Soundings

Policy Problems

Curtis Stokes tries to be nice while leveling with the people who call him. They’re all eager to buy boats, and the conversations start out friendly enough, but far too often these days, the broker based in Fort Lauderdale, Florida, ultimately finds himself talking to a dial tone. “People hang up on me. They think I don’t want to sell them the boat,” he says. “That’s not the case at all.”

The callers are frustrated because he tells them that before they can even start shopping for a boat, they need to get pre-approved for an insurance policy. According to numerous industry experts, the biggest hurdle to buying a boat right now is not high inflation or rising interest rates or even the slim pickings on the market following the pandemic’s boat-buying craze. Instead, the

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