Reply With QuoteI did some checking around looking for moorage and Westbay was the most expensive at $10.50 a foot. In addition they wanted you to have you boat surveyed once a year which will cost you a few hundred. The seem more interested in float homes than sport fishing boats. My Insurance Company only requires a new Insurance Survey once every five years so once a year seems excessive.
Looks like I will be at Sunny Shores for this year. They also have found a way to increase their income by cutting out the 6 month discount rate. So now it’s the higher monthly rates or the yearly discounted rate, assuming you want your boat in the water for the mid winter storms. I suspect soon it will be very difficult to get moorage anywhere if you don’t get it on a yearly basis.
As for Insurance costs in Sooke, my broker advised they are just a little higher for the Boat and Machinery however the $3000.00 Personal Effects (fishing gear, downriggers etc) coverage that is included in there policy elsewhere was removed from my policy because the boat will be located in Sooke. I was offered the chance to buy it back for $3.50 per $100.00. Perhaps some of you are grandfathered with a better policy. The Insurance companies seem to have an issue with what they see as higher theft rates in the Sooke area. I tried negotiating with them by advising of a number of security upgrades I am making, to no avail.
I was thinking it would be nice if the police had a bait boat/trailer program like they do for cars but I can’t see it happening, at least not till ICBC sells boat insurance.
