Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 02-01-2006, 11:44   #1
Registered User

Join Date: Dec 2005
Location: Madison
Posts: 30
sailing without boat insurance

I have read that many people consider sailing without insurance instead of paying the high monthly cost when far from home waters. They reccomend puting that money into an account and using it as their own type of insurance if something breaks. Does anyone reccomend this? Is this even legal, or do ports demand proof of insurance on entering?

Tigerlily is offline   Reply With Quote
Old 02-01-2006, 12:31   #2
Senior Cruiser
Talbot's Avatar

Cruisers Forum Supporter

Join Date: Jun 2004
Location: Brighton, UK
Boat: Privilege 37
Posts: 3,578
Images: 32
Most ports and marinas will insisste on at least 3rd party insurance cover, and I would not consider sailing without at least this level of cover. You might be able to absorb the loss of the equity in the boat, but if you had to then pay for removing the wreck and any clearance operations, you could lose rather more than you can afford.

"Be wary of strong drink. It can make you shoot at tax collectors - and miss."
Robert A Heinlein
Talbot is offline   Reply With Quote
Old 02-01-2006, 13:04   #3
Registered User
sv_makai's Avatar

Join Date: Dec 2004
Location: Currently, cruise is over and back in Solomons MD, USA
Boat: Voyage/Maxim 380 - Makai
Posts: 543
Images: 10
Send a message via Skype™ to sv_makai
Insurance musts

When we left the Chesapeake bay a few years back we started to travel south and a few fuel stops asked for proof of insurance before allowing us to tie up to refuel.

As for cruising without insurance we never would. If I was sailing a 30-40K boat and had a very cheap dinghy I would consider the risks, but we are not.

You have to look at the odds. If you lose you boat or some moroon hits you 10 years down the road you proabably would have paid for an inexpensive boat. But what happens if it is year one and the idiot docking next to you uses you as a fender or drags down on you and he doesn't have money either. Wee have seen it a lot and it is ugly (especially in the windwards)

We have friends on Amorita that fit this. No insurance on a beautiful 40 yeear old boat. They were hit by jet skiers in Curacao. The driver was killed and passagner was put into a como and no one had insurance. The jet skie embedded itself so far into the boat (1 1/2 inch thick planked) the the bow was on the centerline.

Who paid. Amorita's skipper did. No they are going to loop the Caribe and head back to San Diego this year insdie of the 3-4 they planned.

Many of the boats our here are un-insured (bummer for those in Ivan and Emily) and since they have no money and you in a foreign country restitution can be tough.

Accidents happen, but the the desicion to carry insurance should be an informed one and not because it would save cash. It can be false economy. Just understand all of the impacts.
Captain Bil formerly of sv Makai -- KI4TMM
The hunt for the next boat begins.
sv_makai is offline   Reply With Quote
Old 02-01-2006, 15:20   #4
Registered User
Strygaldwir's Avatar

Join Date: Dec 2004
Location: Deale, Maryland
Boat: SeaView - Privilege 37
Posts: 1,019
Images: 5
Okay, Insuance is a good thing. Now, where do you get it? Especially when headed off-shore (US that is)? It really can be quite a hassle to obtain. I had to have a survey done to prove value. If I didn't need to pull the boat for other maters, that was $800 right there. Then, of course the cost. I don't know what that will be, yet.

The only place that has asked to see proof of insurance was Ft Lauderdale Marine Center when I hauled out. They even called to make sure I did not forge the proof. No one else has asked.

I definately get coverage, at least for the first couple of years. Then, I am no so certain.

Strygaldwir is offline   Reply With Quote
Old 02-01-2006, 17:00   #5
Registered User
Jon D's Avatar

Join Date: Sep 2004
Location: Ft. Lauderdale, FL currently CLODs [cruisers living on dirt]
Posts: 423
Images: 11
If you are going offshore there are companies that specialize in insuring full time liveaboards and cruisers.

I can recommend that you talk to Al Golden at IMIS as one example of a broker who knows this market. The Jackline policy he does is pretty unique however not the lowest cost.
S/Y Sirius
Moody 47
Jon D is offline   Reply With Quote
Old 02-01-2006, 17:24   #6
Registered User
sv_makai's Avatar

Join Date: Dec 2004
Location: Currently, cruise is over and back in Solomons MD, USA
Boat: Voyage/Maxim 380 - Makai
Posts: 543
Images: 10
Send a message via Skype™ to sv_makai
Huricane season

One of our cruising friends just got thier Jackline renewal. Yes it is expesnive, but the worst is the range. They must be below 10 degrees 30 minutes. Basically Trindad and the SA mainland.

Venezulian outislands and the ABC's are out.

This limits cruising during H season.. We spend most of H season cruising the outislands and the ABC's.

The new limits pretty much let you sit in a marina for H season, not much fun

We use offshore risk out of FL. Good coverage, 12 d 50 M and this renewal we had a rate reduction!
Captain Bil formerly of sv Makai -- KI4TMM
The hunt for the next boat begins.
sv_makai is offline   Reply With Quote
Old 03-01-2006, 04:10   #7
Registered User

Join Date: May 2003
Location: Caribbean
Boat: 2004 Manta 42 - Perseverance
Posts: 303

As with most things in life, you get what you pay for. While I can't comment on Makai's insurer, I can tell you a little bit about IMIS and Jackline. We had an accident last year in Nassau, and the company was fantastic. They covered things I never thought would be covered (i.e., security dusk to dawn). And buying through a broker gives you someone in your corner should you start to butt heads with the insurance company.

We have not started getting quotes for the Caribbean yet, so I don't know how that will affect our insurance decisions. But for coastal U.S., Jackline allows us as far south as St. Mary's, GA from July 1 (a month after the start of hurricane season) to November 1 (a month before the end). That definitely works for us.
Harriet is offline   Reply With Quote
Old 03-01-2006, 05:22   #8
Registered User
sv_makai's Avatar

Join Date: Dec 2004
Location: Currently, cruise is over and back in Solomons MD, USA
Boat: Voyage/Maxim 380 - Makai
Posts: 543
Images: 10
Send a message via Skype™ to sv_makai

We too had heard of nothing but good reviews of Jackline. I was not trying to say they were a lessor company in any fashion. Many of our friends use them and love them.

I was only pointing out there changes in H season and that has a big impact on crusing during the H months down here.
Captain Bil formerly of sv Makai -- KI4TMM
The hunt for the next boat begins.
sv_makai is offline   Reply With Quote
Old 03-01-2006, 06:04   #9
Registered User

Join Date: Jan 2005
Location: Fiji
Boat: Westsail - CC - 42
Posts: 337
Sans Insurance

Interesting comment by the Pardey's at last years Miami show.

They said bluewater w/o insurance. When you get to where you're going, get a local insurance company to cover you (if it's required).

I do remember reading of a cruiser in Mx on the West coast that had done this. They reported some accident and said the local insurance agent was great. Could relate to the local yards and get exactly what was needed done.

Any interesting way of dealing with insurance needs.
Fair Winds
dkall is offline   Reply With Quote
Old 11-01-2006, 14:21   #10
Marine Service Provider
Al Golden's Avatar

Join Date: Jan 2006
Location: Wye River, Maryland
Posts: 16
Capt. Bil:

We aren't too happy with the change in the southern boundary either. (BTW it's 1050' North) Keep in mind though, that:
1. The Jackline policy does NOT say that your yacht can't be in the box during the period, but simply excludes Tropical Windstorm damage if it is.
2. That means you can still cruise anywhere in your normal navigation area, as long as you're willing to accept the Tropical Windstorm risk.
3. Further, there's hardly any place down island that isn't a day or two sail from from the covered area, so upon any kind of warning you just get on your horse and head south.

Fair winds,
Al Golden
Internatl Marine Insurance Svcs
Al Golden is offline   Reply With Quote
Old 11-01-2006, 17:02   #11
Moderator Emeritus
GordMay's Avatar

Cruisers Forum Supporter

Join Date: Mar 2003
Location: Thunder Bay, Ontario - 48-29N x 89-20W
Boat: (Cruiser Living On Dirt)
Posts: 29,341
Images: 240
Maggie & I (Cdn) spent 9 years cruising & living aboard (summers in Florida, winters in Bahamas) without any insurance.
Gord May
"If you didn't have the time or money to do it right in the first place, when will you get the time/$ to fix it?"

GordMay is online now   Reply With Quote
Old 12-01-2006, 03:08   #12
Registered User

Join Date: Nov 2004
Location: Currently based near Jacksonville FL; WHOOSH's homeport is St. Pete, FL USA
Boat: WHOOSH, Pearson 424 Ketch
Posts: 591
Tigerlilly, here are a couple of add'l thoughts re: insurance:

Given your boat search, it appears you'll be cruising on a modest budget. That will probably force you away from hull insurance when offshore, tho' keep in mind that you can seek liability coverage (damage done by you to others) alone which is usually very inexpensive. This is the kind of coverage typically required by a marina or fuel dock.

If heading E from N America, I would recommend liability coverage because it's more commonly preferred in Europe. Of course, if you plan to sail during the winter (e.g. in Greek waters) and don't plan to be using marinas, the need for this lessens. OTOH if you are heading W and into the Pacific, I would locate a broker who can provide you liability insurance (IMIS is an excellent source) but not obtain it until you find you need it, as you won't find this a requirement in almost all island nations.

BTW I was glad to see the post which clarified the Jackline Policy, as I think the restrictive 'box' is often irrelevant for sailors during hurricane season. E.g. I would have no reluctance visiting the ABC's during hurricane season as they simply don't have storms that far W; the same is true for the Aves & Roques (VZ island groups). There is a difference between coverage for named storms and coverage generally, and riders are available if one must transit an area where the boat is at risk of encountering a storm.

WHOOSH, Pearson 424 Ketch
Euro Cruiser is offline   Reply With Quote
Old 12-01-2006, 13:00   #13
Boracay's Avatar

Cruisers Forum Supporter

Join Date: Feb 2004
Location: Pelican Bay, Great Sandy National Park
Boat: Steel Roberts Offshore 44
Posts: 5,175
Images: 18
Underwriters Comments

There are some interesting comments on insurance underwriting at :-
Boracay is offline   Reply With Quote
Old 24-01-2006, 07:48   #14
Registered User
Bill Balme's Avatar

Join Date: Aug 2005
Location: Providence, RI
Boat: Outbound 44
Posts: 156
Inexperienced Crew

Insurance looks like it might be tough to get for our upcoming voyage across the Atlantic, down to the Med as far east as Turkey - and Lordy, even south to the African Coast.
With only a year and a half true sailing experience behind us, no insurer seems to want to know us...
Bill Balme
s/v Toodle-oo!
Outbound 44 #27
Bill Balme is offline   Reply With Quote
Old 24-01-2006, 13:45   #15
Senior Cruiser

Cruisers Forum Supporter

Join Date: Nov 2005
Location: Tasmania
Boat: VandeStadt IOR 40' - Insatiable
Posts: 2,316
Images: 91
Around here (Australia), many marinas will request insurance details if you want to berth for the night. I am not a big fan of insurance, but considering that in a cruising situation, your boat is your home, the consequences of losing that home, uninsured, would convince me of the (evil) necessity of insurance.

Weyalan is offline   Reply With Quote

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
Island Packet 31 for Liveaboard / Offshore? Gray Monohull Sailboats 33 01-09-2013 06:26
Do Boats Have 'Souls' ? sail_the_stars General Sailing Forum 77 14-11-2010 14:25
A Primer on Fiberglass Construction Jeff H Construction, Maintenance & Refit 25 17-11-2005 10:21
Changing the Boat's Name sjs General Sailing Forum 4 24-05-2004 07:15

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 03:56.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.