[Paddlewise] Re[2]: Insurance

From: <Jack_Martin_at_jtif.webfld.navy.mil>
Date: Mon, 13 Apr 1998 10:28:49 -0500
     Following up on Hal Levine's response to George Bergeron, in which Hal 
     said --- 
     
    I just checked out my insurance coverage for my kayaks. What I found was 
    very interesting.  It seems that boats carried on the roof are NOT covered 
    by auto insurance.  They are covered by homeowners or renters insurance.  My 
    company covers only up to $1000 total.  Since we often carry two kevlar 
    boats and the associated gear my potential for loss was much greater.  I was 
    able to get a boat owners policy that gave me full coverage on boats and 
    equipment for less than $75.  
    
     
     Did the same with my carrier, United Service Automobile Association 
     (USAA).  Came up with similar and some dissimilar information --- 
     
       - my homeowner's policy covers the kayak for up to $1000 from fire 
     and similar damage or loss <while it's in the house>
     
       - and from wind and hail damage <while it's in a building or secured 
     area>.
     
     But nothing while I'm out paddling or on a trip.
     
     USAA provides a broad spectrum of coverage, and, while the kayak's on 
     my car, the "third party" damage clause for the auto insurance 
     provides me liability insurance --- e.g., the boat flies off the rack 
     and through somone's windscreen --- at my elected level of liability 
     coverage for the car.  If it simply comes apart on the pavement, it's 
     my problem, but, thinking about the image of a 65 mph airborne VCP 
     Pintail on a crowded Interstate, that liability coverage becomes 
     pretty significant!
     
     USAA <can> sell me boatowner's insurance, but they have to be able to 
     determine the value of the boat, and that's where it gets interesting. 
     They use two sources for evaluation --- something called the "Buck 
     Book" and another called ABOS --- and VCP boats are (I guess, not 
     surprisingly) conspicuous by their absence from these source books.
     
     So, two questions.  For Hal: would you mind sharing the source for 
     your $75 quote?  And, generally, does anyone know of a good, generally 
     accepted source for evaluating a used kayak --- and, more 
     specifically, I guess, for used Brit-boats, if there's a difference?
     
     This is an excellent and timely thread --- thanks to those who started 
     it!
     
     Jack "Joq" Martin
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Received on Mon Apr 13 1998 - 07:30:56 PDT

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