Insurance Wanted!

[BandB]

i think you may have misunderstood my situation. i'm not having this trouble myself. i had insurance in place for my recent purchase prior to finalizing the payment to the previous owner. i wouldn't put myself in the position of having all that money spent without a good plan in place. i was only commenting on that situation as i didn't realize that requirement was in place at the state licensing level. it could be a big surprise to someone who hasn't done their homework though. i've been boating all my life, and owned boats in washington state for 30 plus years, and this requirement was news to me. didn't have an impact on my purchase as i considered insurance a necessity before taking possession.

Yes, I misunderstood but my advice for they hypothetical would be the same. For someone who arranged insurance prior to closing a purchase, the new regulation isn't an issue. For someone who didn't plan to insure, it's effective.

 

[Bmarler]

Yes, I misunderstood but my advice for they hypothetical would be the same. For someone who arranged insurance prior to closing a purchase, the new regulation isn't an issue. For someone who didn't plan to insure, it's effective.

completely agree. i just thought it was a topic worth bringing up. there's a lot of people browsing this forum looking for information, this topic may be useful to them.
the new rule was a surprise to me, and i've been boating for a long time. for someone new to the lifestyle, it's an important thing to know.
there are a lot of really great boats over 40 years old, and a lot of us (myself included) can't afford a newer vessel of the same size and quality. i just don't exactly like the way the rules are making it harder to own older vessels. god help you if you're looking at an older wood boat.

 

[Bryant]

Insurance

They are a difficult risk due to no large boat experience plus leaving boat unattended for long periods of time. So, when you get this message regarding insurance, what do you do? We plan to have a captain until we are proficient, and we plan to store the boat at River Forest in LaBelle or Stewart, FL.

What size boat? What model? What is your experience? Largest boat owned? Where will you use it? Where will it be berthed? Lots more info needed.