Twins VS Single Debate

[Abrasion]

Originally Posted by Capt. Frank

What happens is you pay the tow company and the insurance co re-imburses you. With Progressive you pay nothing.

That is a marine policy? Most do not understand homeowner add ons do no cover salvages, replacement, spills. Many do NOT know that.

Markel is a boat policy. I am far more scared of an oil spill liability than I am paying an extra grand for a longer tow. I literally spent 30 minutes trying to explain to the Progessive rep that Oil Spill Liabilityis capped by Uncle Sam at $854,400 and that I wanted coverage up to that limit. It wasnt available.

Think about the costs of the following scenario, Something happens, I hit a boat with my boat, and we both sink. He happens to be driving a brand new CC with trip 300s on it. Ive basically eaten through my 300k limit on just the boat I hit. Then the coast guard shows up and we start leaking hundreds of gallons of gas into Raritan Bay. The Coast Guard drops booms and then will send me a bill. And it will be a six figure bill. Since I have no more insurance available, im even responsible for the salvage operation to raise the boats out of pocket. Im broke and screwed for life with Uncle Sam garnishing my wages.
That is why Progressive cant be my insurer.

[Capt. Debbie]

Problem I was getting to is most boater get an add on to the homeowner policy cover boat value. Problem is, aside for outright theft you are in a hole. A friend has his boat wrecked on trailer with Sandy. Insurance paid boat value- $13,000. The Marine wanted $9800 for its retrieval costs. And another $1000 for disposal. Many do not know it. Sure its better than nothing. But you will not be happy with the ending in many cases.

After you get done, you're buying nothing.

Trailer guys are much much lower risk. The boat is only in the water 10 or so times a year with someone always on board. Compare to a moored boat in water 180 days a year, with 170 days no one is within miles of it.

The spill liability has a lot to do with how much oil is spilled. How many barrels? A gallon or two if any oil leaked? Realistically $800,000 to recover that & fine. And I've done a couple of dozen salvages. 26 feet an under float. And will float for days bow and keel to the skies. Aside from west bumf*ck there will be multiple tow boats on scene while you're there who will be fighting for salvage rights. $100-200 per foot to bill your insurer.

Caution is good. But there comes a point.

Originally Posted by Abrasion

Markel is a boat policy. I am far more scared of an oil spill liability than I am paying an extra grand for a longer tow. I literally spent 30 minutes trying to explain to the Progessive rep that Oil Spill Liabilityis capped by Uncle Sam at $854,400 and that I wanted coverage up to that limit. It wasnt available.

Think about the costs of the following scenario, Something happens, I hit a boat with my boat, and we both sink. He happens to be driving a brand new CC with trip 300s on it. Ive basically eaten through my 300k limit on just the boat I hit. Then the coast guard shows up and we start leaking hundreds of gallons of gas into Raritan Bay. The Coast Guard drops booms and then will send me a bill. And it will be a six figure bill. Since I have no more insurance available, im even responsible for the salvage operation to raise the boats out of pocket. Im broke and screwed for life with Uncle Sam garnishing my wages.
That is why Progressive cant be my insurer.

[Abrasion]

Capt Frank- PM me your contact number please. I'd like to have it onboard in case something goes south. Ill have a new motor in the spring, but you know that's when they blow up in the first 10 hours.