Insurance - Liability only?
 

Renewal just came up for my 25-year-old 36 foot Cigarette. As I suspected would happen this year, the rate doubled to about $2600 annually plus a new survey. There are so many deductibles and limitations on the policy I doubt I would ever collect a dime unless the whole thing disappeared.

Has anyone successfully gotten liability-only insurance? Where might I find it for sale?

This will be a interesting one. I have tried to find this myself as I feel the same way about it as you do. There is no way we will collect what the boats are worth unless there is a total loss even then it will be less then the value more then likely.

Jon

there has to be a way to create a self insured group
where a large number of performance boaters
participate in, the money is invested to create a superfund and managed very carefully.
And with just enough overhead to keep a 2-3 person
team to handle the claims.

I posted this question a few weeks ago and have searched. So far no luck on just liability.

Sandahl and Audiofn - try progressive. I run liab. only on my old cig.

I posted on mr-v's thread and I think he checked with them and it wasn't available in NJ??

Good Luck

Progressive is not available in NJ.

how about a liability only rider, not attached to a particular vehicle or property. I think they start at a million dollar coverage and are on top of your liability on your home owners. Any insurance agents here have any comments on this as an option?

I'll have to check this again. I did about 5 years ago but they wouldn't cover my Velocity, they would however cover my Whaler.

Liability only: Good move if you can carry the risk. If you finance the boat, the lender probably wants comprehensive. I found Progressive to be the only one that offers liability only. As a matter of fact, they offer a a la cart system, where you can pick & choose. Overall, they are prettyy expensive, though.