After a friend of mine had a bad accident on the way to the river with his boat and totaled the thing. Freaked me out so now I am going to get some insurance. I own a 1989 Eliminator 21 foot OLDS/berk jet boat. It is worth apx. 10-12k I called an insurance place down in AZ since that is where I store the boat and they want 996$ a year to give me both liability and comp and collision. They only want 236$ without the comp and collision, but I am worried about my boat getting stolen, wrecked or vandalized more than I am worried about wrecking into somebody and getting sued.... Is this a fair amount? 1k a year to inure a boat that is 12k at most seems a bit high to me.......