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Descant · 01-07-2024, 10:58 PM

ApS

As noted in your post, all speculation. You'd have to read the policy.

In the meantime, it really isn't the Hacker owner's policy that matters. The "guilty" party's liability insurance will be the settling payment. The owner's company may pay, but they will subrogate against the other party. No reason they can't be "generous" if that's the coverage i.e. replacement vs Actual Cash Value.

In most of these posts, I continue to be amazed at the hundreds, if not thousands, of dollars people pay for insurance and there is very little understanding of how insurance and liability really plays out.

Do you really know what you bought for insurance on your boat? Or if you damage somebody else's boat? Maybe you didn't do the damage, but you're the accused party? What does your insurance cover then?

01-07-2024, 10:58 PM	#170
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,051 Thanks: 1,218 Thanked 1,525 Times in 987 Posts	Speculation ApS As noted in your post, all speculation. You'd have to read the policy. In the meantime, it really isn't the Hacker owner's policy that matters. The "guilty" party's liability insurance will be the settling payment. The owner's company may pay, but they will subrogate against the other party. No reason they can't be "generous" if that's the coverage i.e. replacement vs Actual Cash Value. In most of these posts, I continue to be amazed at the hundreds, if not thousands, of dollars people pay for insurance and there is very little understanding of how insurance and liability really plays out. Do you really know what you bought for insurance on your boat? Or if you damage somebody else's boat? Maybe you didn't do the damage, but you're the accused party? What does your insurance cover then?