Caribbean Hurricane Season Insurance

[mikefp60]

To answer the question from Mustang Sally go to ::: Pantaenius Yacht Insurance - Pantaenius Yachtversicherung :::.

[Mustang Sally]

We want to get to the bottom of this for good.

Moondancer, our policy address shows Montevideo SA. I don't think thats South Africa, i think its South America

[TabbyCat]

Yes, SA is South America.
Which is where Mr Williams runs his unlicensed scheme from.

Panteanius has 3 divisions: 1 in Monaco, one in the UK, and one in the US. We work primarily with the Panteanius office in UK. All three of thier companies are rated A and are licensed to operate in their respective countries.

[osirissail]

Montevideo SA Googles out as a big city in Urugay between Chile and Argentina and Brazil. Not much of a sailing community there or any laws or restrictions on anybody operating a business. You might say it business-wise it resembles Nigeria.

[Mustang Sally]

After close examination of numerous items we feel our boat insurance by Edward William and Northernreef is a scam. We have now reinsured with another company.

[YACHT TARENTELA]

Thanks Mustang Sally. Its funny you said that. When I looked at their site something made the hair on the back of my neck stand up. I have been getting replies from other insurers and will post if I find a good company.

[osirissail]

- - IMHO, even though there is a lot of "clutter and static" on these types of forums ranging from ridiculous to the sublime, occasionally there pops up a pearl of information that can really save you significant money or heartache or just make your day. In another thread on CF I learned of a company that can make parts for my obsolete engine that will save me tens of thousands of dollars in the near future. I like that.

[s/v Moondancer]

I am pleased that Mustang Sally is now securely insured. Again I recommend Susan "Tabby Cat"

International Marine Insurance Services
Click here to fill out an Insurance Quote Request
(enter "Susan-CF " 4 how you learned about IMIS)

[MarkJ]

Nice catch, osirissail.
Nicely spotted, nicely reported.

[sck5]

Just for information - Montevideo is the capital of Uruguay. "SA" is how you say "Inc" in Spanish. It stands for "Sociedad Anonima" which is the spanish legal term for "Incorporated".

I would be very very nervous about anything that might require me to settle a monetary damage claim in a Uruguayan court. Count me as another vote for IMIS, noted above - They have been great to work with.

[bvimatelot]

Originally Posted by osirissail

Montevideo SA Googles out as a big city in Urugay between Chile and Argentina and Brazil. Not much of a sailing community there or any laws or restrictions on anybody operating a business. You might say it business-wise it resembles Nigeria.

Have to disagree with the above. Montevideo and surrounding littoral of the River Plate has a thriving sailing community and some extremely smart "Club Nauticos". Uruguay is a gorgeous country - you do have to like beef though....they eat parts of the cow that I've never even heard of! Nothing like Nigeria at all....I've been to both...

Otherwise - excellent thread on Insurance! Tony

[gts1544]

We have a 1986 Beneteau Idylle 11.5 M Sloop that lives in Tortola, BVI, year round. She is insured for $55K hull with $500K liability by Caribbean Insurers Marine Limited of Road Town, Tortola at an annual premium of about $1850. The deductible doubles to about $5K during a named windstorm and our contract is governed under the laws of the BVI's and the UK. We have been with them for over 10 years and have been very happy with their service. Our only claim has been a stolen dinghy. gts1544 - George