in his book How To Sail Around The World
Margaret and I generally don't carry insurance on the yacht unless it's required in a special case (Italy), for lability (United States), or for an unusual risk (the coast of Labrador). Then we buy a policy with sizeable deductible.
I would like to hear opinion on subject from single-handers and couple sailing offshore.
During my last trip to the Bermuda
I was practically uninsured having three sailors when policy required four.
Next problem I see is responsibility for the crew members, other than family
Do you require signed document releasing you from legal
responsibility if life is lost
(providing that accident
occurred without your fault)
Beside the legal
aspect comes to mind moral aspect, how easy life would be after such tragic event as losing crew member
That is why I often prefer to sail offshore alone or with immediate family
Most famous case on above subject was disappearance of Chuck Muer, his wife and crew (Drummey's) on the way from Bahamas
of the crew sued for damages.