Most of the marinas I have looked at so far require an insurance policy for liability up to $300,000 so I just sent this email to my auto insurance company to see what sort of cash I would need to put up for that:
I was just looking for some information.
I have been thinking about purchasing a sailboat and living on it, but
most of the marinas I have been looking at require an insurance
policy for up to $300,000 damage liability. I was wondering what
sort of rates I could expect for such a policy.
I am looking at sailboats, approximately 27-30 feet long, older
models - late seventies to early eighties. Most of these boats have a
purchase price (and I'm assuming a very similar value) of $5,000 or
less.
I have my car insured through xxxxxxxxx*, in the state of California,
and have had the policy for at least 8 years, I believe. Possibly longer.
I would appreciate any and all information you could give me,
thank you.
Eagerly awaiting a response.
*censored my insurance carrier's name.
If they want to pay me to advertise, I
will replace it.
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