Quote:
Originally Posted by Jersey Guy
ISeparately, it might be interesting to have an anonymous poll to ask who does and who doesn't have boat insurance. On second thought, however, maybe I don't want to know the answer to that poll!
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Although as far as I know insurance is not required in NH, I can't imagine insurance is not required if you happen to have a loan out on a boat. How many boats are owned outright versus by the bank would be an interesting stat too. On any given day in the summer, just walking up and down the docks, there is some serious money folks have tied up in their boats. Makes my 19 foot bowrider look tiny in comparison.... then again don't laugh to hard it's paid for!
Considering the annual cost of insurance, it's a drop in the bucket for the piece of mind that you're covered should something bad happen.