Insurance companies always want you to pay high premiums but don't want to pay out much.
Should you insure it now???
You have to ask yourself what is the boat worth and the cost to replace it, if you owe any money. do you charter, own any property and then decide if you need insurance.
My 26' boat is worth $32,000.00 and I charter and yes it is insured.
Igo through United Marine Underwriters. Phone number-800-477-7140 web-site
www.unitedmarine.net
My premium is$910.00 for:
liability -1 million
medical-25,000
uninsured boater-1 million
personal effects-3000.00
towing and emergency-1500.00
also covers limited charting-6 pack
also covers boat & motor