Lake Info
Normal Lake Level is 322.00 feet above Mean Sea
Level.
Current level for Cedar Creek Lake is: 321.80 Water Temperature:
83 degrees - top
80 degrees - bottom
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Boat
insurance myths debunked
Monitor Staff Reports
ALEXANDRIA, Va.–Bring up the topic of boat insurance, and most boaters will tell you
it’s a sleeper.
However, Boat Owners Association of the United States (BoatUS) says many boaters and
anglers might be surprised to know the important details about their own boat’s
insurance policy.
BoatUS would like to debunk two common myths about boat insurance to help boaters choose
the right coverage, and become more informed consumers.
Myth No. 1 – If you understand home or auto insurance, you’ll understand boat
insurance.
Most consumers are familiar with standard home or auto insurance policy language, so
it’s easy to shop for price as long as each insurance company has about the same
service. Then when you have to file a claim, and each company will treat the loss in the
same manner, right?
Not true with boat insurance, because each company can include or exclude whatever
coverages it desires.
That means that one company’s policy could cover damage if your boat sinks, for
example, while another could exclude the same loss, attributing it to simple “wear
and tear.”
Generally, a marine specialty insurer will offer better coverage when compared to adding
your boat to your homeowner’s insurance policy.
For example, true “boat specialty” policies will have 24/7 emergency response
operations to not only take the first report of a claim, but are able to dispatch
resources needed to immediately recover and repair the boat, which can also reduce the
boater’s exposure to fines and penalties if their boat is sinking and leaking fuel.
In another example, after a hurricane, some homeowner’s insurance companies’
primary focus is to process claims for home damage, leaving boat insurance claims a
distant second priority. Plus, the longer you wait, the greater the chance the boat could
incur more damage.
Myth No. 2 – Most companies that specialize in boat insurance have similar coverage,
so it’s best to shop on price.
Again, even among marine specialty insurers, all policies are not the same, so the first
task is to review the “exclusions” to see what losses are not covered.
A fairly standard exclusion usually starts with wording such as “any loss caused
directly or indirectly by wear and tear, gradual deterioration, rot, corrosion, etc.”
The second task is to then see if the policy has a provision to add back
“consequential damage” coverage.
Consequential damage coverage appeals to many boat owners because it covers the
“consequences” of a loss that was the result wear and tear, deterioration, rot
or corrosion.
In plain English, if consequential damage is not covered in your policy, almost every
sinking or fire could be excluded.
Lastly, some boat policies limit salvage coverage, or combine salvage expenses with other
repair expenses in the same “pile” of money to handle the claim.
This means if your boat sinks and the combined cost of salvage and repair surpass your
policy’s limits, you’ll be on the hook for the rest. Not good.
Most boaters need a policy that treats salvage and repair expenses separately.
For example, if you boat is insured for $40,000, you should have up to the full value of
the policy ($40,000) for salvage efforts and another $40,000 available for repairs or
replacement.
For more information on boat insurance or to ask any questions, call the BoatUS Marine
Insurance Department toll-free at (800) 283-2883.
First CCVF golf classic set June 7
Monitor Staff Reports
PINNACLE CLUB–The Cedar Creek Veterans Foundation is sponsoring its inaugural CCVF
Golf Classic tournament, benefiting The Fisher House and The Wounded Warrior Project.
Registration for the four-man scramble, full handicap tournament opens at 8 a.m. Monday,
June 7, followed by a 9:30 a.m. shotgun start at the Pinnacle Club Golf Course.
Entry for the tournament is $200 for a four-man team, which includes lunch and the awards
ceremony following the tournament.
Proceeds from the tournament will go to The Fisher House, which provides shelter for the
families of severely wounded military personnel during hospital stays.
Also benefiting from the tournament is the Wounded Warrior Project, which provides unique,
directed aid and services to meet the needs of severely injured soldiers.
Child actor Jae Head, one of the stars in “The Blind Side,” Sandra
Bullock’s Oscar-winning movie, will be a guest participant, along with corporate
sponsors.
For more information on the tournament contact Gayle Robinson at (903) 451-5054, or Elaine
Bownes at (903) 451-3820.
Hop, skip and a jump
Monitor Photo/Kerry Yancey
Mabank Strikers second baseman Gavin Scrimshire (left) tries to secure the ball as
Malakoff Red Sox baserunner Dillon Boles (8) leaps over Scrimshire's leg to reach second
base safely during their U8 (machine pitch) baseball game May 21 at Mabank's George Watts
Park.
Upcoming Events |
| Yachting
June 24
Race Day
skippers meeting 9 a.m. race 10 a.m.
July 10
Marker Bouy Regatta
July 24
Race Day
skippers meeting 9 a.m. race 10 a.m.
Aug. 14
Fun Sail 11 a.m.-2 p.m.
Aug. 28
Race Day
skippers meeting 9 a.m. race 10 a.m.
Sept. 11
AMU race 11 a.m.-2 p.m. |
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