Additional cost on umbrella policy for a boat? How much is reasonable?

[IslandRadio]

When in doubt, ask the voices of experience

So, here's the problem. We have an umbrella policy that we've had for many years - attached to the main house homeowner's insurance.

We have a place on Rattlesnake Island, so obviously, have a boat to get there.

For whatever reason, even though I listed the boat on the umbrella renewal questionnaire in the past, they didn't seem to have it. Well, this year I got a call from the agent asking the horsepower of the boat.

The boat is a 1988 Century that has a big engine, but I've NEVER driven it above about 37 mph. I don't actually know if it will do 45. The RPMs are up there at 35.

Anyway, because the horsepower of the boat is listed at 300, the additional cost on the umbrella is something like $400 a year, which seems quite excessive. That's like insuring a car with no collision or comp. I would have expected maybe $50. Heck, it only costs $20 to extend our main policy's coverage to the cottage on Rattlesnake island.

Anyone have any experience with this sort of thing? How much do you pay?

Thanks and Regards,

Steve