Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 16-12-2009, 07:59   #91
Registered User
 
Springbok's Avatar

Join Date: May 2008
Location: Aberdeen, South Africa
Boat: r then 33 Y amaha Feb 2014 just bought Alan Pape 43 ketch
Posts: 198
Cruising??

I am obviously not a rich man and never have been but DID cruise and wonder if I can on a limited budget again, hence this thread "Cruising on $500 p/mnth". Re insurance we and others were badly stung and I don't have any answers. Obviously there are good/honest brokers/insurers out there but it can be expensive. We only had chain on our anchor and dived on it whenever we dropped anchor.We never dragged whilst cruising.Re Hurricanes we prepared our boat very well ie hurricane mooring,other anchors ,mast down etc etc. In most cases it is the other boats around you that drag and begin the log-jam,often hastily anchored charter boats. Anyway the 7 years in the Caribbean even with all the set backs was a "life-experience", so we dream again on $500 p/mnth
__________________

__________________
Springbok
Springbok is offline   Reply With Quote
Old 16-12-2009, 09:23   #92
Senior Cruiser

Cruisers Forum Supporter

Join Date: Aug 2009
Location: between the devil and the deep blue sea
Boat: a sailing boat
Posts: 17,314
Quote:
Originally Posted by TACK OFF View Post

you do not mention how much insurance 60 euros per year buys.
but I hope it buys a lot
It buys something like EUR 1 million. Roughly the cost of a new coat of varnish on anything called here a yacht (while actually being just a tax evasion).

But we have the choice of not scratching the capitalists' topsides as long as we stay in anchorages. Which is exactly what we do when CRUISING.

b.
__________________

__________________
barnakiel is offline   Reply With Quote
Old 16-12-2009, 10:41   #93
Ram
Registered User
 
Ram's Avatar

Cruisers Forum Supporter

Join Date: May 2005
Location: Cruising Greece
Boat: Cat in the med & Trawler in Florida
Posts: 2,298
Images: 27
Quote:
Originally Posted by barnakiel View Post
It buys something like EUR 1 million. Roughly the cost of a new coat of varnish on anything called here a yacht (while actually being just a tax evasion).

But we have the choice of not scratching the capitalists' topsides as long as we stay in anchorages. Which is exactly what we do when CRUISING.

b.
60 euros a year? Seems like its a scam, thats too cheap , i hope youu never need to collect!
__________________
Ram is offline   Reply With Quote
Old 16-12-2009, 14:43   #94
cruiser

Join Date: Mar 2004
Posts: 1,167
Why would anyone in their right mind want to dock in Toronto?
__________________
Brent Swain is offline   Reply With Quote
Old 16-12-2009, 14:47   #95
Registered User

Join Date: Sep 2009
Location: Blue Hill, Maine
Boat: 32' Bob Baker/Joel White Cutter (One-off wood)
Posts: 161
Once you buy a sailboat you are clearly no longer in your right mind.
__________________
marujo.sortudo is offline   Reply With Quote
Old 16-12-2009, 16:08   #96
Senior Cruiser

Cruisers Forum Supporter

Join Date: Aug 2009
Location: between the devil and the deep blue sea
Boat: a sailing boat
Posts: 17,314
Quote:
Originally Posted by Ram View Post
60 euros a year? Seems like its a scam, thats too cheap , i hope youu never need to collect!
Not necessarily. It is by King's decree, obligatory. The total is subdivided into specific damages. I believe they would pay up to about EUR 100k per damage, unless there are damages to sbd's health, etc. in which case it is around 240k max per person injured.

It is not so much that anybody wants to collect it or not - it is obligatory to have it, if you are using any marina in Spain, whatever flag your ship shows.

b.
__________________
barnakiel is offline   Reply With Quote
Old 16-12-2009, 16:17   #97
Ram
Registered User
 
Ram's Avatar

Cruisers Forum Supporter

Join Date: May 2005
Location: Cruising Greece
Boat: Cat in the med & Trawler in Florida
Posts: 2,298
Images: 27
Quote:
Originally Posted by barnakiel View Post
Not necessarily. It is by King's decree, obligatory. The total is subdivided into specific damages. I believe they would pay up to about EUR 100k per damage, unless there are damages to sbd's health, etc. in which case it is around 240k max per person injured.

It is not so much that anybody wants to collect it or not - it is obligatory to have it, if you are using any marina in Spain, whatever flag your ship shows.

b.
still smells fishy to me, its one of those things i just cannot beleave...if its too good to be true..it useilly is-once upon a time i bought cheap insurance for my car, its the law here and someone hit me..guess what the compney went out of biz and i never got paid ....
__________________
Ram is offline   Reply With Quote
Old 16-12-2009, 19:07   #98
Registered User

Join Date: Dec 2009
Location: Pickering Ontario
Boat: 1995 hunter 430
Posts: 329
Quote:
Originally Posted by Brent Swain View Post
Why would anyone in their right mind want to dock in Toronto?
Great looking Ladies
Great food
Great wine
Great shows
and Great weather

you are invited to try it.....please
__________________
Navicula is offline   Reply With Quote
Old 16-12-2009, 19:56   #99
Registered User

Join Date: Sep 2009
Location: Blue Hill, Maine
Boat: 32' Bob Baker/Joel White Cutter (One-off wood)
Posts: 161
Liability insurance is about the same in the US per max payout. The liability portion of my insurance is $262/yr which coverages up to $500,000. I have full insurance, though; so I'm not sure if I could just buy the liability but I imagine it would be an option.
__________________
marujo.sortudo is offline   Reply With Quote
Old 17-12-2009, 12:35   #100
Senior Cruiser

Cruisers Forum Supporter

Join Date: Mar 2006
Location: Whangaparaoa,NZ
Boat: 63 ft John Spencer Schooner
Posts: 956
Quote:
Originally Posted by Ex-Calif View Post
I could also save money by not repacking the liferaft...

(Sorry a little cynicism to start the day)

That's OK . I'd skip that as well - never did trust those things.

Proof of (liability) insurance is a requiremnt for licensing here.

Register elsewhere

Mooring costs are $1,000 per year. I reckon I could eat that up at ports of call.

$1000 per year is pretty good, but yes if you were travelling it would go in port/entry fees pretty easily.

Your suggestion saves about $120 per month.
Can't follow your arithmetic, seems the big issue is insurance. So take liability if you absolutely must, sounds like it's cheap enough.
__________________

dana-tenacity is offline   Reply With Quote
Old 17-12-2009, 13:54   #101
Senior Cruiser

Cruisers Forum Supporter

Join Date: Aug 2009
Location: between the devil and the deep blue sea
Boat: a sailing boat
Posts: 17,314
Quote:
Originally Posted by Ram View Post
... once upon a time i bought cheap insurance for my car, its the law here and someone hit me..guess what the compney went out of biz and i never got paid ....
It is not for when I get hit. It is only for when I hit someone.

The one to be covered when I get hit is optional, and far more expensive.

Off course, if the company goes belly up, it goes, and I have to buy a new insurance from their competition.

b.
__________________
barnakiel is offline   Reply With Quote
Old 17-12-2009, 14:13   #102
Registered User

Join Date: Mar 2008
Location: Houston TX
Boat: Pacific Seacraft 25 "Turtle"
Posts: 364
Images: 35
$500,00 liability only for my 31yo Pacific Seacraft 25 is $55 a year through State Farm.

After being told I needed a full out of water survey($650) and knowing full well that replacement $ on my boat would be an argument(that I wouldn't win) from the word "go" I decided not to bother with full coverage($650-800).

Hurricane Ike did me bunch of damage. Enough that an insurance company would, most likely, have written Turtle off, but I brought her home and did the work myself over almost a year and relaunched her a couple of weeks ago. The money I saved on slip fees over the year more than paid for all my repairs luckily.

Hurricane Ike also damaged my MILs roof. She has been paying her insurance to the same company(unnamed) for 47years with only 2 very small claims(stolen lawn equipment) and it was a battle to get $3900 to fix the roof. The damage to trees and her lawn shed was not even considered.

Insurance is a racket that preys on peoples fears of what "might" happen. I have been paying for car insurance for over 30yrs. I could have purchased several new cars with the premiums that in my case have been a burden and a waste since I've not had a car stolen or damaged or damaged anyone elses either. The biggest scam they are doing now is using my credit rating to figure my insurance costs.

Can anyone explain what my credit score has to do with wether or not I'm a good boater/driver? If you can please speak up because I can't figure it out.

Don't get me started on health insurance. We don't need affordable health insurance we need affordable health care...............m
__________________
I must go down to the sea again.........
cantxsailor is offline   Reply With Quote
Old 17-12-2009, 14:35   #103
Registered User

Join Date: Dec 2009
Location: Pickering Ontario
Boat: 1995 hunter 430
Posts: 329
$500,00 liability only for my 31yo Pacific Seacraft 25 is $55 a year through State Farm.

After being told I needed a full out of water survey($650) and knowing full well that replacement $ on my boat would be an argument(that I wouldn't win) from the word "go" I decided not to bother with full coverage($650-800).

Can anyone explain what my credit score has to do with wether or not I'm a good boater/driver? If you can please speak up because I can't figure it out.



500 thousand is not enough today, I am not kidding, sure 500 thousand will cover alot of boat repairs, but it is NOT enough to cover personal injury, heaven forebid anyone should get hurt on your boat

some crusiers today have alot of value in there boat and they want to be fully covered incase they hit a reef and sink..........hey it could happen, just look at lazy jack.

however going forward to 2010, you should include insurance in your monthly expense, a personal injury claim could sink you quick.

ps. the credit issue bothers me as well
__________________
Navicula is offline   Reply With Quote
Old 17-12-2009, 15:25   #104
Moderator Emeritus
 
FrankZ's Avatar

Cruisers Forum Supporter

Join Date: Sep 2006
Location: Chesapeake Bay
Boat: Bristol 35 Bellesa
Posts: 13,565
Images: 1
Quote:
Originally Posted by TACK OFF View Post

Can anyone explain what my credit score has to do with wether or not I'm a good boater/driver? If you can please speak up because I can't figure it out.
I don't believe the insurance companies decide you are a good or bad boater based on credit score. They likely use it to assess risk (and that is what insurance is all about). If you are heavily in debt they may be concerned you would scuttle the boat to pay off debt (it has happened) or you may be too risky as you won't have funds to maintain a boat properly.
__________________
Sing to a sailor's courage, Sing while the elbows bend,
A ruby port your harbor, Raise three sheets to the wind.
......................-=Krynnish drinking song=-
FrankZ is offline   Reply With Quote
Old 17-12-2009, 15:27   #105
Ram
Registered User
 
Ram's Avatar

Cruisers Forum Supporter

Join Date: May 2005
Location: Cruising Greece
Boat: Cat in the med & Trawler in Florida
Posts: 2,298
Images: 27
Quote:
Originally Posted by FrankZ View Post
I don't believe the insurance companies decide you are a good or bad boater based on credit score. They likely use it to assess risk (and that is what insurance is all about). If you are heavily in debt they may be concerned you would scuttle the boat to pay off debt (it has happened) or you may be too risky as you won't have funds to maintain a boat properly.
Im not sure if i buy that, if thats true why do they do a credit check when you get car insurance?
__________________

__________________
Ram is offline   Reply With Quote
Reply

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
Cruising USVI / BVI Next Month markbeebe Sailor Logs & Cruising Plans 16 12-01-2009 15:10
One more Month.... Islandmike Sailor Logs & Cruising Plans 16 09-05-2008 06:36
Want To Crew The Month Of December CharlesFCook Crew Archives 1 08-11-2007 15:02



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 03:06.


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.