Its been very mildly discussed in a few topics, but looking for more. Maybe a sticky so those looking can find info pertaining only to boat insurance. With that said, heres a few questions:
Is boat insurance manadatory?
Is your home/vehicle insurance provider as knowledgeable about boat insurance, as a marine insurance company?
Are there any insurance guys here? Would be nice to support fellow members.
What is the "standard" insurance policy?
Does boat insurance rate on boat length, year, style, or?
Does insurance cover accidents like lower unit replacement, holes in hull, cracked/torn transom, damage done while NOT on the water?
Are aftermarket/added upgrades "including fishing tackle" covered due to accident, theft, etc.?
The "Named Storm Exclusion" add on meaning if your boat is damaged by a storm they attached a name to, then your SOL. Are there ways around this?
On a total loss, what constitutes a "Full Recovery" payout on the boat/items?
This should get it started. Please feel free to chime in with personal experiences, and if you sell marine insurance, please speak up, as im sure some, including myself are looking for a better policy.