In 2006 after all the high hurricane activity my insurance was canceled, they weren’t writing Florida anymore. Got quotes of $7K for $35K coverage! Big ole WTF. Someone said self insure, you can afford to fix it up again (the 34) if something happens. So I haven’t had any insurance on the boat for 16 years or so. We protect the boats in storm situations. Wonder how much I saved over the years. The knee jerk 7K quote I’m sure went much lower after a couple years. But at 2K a year at least 32K plus. And that was for near zero coverage.
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Re: Florida insurance cost breakdown?
1966 34c
1982 46 HP
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05-04-2023 09:00 AM #22Senior Member
- Join Date
- Jun 2012
- Posts
- 518
Re: Florida insurance cost breakdown?
A friend here in Miami pays over $40,000 for a boat that is valued at 1.5 to 2 million. He sold it last week. I’m sure he could easily afford the cost , but even the wealthy hate to be gouged.
JMooney
61 MY 1983 #341
“Jerrie”
Miami , FL
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05-21-2023 01:53 PM #23
Re: Florida insurance cost breakdown?
"A smooth sea never made a skillful sailor"
Rob Waldrop
M/V Pau Hana
Ft Myers FL