Boat insurance questions

[Tips Up]

So lets say your boat is only worth about 10K and insurance is $650 per year.
If you are OK with rolling the dice on the loss of boat and don't want to insure it, can you purchase insurance just to cover people on board and damage you may be at fault for for damaging another boat?
Or is that going to cost just as much?

I am sure there are lots of uninsured boats out there. What liability risk are they taking?

 

[scott craven]

Yes, I have a liability only adder on my home policy

 

[Aces]

Heck, i pay $611 with a value of 40K and 2M liability thru Dolphin

 

[seabeyond]

Heck, i pay $611 with a value of 40K and 2M liability thru Dolphin

That's your post guide career rate right?

 

[Aces]

That's your post guide career rate right?

I believe the length of my career was factored into the formula but a good survey by Don Kimura, no claims in almost 30 years and a value of 40k helped