[Sonar] Insurance?

[tbrown9163 at comcast.net]

Ken: 

For the hull insurance, I pay about $100 a year for 8K of coverage. 

"Maximizing Business by Minimizing Surprises" 
~~~~~~~_/) ~ _/)~~~~~~~~~~_/)~~~~~~~~~~~~~~ 
Thomas Brown 

----- Original Message ----- 
From: "Ernest Brody" <epbrody at earthlink.net> 
To: "Ken Stieers" <kstieers@ yahoo .com>, sonar at lists.wyc.org 
Sent: Friday, July 16, 2010 10:21:11 PM 
Subject: Re: [Sonar] Insurance? 




Ken 



Your homeowners (and probably renters) insurance covers your liability (boats under 26 ft and less than 10 hp). Usually if you give someone permission to use your boat they can do it but it is still your liability. You need to let the insurance know that you will be racing and if they won’t cover you then change insurance because there are those who will. Homeowners usually covers the motor because it is personal property. 



The club requires liability insurance and I don’t remember the minimum number. You probably have it already. It is with your homeowners insurance. It is if you damage someone else. Check with Wayne because it is not on the on-line form. 



The thing you really want is hull insurance. This is insurance that covers you if there is damage and it is not someone else’s fault. This would be a mast breaking or a collision with repair on your boat but you were on port or the boat simply sinks. That is a separate policy and should be available through your insurance broker. Get coverage for racing with spinnakers. Shop around. Some are less concerned than others. Always buy insurance from someone who doesn’t know about sailboats so you can tell them what they need (you want them) to know. They will probably cover the motor but you may have double coverage. 



Pay attention to the navigation season which around here is May 1 to Oct 31. If you can get better than that, consider whether you’ll use it. 



Ernest 





From: sonar-bounces at lists.wyc.org [mailto:sonar-bounces at lists.wyc.org] On Behalf Of Ken Stieers 
Sent: Friday, July 16, 2010 5:09 PM 
To: sonar at lists.wyc.org 
Subject: [Sonar] Insurance? 





Hey all, 





So, for those that didn't hear the details of Tom's announcement, I'm the new Sonar owner, #137, though I don't have any sails with that number (long story...) 





I have some questions about insurance, since when I called my agent and mentioned racing and the possiblity that others might drive the boat they got all squirrely... 





SO: 


What's required by the club? 


Who carries the right coverage(s)? 


Beyond the bare minimums like personal liability and property damage, what's worth getting and what's not? 





Thanks for any advice you can give! 





Ken 


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