I've had American Family for several years and they treated me fairly when my H20 was destroyed in a storm. At $120 per year, it doesn't make sense to go without on a $12,000 boat. The one and only claim I had covered the boat and the motor homes it crashed into as it tumbled down the beach in a big storm, breaking into pieces. I was just lucky it didn't hit anyone. Whether your boat costs $500 or $500,000, going without insurance is a mistake. Replacing the boat is one thing, but paying medical bills if someone is hurt while sailing or just standing around on the beach could be devastating for everyone involved.