Has anyone purchased boat/motor insurance? If so, from whom and what was the cost? Also what type of damages does it cover. Thanks.
I have my 16' vee hull with a 40 hp tiller on with my homeowners policy. The policy is similar to auto with collision (all peril), comp and liability. It is also further covered with the homeowners million dollar liability umbrella policy. Value of the boat New in 1991 was $8,800.00. Add on cost has been $100.00 yearly ever since. I also have a 14' jon boat that has the same coverage and that is $50.00 a year. Each has a small deductible.