Again that thing that mark twain said rings true, the rarest thing on earth is common sense'A canoe will not cause as much dam,age as a 30 ft bayliner.A 700 lb boat going 25 mph will not cause as much damage as a 21 ft3000 lb boat going 55 mph.Of course that small boat running full tilt into a mass baptism, well thats a different story.If you have assets worth 3000,000 bucks, minimum insurance is foolish.Thats what insurance does covers yer ass ets