Insurance questions...

To me, with a value of 8K-10K I would question the need for the coverage of that type. Afterall. . .the insurance company is NOT a non-profit enterprise.

The real thing you need is *liability* coverage. Preferably in conjunction with an umbrella liability policy for you home and car.
The towing coverage is also a great thing to have. I don't have towing coverage on my boat; but I am a SeaTow member.
 

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