That is a really old Hyde! I bet it is at least 25 years old, maybe 30, It doesn't even have a rower's seat. Just a flat bench. Hyde hasn't had wooden gunwales in at least 24 years, My boat is a 1998 model and doesn't have them.
That Hyde still available?
I no longer own drift boats but I didn’t separately insure them when I did own drift boats. However, my homeowner’s insurance policy with State Farm provides (I think) something like up to $1,000 coverage on a ‘watercraft” category. I believe that most other homeowner’s insurance company policies have a similar protection. That amount is all inclusive to include items like float tubes, oars, life preservers, etc., in addition to an actual boat. The personal property coverage extends worldwide no matter where these items may be located. Beyond that, I believe you’d have to have a specific policy to insure coverage on a boat.
As a risk management professional myself, you are absolutely correct on all aspects of your statement. The standard ISO homeowners policy used by the majority of carriers provides $1,500 of coverage for watercraft including trailers, furnishings and equipment. Liability is afforded by the homeowners policy and liability is extended from the auto for the trailer/boat should something occur when being towed. For liability coverage extension from the homeowners the boat must be less than 26' and inboard of 50hp or less or outboard of 25 hp or less.
You Sir must be a lot more wealthy than I am. I would never feel I could "afford" to a $10,000 anything. I typically float with my best friend or alone. I never considered someone drowning - it is hard to fall out of a drift boat. I actually have been insuring my boat for many years. My premium is only $140 a year so the cost was not an issue. I have a lock on my trailer so when it is parked someone have to be prepared to cut through a hardened steel shackle.
Yes, I insured my old one on a personal / pleasure use policy. The new one is covered under guide insurance policy but they charge 3x as much for physical damage.
That surely doesn't look good. I have floated my Hyde at least 250 times and have never had any incidents where I took on water. The worse that has happened was getting hung on, sideways, on a big flat rock with deep water all around. Had to use an oar to push off.
Yeah buddy, the prices in the NE US for boats is particularly crazy. Oddly enough I found a very nice drift boat with a 9.9hp Yamaha outboard in Florida the other day that was very reasonably priced. I offered to put a $500 deposit on it and my parents were going to pick it up, then I was going to drive to NC to get it from them. A few hours later the person wrote back that someone came offered his $1,000 more than asking and came by and picked it up. I'm primarily going to be using mine in the Susquehanna, so if you see anything that would fit the bill let me know. I don't have to have a drift boat but I want to avoid the typical aluminum john boat style if possible. Thanks!
