Re: [Paddlewise] Boat Insurance (was Theft, etc.)

Gypsykayak_at_aol.com wrote:
> 
> In a message dated 06/19/2000 3:15:42 PM Eastern Daylight Time,
> wagen_at_u.washington.edu writes:
> 
> << I insure my glass boat for $35/year, about 1.2 percent of
>  the replacement cost. >>
> 
> Good idea.  Do they give deep discounts to multiple boat owners: one owner -
> several boats?  :)

Data point for all:  my homeowner's insurance policy allowed me to tack on
"boat coverage" for three kayaks (new value about US$2000 each; includes a
chunk of additional coverage for unscheduled accessories:  paddles, etc.) for
theft, fire, liability, etc., for only $45/year.

Caveat:  read the fine print.  My rider stipulates:

1.  US$250 deductible

2. Limited to the geographical US (NOT covered in Alaska or Hawaii), and Canada
**within 100 miles of the WA state border.**  [Includes territorial waters up
to 15 miles offshore.]

3. Limited to ACV **at time of loss,** meaning the depreciated value of the
boat/gear, etc., or the cost to repair.  Says they will repair plywood,
plastic, fiberglass, and molded hull boats, according to accepted industry
standards, if damaged.

4. They also pay reasonable costs incurred for steps taken to protect the boat
from further loss in the event of a collision (etc.).

YMMV

-- 
Dave Kruger
Astoria, OR

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