Keith wrote:

Just call your insurance company and get an insurance quote on a ferrocement
boat. Then call some more. Let us know what you find out.


While you are at it, ask about liability only. Then recalculate your
risk / return ratio if it doesn't sink in 20 years, without
insurance, considering rates likey will go up. Spend the difference
on a liferaft.

Info us of your analysis outcome.

You wouldn't buy a boat if you thought it was going to sink, so why
bet that it will? Consider fire and theft only coverage for loss.

Terry K