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From: Hal Levine <hlevin_at_jlc.net>
subject: [Paddlewise] Insurance for my/your kayaks
Date: Thu, 12 Feb 1998 16:09:20 -0800
It is the time of year when I renew my home and car insurance and
thought to ask the question "are my kayaks insured?".  What I found out
was distressing but there was a solution.  I have been carrying 2 kevlar
kayaks and found that I was not really covered for damage or theft.  I
started worring about low bridges, rouge waves, shark attacks, falling
trees and low-life kayak thieves.  I was only partially covered by my
homeowners and that policy would not even cover the loss of one of my
boats.

 I am taking the liberty to let you all know what I learned.
1.  Automobile insurance does not typically cover kayaks and
accessories.
2.  My homeowners policy has a $2000.00 limit for boats and accessoried.
This is typical and some policies only have a $1000.00 limit.
3.  I was able to get a separate boat owners policy through my carrier
(Allstate) that would cover both boats for $2500 each plus $500 each for
accessories (graphite paddle, pfd, spray skirt, sponsons?, etc.)  This
policy is relatively inexpensive...~$50/year for both boats.
4.  If you are not a homeowner you can get a renters policy that will
have some coverage for your boat and accessories.
I am not an insurance agent (thank god!) so don't take above information
as gospel.  Call your agent! Protect your toys!!!!!


    Hal 

    Wilton, NH

    Power your boat with carbohydrates,
    not hydrocarbons.
         
          http://www.jlc.net/~hlevin


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From: Richard Culpeper <cul258_at_lawlab.law.uwo.ca>
subject: Re: [Paddlewise] Insurance for my/your kayaks
Date: Thu, 12 Feb 1998 15:51:11 -0500
The underlying problem is that insurers usually lump canoes and kayaks
in with powerboats.  Thus you usually will find riders costing about $50
per canoe.  What is even more scary is that the deductibles can also get
very high.  Companies vary.  I just switched my homeowners to another
insurer because they tried to raise my deductible to about $500 per boat
(cumulative!!!), when previously it had been $0.  Arguing that I had
never made any claims, and that the canoes and kayaks were always stored
inside a locked building did not do any good.  They just kept repeating
that they had been having problems with too many MOTORS and JETSKIS
being stolen.  _at_#$%_at_#!!!!!

Richard Culpeper
www.geocities.com/~culpeper


Hal Levine wrote:

> It is the time of year when I renew my home and car insurance and
> thought to ask the question "are my kayaks insured?".  What I found
> out
> was distressing but there was a solution.  I have been carrying 2
> kevlar
> kayaks and found that I was not really covered for damage or theft.  I
>
> started worring about low bridges, rouge waves, shark attacks, falling
>
> trees and low-life kayak thieves.  I was only partially covered by my
> homeowners and that policy would not even cover the loss of one of my
> boats.
>
>  I am taking the liberty to let you all know what I learned.
> 1.  Automobile insurance does not typically cover kayaks and
> accessories.
> 2.  My homeowners policy has a $2000.00 limit for boats and
> accessoried.
> This is typical and some policies only have a $1000.00 limit.
> 3.  I was able to get a separate boat owners policy through my carrier
>
> (Allstate) that would cover both boats for $2500 each plus $500 each
> for
> accessories (graphite paddle, pfd, spray skirt, sponsons?, etc.)  This
>
> policy is relatively inexpensive...~$50/year for both boats.
> 4.  If you are not a homeowner you can get a renters policy that will
> have some coverage for your boat and accessories.
> I am not an insurance agent (thank god!) so don't take above
> information
> as gospel.  Call your agent! Protect your toys!!!!!
>
>     Hal
>
>     Wilton, NH
>
>     Power your boat with carbohydrates,
>     not hydrocarbons.
>
>           http://www.jlc.net/~hlevin
>
>                 0
>                  \_O
>      \============\==============/
> ^^^^^^^^^^^^^^^^^^ \^^^^^^^^^^^^^^^^^
>                     0
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