of insurance is requested by LEO, what's a boater gonna do? Drag out his homeowner policy and show it to the cops?
Voluntary insurance is affordable and readily available. Mandatory boat insurance is a solution to a problem that doesn't exist.

[Woodiewacker82]

For the record, I would be against mandatory boat insurance for so many reasons. As mentioned in my earlier post, when eligible and coverage is provided by the homeowner policy, when being detained on the water and proof of insurance is requested by LEO, what's a boater gonna do? Drag out his homeowner policy and show it to the cops?
Mandatory boat insurance is a solution to a problem that doesn't exist.

We may not agree on grits, but we see eye to eye on this.

[scatter shot]

We may not agree on grits, but we see eye to eye on this.

We cool.

[Bad Habit]

100% agree mandatory will lead to higher rates for everyone.

[scatter shot]

Some jackass just hit my sons truck. Suspended license and no insurance. It is foolish to not insure a vehicle.

I know we all hate more government intrusion. Boats over 50 HP can do significant damage to person and property.


Should I support the bill?

Vote No! My boat policy provides 500k liability if I hurt someone or damage their property.

My policy also provides me 500k of protection if someone with low limits of coverage or no coverage at all were to cause me damage via the Uninsured/Underinsured Boaters coverage.
As consumer we have the option to buy coverage in case another boater runs into us.
A required boat insurance mandate will do nothing but creating another expensive, tedious, government bureaucracy to aggravate the people.
Mandatory boat insurance is a solution to a problem that doesn't exist.
Vote no. Feel free to PM if you have any questions.

[SouthernWake]

Many think of boat insurance in the instance of collision.

More importantly (to me at least), is it covers if someone is to hurt themselves while on my boat. Slip and fall etc.

[DRDUCK]

Anybody that owns anything, house, car, boat etc. should, and I am sure the smart people do, carry alot of liability insurance and some. In this sue happy world we live in you either dumb or stupid not to. But it should not be mandated IMO. Dumb and stupid will always be with us. It's cheap for peace of mind.

[billbuster84]

Yeah, I like insurance. Give me a double dose of good insurance and stick a $1,000,000 Umbrella policy on top please.
And then I hope I never need any of it and still consider it money well spent for the piece of mind that it provides.

This. I have replacement coverage on my boat, for theft, fire, etc, and the smallest liability I can carry on it. But I’m backed with a million dollar umbrella policy. $18/month for the umbrella. Why would you not?


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