Mistake @ 6:02 - I meant to say that you should expect to spend about 10% of the boat's value annually for basic upkeep. We pay somewhere around 1.3% of our boat's value for insurance! We hope you find this video helpful. If you'd like us to go in depth on any topic let us know - we'd love to hear from you! :)
Love what you're doing! Hope to be out on the ocean repping Utah one day too. West Coast Multihulls in San Diego do ASA instruction and charters in California and Mexico, highly recommend.
Certainly! It's incredible how accessible boating is. For someone like me from Utah, it seemed impossible, but now in the sailing world, I see how simple it really is.
10% of value?! That’s outrageous, essentially they are hedging that you will total your boat within a decade? Do you know how those rates would compare for buyers with more offshore and passage making experience?
@@jaysonbowerman115 😂 You're absolutely right, we pay around 1.3% of our boat's value. I meant to say that you should expect to spend about 10% of the boat's value annually for basic upkeep. My mistake!
@@flandersfamilytoday- Hahaa! Yeah, that’s way more in-line with everything I’ve heard from other sources. It’ll be an interesting question how much rates will go up after this season though….at what point will it become almost impossible to insure a home in Florida?
Mistake @ 6:02 - I meant to say that you should expect to spend about 10% of the boat's value annually for basic upkeep. We pay somewhere around 1.3% of our boat's value for insurance!
We hope you find this video helpful. If you'd like us to go in depth on any topic let us know - we'd love to hear from you! :)
Great tips for anyone looking to get into sailing or cruising! Happy sailing guys!
Thanks so much!😊
Great video with great info. You are the best!
Your to kind! Thanks for hanging out with us.
Love what you're doing! Hope to be out on the ocean repping Utah one day too. West Coast Multihulls in San Diego do ASA instruction and charters in California and Mexico, highly recommend.
Thanks for the recommendation and thanks for watching! 😄
Spinsheet used to do a crew list for people available to crew. Racing is a great way to start.
Certainly! It's incredible how accessible boating is. For someone like me from Utah, it seemed impossible, but now in the sailing world, I see how simple it really is.
Annual insurance is 10 % of the boat value? Also 100k on a million dollar boat?
10% of value?! That’s outrageous, essentially they are hedging that you will total your boat within a decade?
Do you know how those rates would compare for buyers with more offshore and passage making experience?
@@jaysonbowerman115
😂 You're absolutely right, we pay around 1.3% of our boat's value. I meant to say that you should expect to spend about 10% of the boat's value annually for basic upkeep. My mistake!
@@flandersfamilytoday- Hahaa! Yeah, that’s way more in-line with everything I’ve heard from other sources.
It’ll be an interesting question how much rates will go up after this season though….at what point will it become almost impossible to insure a home in Florida?
Always nice to see your videos. I hope we meet again soon on the water. We will be going to Panama.
@@jaysonbowerman115 mine went up from about 22,000 to 30,000. We renew here in a couple of weeks.