FYI....boat ins was extremely expensive 10 yrs ago
IIRC I paid about $500 a year for insuring an older 25' Chris Craft cruiser at the narrows in Orillia. We got out about then but I was been thinking of getting back in. As far as insurance goes I thought some house policies covered small fishing boats with modest power, possibly 25 HP.
We got out about then but I was been thinking of getting back in. However there are a number of reasons i don't feel like I'd enjoy it as much as back then, 15 years ago.
I enjoy cruising. If I wanted to drink and soak up sun I could do that in my back yard.
I don't know what prices are like but new ones are multiple six figures and I hear hard to find. Used boats can be money pits.
On the water it was half decent back then but there were occasional incidents of boating snobbery and self importance, particularly at the locks. With a lot of newcomers I expect the situation to be far worse.
With a small cruiser gas will be a serious cost. A litre a mile at $2.50?? Marina fees won't be cheap if you can find a spot.
My wife commented that we don't see a lot of boats being trailered as we did a few decades ago. Is that because of unreasonable tow limits on cars, lack of storage at home or too many impatient drivers?
Investment value for boats is not good, one of the most expensive toys around. If the economy tanks, boats are expensive to store and they still have to be insured to protect the boatyard. It's not like a M/C that can be shoved into a corner of a garage. Even a small runabout takes a lot of room. A 16 footer is closer to 19 feet with the motor attached and motors aren't light. The trailer tongue adds another few feet to the front of the package.
