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Jethrow said..
The trouble with letting the insurance companies decide is that in the not to distant future any boat on a mooring would need to be less than 5 years old and worth more than $500K.
My experience with Club Marine is that they are snobs who are only interested in what you paid for a vessel, not on what it is worth, how it is made, maintained and seaworthiness. The price paid is the only factor, apparently.
If all insurance agencies were given licence, then there'd be no more moorings, only marinas.