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Insurance - Liability only?

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Old 08-08-2003, 01:39 AM
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Default 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?
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Old 08-08-2003, 08:22 AM
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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.

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Old 08-08-2003, 08:38 AM
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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.
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Old 08-08-2003, 08:40 AM
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I posted this question a few weeks ago and have searched. So far no luck on just liability.
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Old 08-08-2003, 08:46 AM
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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
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Old 08-08-2003, 08:51 AM
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Progressive is not available in NJ.
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Old 08-08-2003, 08:55 AM
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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?
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Old 08-08-2003, 09:00 AM
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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.
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Old 08-08-2003, 09:16 AM
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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.
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