AusCan
Guru
- Joined
- Jul 15, 2012
- Messages
- 3,219
- Location
- Australia
- Vessel Name
- Kokanee
- Vessel Make
- Cuddles 30 Pilot House Motor Sailer
We don't have a choice regarding tow insurance, as there is nothing offered in this part of the world. .Regardless - I'm in the self-insure camp anyway. I'd rather put away that insurance money for when the rainy day occurs.
I do the same with life insurance, car insurance, and some forms of health insurance. Insuring for the big ticket costs such as public liability, heart surgery etc make sense to me, but I wouldn't get any warm and fuzzy feeling knowing that I'd save tow costs if my boat failed me. I try to get that secure feeling by knowing my boat systems well, keeping the critical spare parts and tools on hand, and being self sustained as much as possible.
I do the same with life insurance, car insurance, and some forms of health insurance. Insuring for the big ticket costs such as public liability, heart surgery etc make sense to me, but I wouldn't get any warm and fuzzy feeling knowing that I'd save tow costs if my boat failed me. I try to get that secure feeling by knowing my boat systems well, keeping the critical spare parts and tools on hand, and being self sustained as much as possible.