I'm not overly surprised at this. In some ways I support it. I've seen some obnoxious, if not outright dangerous, situations caused by operators of larger powerboats. Perhaps handing the keys to a 40+ foot express cruiser to a newbie isn't exactly a bright idea.
Although I don't hold a master's license, my insurance company liked the fact that I was a certified Officer of the Deck Underway Fleet Steaming on a 384 foot, 2800 ton US Navy ship. They give me a discount for that. -- Dennis C. Touche' 35-1 #83 Mandeville, LA On Mon, Jul 17, 2023 at 9:06 PM Martin DeYoung <martin.deyo...@outlook.com> wrote: > When we purchased our 1956 Matthews 42 with twin 454 gas V8 engines we had > difficulty obtaining insurance at any cost. After a haul-out survey, drawn > fasteners, and certifying the survey findings we got to my qualifications > to own and operate the vessel. > > The insurance company that was most promising asked about my ownership and > experience operating/navigating similar size vessels. They also asked about > what training/education related to boat operation I had competed. > > Fortunately, I had all those bases covered and we were able to bind > coverage. The cost is 4X what we pay for Calypso. We were expecting 3X, > hoping for 2X. > > I expect newbies, possibly during COVID buying more boat than they could > handle along with high payouts from storm damage is driving insurance > companies out of the market. > > >
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