Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 12-04-2014, 07:53   #1
Registered User

Join Date: Sep 2012
Posts: 777
Insurance

I got a quote request from Pantaenius and BoatUS. Any other suggestions? Thanks.
__________________

__________________
GalaxyGirl
5KidsAndaBoat
GalaxyGirl is offline   Reply With Quote
Old 12-04-2014, 07:58   #2
One of Those
 
Canibul's Avatar

Cruisers Forum Supporter

Join Date: Sep 2006
Location: Turks and Caicos Islands
Boat: Catalac 12M
Posts: 3,209
Re: Insurance

I did that, too. Ended up with Offshore Risk Management in the US.

Our requirement is a little different than many, in that we wanted to be able to keep our boat in the water, in the tropics, in the hurricane belt, during hurricane season. We have to pull the boat for named storms, or secure it in the mangroves. But we're insured.
__________________

__________________
Expat life in the Devil's Triangle:
http://2gringos.blogspot.com/
Canibul is offline   Reply With Quote
Old 12-04-2014, 08:07   #3
Registered User

Join Date: Sep 2012
Posts: 777
Re: Insurance

Quote:
Originally Posted by Canibul View Post
I did that, too. Ended up with Offshore Risk Management in the US.

Our requirement is a little different than many, in that we wanted to be able to keep our boat in the water, in the tropics, in the hurricane belt, during hurricane season. We have to pull the boat for named storms, or secure it in the mangroves. But we're insured.
I'm hoping to need that kind of policy also shortly down the road . I'm sure its an arm and a leg, but who wants to put a price on freedom.

Thanks for the info. I'm sure it will be handy soon enough.
__________________
GalaxyGirl
5KidsAndaBoat
GalaxyGirl is offline   Reply With Quote
Old 12-04-2014, 09:28   #4
Registered User

Join Date: Jul 2013
Location: Refit in Port Townsend, WA
Boat: 1984 Slocum 43
Posts: 419
Re: Insurance

Try Progressive Insurance.
__________________
Mycroft is offline   Reply With Quote
Old 12-04-2014, 09:36   #5
Registered User
 
ranger42c's Avatar

Join Date: Aug 2012
Location: Maryland, USA
Boat: 42' Sportfish
Posts: 2,985
Re: Insurance

We use a broker, same folks for the last 20 years. Search IMIS in Grasonville or maybe Stevensville, MD (Kent Island).

-Chris
__________________
Selby Bay, South River, Chesapeake Bay, USA.
ranger42c is offline   Reply With Quote
Old 12-04-2014, 09:40   #6
Registered User

Join Date: Jul 2006
Location: Underway in the Med -
Boat: Jeanneau 40 DS SoulMates
Posts: 1,904
Images: 1
Re: Insurance

check with Bill Hodgens of Yachtinsure -- he did a great job for us for a few years -- excruiser so he understands boats and boaters
__________________
just our thoughts and opinions
chuck and svsoulmates
In Marmaris Turkey for the winter
chuckr is offline   Reply With Quote
Old 12-04-2014, 10:38   #7
Registered User

Join Date: Sep 2012
Posts: 777
Re: Insurance

Quote:
Originally Posted by Mycroft View Post
Try Progressive Insurance.
Tried them. They only go to 50'. Thanks for the suggestion.
__________________
GalaxyGirl
5KidsAndaBoat
GalaxyGirl is offline   Reply With Quote
Old 12-04-2014, 10:40   #8
Registered User

Join Date: Sep 2012
Posts: 777
Re: Insurance

Quote:
Originally Posted by ranger42c View Post
We use a broker, same folks for the last 20 years. Search IMIS in Grasonville or maybe Stevensville, MD (Kent Island).

-Chris
Some folks on another thread mentioned IMIS also. I'm going to call them Monday. Thanks.
__________________
GalaxyGirl
5KidsAndaBoat
GalaxyGirl is offline   Reply With Quote
Old 12-04-2014, 10:41   #9
Registered User

Join Date: Sep 2012
Posts: 777
Re: Insurance

Quote:
Originally Posted by chuckr View Post
check with Bill Hodgens of Yachtinsure -- he did a great job for us for a few years -- excruiser so he understands boats and boaters
Will do. Thanks for the suggestion.
__________________
GalaxyGirl
5KidsAndaBoat
GalaxyGirl is offline   Reply With Quote
Old 12-04-2014, 11:33   #10
Registered User

Join Date: May 2008
Posts: 1,970
Re: Insurance

IMIS (usually representing Markel) and Pantaenius are both top quality. I've used both. They are worth extra money (but I haven't actually found them expensive). They can be selective as to who they'll cover.

Don't pay the money to cover areas you don't need. It's usually no problem with these companies to expand the navigation areas before a trip - assuming your request is reasonable. The price difference is unlikely to be worse than the insurance would have been in the first place for the larger area.

You'll also have an easier time getting insurance if your plans with your new boat seem conservative. This is not the time to talk about your dreams of cruising Patagonia some day
__________________
CarlF is offline   Reply With Quote
Old 12-04-2014, 12:39   #11
Registered User

Join Date: Jul 2013
Location: Refit in Port Townsend, WA
Boat: 1984 Slocum 43
Posts: 419
Re: Insurance

Quote:
Originally Posted by GalaxyGirl View Post
Tried them. They only go to 50'. Thanks for the suggestion.
Bummer. I have a 43, but they turned me down for being a liveaboard.
__________________
Mycroft is offline   Reply With Quote
Old 12-04-2014, 13:06   #12
Registered User
 
ShaktiGurl's Avatar

Join Date: May 2013
Location: West Palm Beach
Boat: Leopard 40
Posts: 365
Images: 1
Re: Insurance

We second Bill Hodgens Marine Insurance. He worked hard for us to find the right policy.
__________________
ShaktiGurl is offline   Reply With Quote
Old 12-04-2014, 23:51   #13
Registered User

Join Date: Apr 2013
Location: Seattle
Boat: 1989 52' PT Overseas Yachtfisher
Posts: 92
Re: Insurance

Quote:
Originally Posted by CarlF View Post
IMIS (usually representing Markel) and Pantaenius are both top quality. I've used both. They are worth extra money (but I haven't actually found them expensive). They can be selective as to who they'll cover.

Don't pay the money to cover areas you don't need. It's usually no problem with these companies to expand the navigation areas before a trip - assuming your request is reasonable. The price difference is unlikely to be worse than the insurance would have been in the first place for the larger area.

You'll also have an easier time getting insurance if your plans with your new boat seem conservative. This is not the time to talk about your dreams of cruising Patagonia some day
Well put. Further, know that how a premium is calculated is based on a number of factors:
  • Vessel (type, age, material condition, fuel type, value and more)
  • The owner/operator (their experience or lack thereof of operating vessels of similar size to the one they are looking to insure)
  • Navigation area (where the boat is operated)
  • Vessel usage (private pleasure, charter, liveaboard or ?)

This is not the time to be shy about being honest with underwriting. The last thing you want to have happen is for an underwriter to peruse this (or other) forums and glean any information different from what was agreed to for you r insurance policy.
__________________
Marine Insurance Guru and tuna fishing addict!
Pau Hana is offline   Reply With Quote
Old 13-04-2014, 05:20   #14
Now on the Dark Side: Stink Potter.
 
CSY Man's Avatar

Cruisers Forum Supporter

Join Date: Aug 2003
Location: Ft. Lauderdale
Boat: 2001 Albin 28TE.
Posts: 3,399
Images: 115
Re: Insurance

Stay away from BoatUS:

They changed their policies and will no longer insure to an agreed value, or a surveyed value: They will only insure the boat for what you paid for it.

Say you got a real bargain and paid $1000 for a $20,000 boat, they don't care.
Or you bought a project boat, fixed it up to Bristol, had it surveyed with a market value and an replacement value, they don't care.
Been there done that recently, argued with BoatUS, then cancelled my policy and when somewhere else, end of problem.

My guess is they will loose a bunch of customers.
__________________
Life is sexually transmitted
www.odincharters.com
www.susanhanssen.com
CSY Man is offline   Reply With Quote
Old 13-04-2014, 06:00   #15
Registered User
 
ranger42c's Avatar

Join Date: Aug 2012
Location: Maryland, USA
Boat: 42' Sportfish
Posts: 2,985
Re: Insurance

Quote:
Originally Posted by GalaxyGirl View Post
Some folks on another thread mentioned IMIS also. I'm going to call them Monday. Thanks.

Feel free to be a name dropper; they appreciate the word-of-mouth.

Our current policy happens to be with New Hampshire, but they shop all the likely suspects.

-Chris
__________________

__________________
Selby Bay, South River, Chesapeake Bay, USA.
ranger42c is offline   Reply With Quote
Reply

Tags
insurance

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Health Insurance ? irwinsailor Dollars & Cents 148 27-12-2016 19:42
Able Maritime Yacht Insurance and Sunderland Marine Insurance Arcticsailor Dollars & Cents 0 17-03-2014 10:56
Blue Water Insurance + Med Insurance Trish Affleck Rules of the Road, Regulations & Red Tape 1 01-04-2013 01:28
Insurance for a circumnavigation Gisle Dollars & Cents 3 29-04-2006 11:19
new insurance irwinsailor Dollars & Cents 19 01-06-2004 17:12



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 08:44.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.