Flood insurance on a boat.
#1
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Flood insurance on a boat.
Dear boating collective,
Seems like a dumb question, but has any one ever had a boat insurance which required a "Flood Insurance" adder for the policy ?
Seems crazy, I know, but some one I work with is looking a boat loan and ran into this as a requirement for thier boat loan.
Any thoughts?
Uncle Ernie
Seems like a dumb question, but has any one ever had a boat insurance which required a "Flood Insurance" adder for the policy ?
Seems crazy, I know, but some one I work with is looking a boat loan and ran into this as a requirement for thier boat loan.
Any thoughts?
Uncle Ernie
#2
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Dear boating collective,
Seems like a dumb question, but has any one ever had a boat insurance which required a "Flood Insurance" adder for the policy ?
Seems crazy, I know, but some one I work with is looking a boat loan and ran into this as a requirement for thier boat loan.
Any thoughts?
Uncle Ernie
Seems like a dumb question, but has any one ever had a boat insurance which required a "Flood Insurance" adder for the policy ?
Seems crazy, I know, but some one I work with is looking a boat loan and ran into this as a requirement for thier boat loan.
Any thoughts?
Uncle Ernie
Wouldn't it make sense that if a flood came, the boat would float and thus do as intended. What kind of moron boat loan company is he using.
#4
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The boat won't float (and/or it will get beat up) if it's in a covered boat slip and the water rises high enough for the boat to get sandwiched between the water and the structure.
I usually try to remove the boat from the slip before a storm, but if I can't get it out for some reason, then it's at risk.
I usually try to remove the boat from the slip before a storm, but if I can't get it out for some reason, then it's at risk.
Last edited by Dueclaws; 04-10-2007 at 12:41 PM.
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