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Old 30-05-2014, 05:11   #31
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Re: cost of insurance for like 60 foot sailboat we love to cruise around the world

^^^ What a great post, Sharon! Pretty much says it all.
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Old 30-05-2014, 16:43   #32
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Re: cost of insurance for like 60 foot sailboat we love to cruise around the world

OK
To answer the question, we are insured for worldwide sailing on our 60' ketch. With a US$400k agreed value the base is about 3,800/yr for the Chesapeake Bay and tribs. When we cruise the rate per $1,000 goes up. On a Pacific crossing with just the two of aboard it goes up to close to 3x, the Bahamas just adds a couple of hundred, an Atlantic crossing an extra $2k. Once out of the US there are other good companies that our broker can write that are cheaper but our current underwriter Markel is top notch. Note that I have over 40k offshore miles and my wife over 7k. Our low premium is based on experience and no charged claims. You will not be insured for ocean sailing as a couple without a few years of experience sailing a progression of larger yachts longer distances so buy something now and get our there! Go for it but know one thing, your budget for a 60 footer is HALF of ours and I do all the work aboard...and we anchor out when cruising.
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Old 30-05-2014, 18:21   #33
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Re: cost of insurance for like 60 foot sailboat we love to cruise around the world

Quote:
Originally Posted by Hud3 View Post
^^^ What a great post, Sharon! Pretty much says it all.
Thank you, Hud! Hopefully someone can benefit from my learning the hard way what all is involved in insuring a boat.
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Old 31-05-2014, 05:42   #34
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Re: cost of insurance for like 60 foot sailboat we love to cruise around the world

thanks everyone for there advise and answering my questions .....happy sailing to everyone here
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