Re: [Paddlewise] Boat insurance is expensive in the fine state of Texas, USA ...

From: Will Jennings <will_at_bigwoodenradio.com>
Date: Thu, 03 Oct 2002 20:09:05 -0500
Perhaps this thread is a bit long and scraggly by now...
But I can't think of a more appropriate instance where
"Your Mileage May vary" connects with "Get it in WRITING".

I have a special rider on my homeowner's policy to cover
items I use professionally...computer gear for my writing and
teaching...musical gear for my income as a working musician.
I am covered, partially, by homeowners for any and all of these items under
certain circumstances...but to be sure I am covered for replacement value
under the widest array vs. acceptable risk, I have specific riders and I pay
extra.  I've had to file on stolen laptops, amplifiers destroyed by
airlines, etc. and my riders have been worth every penny.  They are also
part of my tax claim against income.

My kayak and related gear is a significant expense. Even if it depreciates
in 'actual' value, my replacement cost escalates.  My rider covers a wide
array of damage, vandalism and theft. You pays your money, you takes your
chances.  Assume what you want or what your field agent tells you over the
phone if you'd like, but you take your chances there, too.

An alternate practice might be to set aside a like dollar amount that you'd
pay in premiums to a special 'kayak protection & replacement fund"...you're
betting that you'll save as much to replace before an actual theft or
incident occurs, and the money never leaves your access or control.

-Will

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Received on Thu Oct 03 2002 - 18:09:33 PDT

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