Re: Insurance Coverage
Quick lesson most may know some may not:
Two types of insurance.
1. Liability. I reccomend this for ANY boat owner as this protects you from lawsuits if anyone gets hurt on your boat as well as if you hurt anyone with the vessel. It's a must. You don't want to loose your house due to an unfortunate accident.
2. Propert coverage. This covers your personal property (boat, motor, personal property). This coverage is more of an option (unless you have a loan on the vessel, if that's the case the lender may require you carry this coverage).
If you have an umbrella policy you want to make sure you carry enough liability to satisfy any underlying limit requirements. Once again, God forbid there is an accident, you WILL be sued. Don't loose your home over it!!!!!
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Captain Shrimpy
100 ton master captain
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