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Re: Buying down bareboat deductible?
[Re: StormJib]
#125393
03/27/2017 11:21 PM
03/27/2017 11:21 PM
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Joined: Jul 2004
Posts: 414 Memphis, TN
beerMe
Traveler
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Traveler
Joined: Jul 2004
Posts: 414
Memphis, TN
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Putting down a refundable 6k is a great deal when you consider the value of the boat. Paying 500 to save 4500 in the unlikely event is as stormjib says a profit center. Used properly, the only purpose of insurance is to protect you from catastrophic losses. If $4500 is catastrophic to you you can't afford to be taking sailing vacations in the Carib.
Life involves risks, take some prudent ones (NOT with the BVI ferries)!
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