Insurance questions? - Kayak Fishing Adventures on Big Water’s Edge

StinkyMatt · 12-21-2012, 09:01 AM

Trying to figure this out....

So a year from now your yak sinks or is stolen......

You have paid a 1000 deductible, 260 in premiums

You boat is no longer new so it's replacement value has dropped significantly.

You can sometimes find a used Pa for way below 2000.

So you are really insuring a value of about 700 dollars for 260 a year.

What are the odds of your Pa being "lost"?

If you end up making a claim two years from now, the numbers make even less sense.

Just trying to figure it out for myself.

Baja_Traveler · 12-21-2012, 02:35 PM

I've been going through the same thought process, and figure it just is not worth it. Realistically the only thing I would be insuring against is theft, but my PA is cable locked while on the truck, and behind a locked garage door at home. I did have my HDS chartplotter insured though, its much more likely that someone could grab that and run...

12-21-2012, 09:01 AM	#1
StinkyMatt Senior Member Join Date: Jun 2010 Location: Under a bridge Posts: 2,169	Trying to figure this out.... So a year from now your yak sinks or is stolen...... You have paid a 1000 deductible, 260 in premiums You boat is no longer new so it's replacement value has dropped significantly. You can sometimes find a used Pa for way below 2000. So you are really insuring a value of about 700 dollars for 260 a year. What are the odds of your Pa being "lost"? If you end up making a claim two years from now, the numbers make even less sense. Just trying to figure it out for myself.

12-21-2012, 02:35 PM	#2
Baja_Traveler Senior Member Join Date: Nov 2005 Location: Table 17, Bay Park Fish Co. Posts: 943	I've been going through the same thought process, and figure it just is not worth it. Realistically the only thing I would be insuring against is theft, but my PA is cable locked while on the truck, and behind a locked garage door at home. I did have my HDS chartplotter insured though, its much more likely that someone could grab that and run...