Oldest Boat to Buy

[dlochner]

Not to be stickler... but something isn't right with this. $100/$1000 would make the insurance $10k for the $100k boat... somewhere you are missing a 0.

$10k/$100k or $1k/$10,000 may be true for some insurance, but honestly I'm paying closer to $100/$5,000 for my agreed value policy (I think even better, but don't have the bill by me right now... maybe I'm in boat denial!)

Good catch. Some high risk areas, like hurricane prone states, might be higher, however my experience is AHV insurance runs between 1% and 2% of the hull value. My insurance is about 1.5%.

 

[FastOlson]

Not to be stickler... but something isn't right with this. $100/$1000 would make the insurance $10k for the $100k boat... somewhere you are missing a 0.

Oh My. I will have another look at that. Actually it's over $1400.annual premium for a boat value of 150K.
(Need to revisit that post!)
I was indeed missing a zero, and the "edit" function has expired......