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July 01, 2007

When buying insurance, don't miss the boat

There's an old saying, "insurance is a waste of money until you suffer a loss." If you're buying a boat and think insurance isn't necessary, consider the consequences. The purpose of insurance is to shift the financial risk from the boater to the insurance company. For that reason alone, insurance is always a good idea, for just about any size boat, from a canoe to a cabin cruiser. Insurance not

From When buying insurance, don't miss the boat

Posted by Jim at July 1, 2007 03:14 PM