BoatUS/Geico would not insure our boat because of its age. I purchased insurance from Progressive without any problems including hull coverage. I talked with them when I first heard of the Geico issue. If the primary use of the boat is recreational there is no exclusion for occasional racing. I maintain the boat in “cruising” condition and equipment and do not expect any problems. If I plan to go more than 75miles offshore or to a country other than US or Canada I will need to buy a rider for the additional coverage. They also include “Sign & Glide” towing service and pay the provider directly.