Make sure you market it, annually if necessary
I presume you're asking your agent annually to bid with several carriers and ensure that you're getting a good price. Every property and casualty carrier has raised rates dramatically in the wake of 9/11 and hurricanes and although none will be necessarily aggressive or competitive with their price, some will raise rates more dramatically than others. Basically, you just want to make sure you're not the one carrying the financial burden for the carrier. If you purchase your own insurance directly, then grab the yellow pages and start looking for quotes on marine insurance. At worst, you'll find out that you're paying a good price; at best, you'll find better coverage elsewhere. $300K is not unreasonable for liability coverage. Relative to your house? Must be a big boat or a small house. Good luck.
