Minutiae

Today was fairly calm compared to the realization yesterday that we just might be purchasing this thing after all.

In between trying to get some actual work done, I spent most of my “boat time” on the phone or trading mails with our broker and the attorney.

Had to get a revised Final Acceptance letter prepared that passed muster with the attorney and then get it up to Virginia to the seller.

This wouldn’t normally be much of an issue, but it was just about the time that we were finalizing the details that our internet service decided to crap out.

No internet = no email.
No email = no delivery of acceptance letter to seller.
No delivery of acceptance letter could = seller saying “bye bye”

So, after creating a few new pejoratives to cast in the direction of Not-So Bright House, I fell back to that stone age relic, the fax machine. Imagine my surprise to discover that a fax can be delivered and received almost as fast as an email. Who knew?

That detail covered, we moved on to insurance. Pull out the trusty Excel spreadsheet and enter all of the coverage categories from each of the seven quotes, then enter the coverage costs for each, tabulate totals and cross tabulate to account for differences in quoted coverage limits.

Result………confusion.

You’d think, that when you call several insurance companies and you say to each of them the exact same thing, such as “I want a bazillion dollars worth of coverage on my boat…how much will it cost?”, that they’d each give you a cost for the aforesaid bazillion dollars worth of coverage, right? Wrong.

The insurance companies all have a coverage computation algorithm that they use to develop their quotes. It seems to take into account the phase of the moon, the cube root of the company’s street address and the number of letters in your mother’s maiden name, all raised to a random number power.

And that’s the number they quote.

And then there are the exclusions…don’t even get me started on the exclusions.

OK, you got me started…do you know, there are companies that sell boat insurance, and in their policy, right out there where anyone can read it, it says that if the boat is damaged in a marina, it isn’t covered. Well DUHH. Let’s see, you have a big pond, and a whole bunch of boats milling around in close quarters, most being driven by people who are either legally inebriated or legally stupid, and yet you want to say “Not covered” if a couple of them bang into each other? I thought that’s what insurance is for!

And the deductibles…OMG the deductibles. Many of them are based on schedules. The schedule says something like:
Age 1 year – Deductible amount 5% of value – We send you 95% of value
Age 2 years – Deductible amount 55% of value – We send you 45% of value
Age 3 years – Deductible amount 95% of value – We send you 5% of value
Age 4 years – You send us money

Anyway, you get the idea. The deductible schedule is not your friend.

Tomorrow we’ll have some quotes from boat yards to look at, and maybe be able to figure out where to get the work done before we start our southward migration.

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About TwoCaptains

The TwoCaptains are Jim and Janet, both US Coast Guard licensed boat captains home-ported in Daytona Beach. We recently sold our 1990 Ocean Yachts 56' CPMY "Magic Carpet", and now we're in the hunt for a replacement.
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