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Old 13-08-2012, 00:11   #1
TJB
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Bluewater Insurance

Can anybody recommend an insurance company to insure a 46ft Production Cat for world cruising. Sth Pacific, Carribean, Med, etc.

Best of all, who to avoid.....

Just got a quote of US$8,000, which seems a bit high considering we are only visting relatively safe places.

Thanks
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Old 13-08-2012, 01:06   #2
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Re: Bluewater insurance

Assuming you are not a "single-hander" - I would suggest looking into I.M.I.S. in Annapolis area - see: International Marine Insurance Services

Ask about their "Jackline" policies. A lot of serious long term "couple" cruisers use this policy. Although if you are based elsewhere than North America, you might try some of the European outfits mentioned in numerous CF threads.
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Old 13-08-2012, 03:02   #3
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Re: Bluewater insurance

Hi, no I am in Australia. I havn't been able to find any other Insurance threads... Cheers Thomas
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Old 13-08-2012, 04:25   #4
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Re: Bluewater insurance

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Originally Posted by TJB View Post
Hi, no I am in Australia. I havn't been able to find any other Insurance threads... Cheers Thomas
Hi Thomas
$8000 is way too much, more like under $2000 certailnly for the Med it is.
Here are a couple of links that might help:
http://www.pantaenius.co.uk/en/home.html
www.insurancemarine-online.com

and let Google be your friend
www.google.com

Nice photo of your boat and a great design as I looked long and hard and considered the Bahia before I settled on the Belize.
I am in Australia and the boat is currently in the Med hence the quotes I have been gathering.
Good luck hope to catch up one day
Wayne


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Old 13-08-2012, 05:10   #5
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Re: Bluewater insurance

Admiral in the UK. Yacht Insurance, Boat Insurance, Marine Insurance Quotes The MD is a cat owner and has cruised extensively. Was happy for my wife and I to do a round the world with just two aboard. Don't know how much they'll quote you but pretty sure it'll be less than AUS$8000.
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Old 13-08-2012, 05:15   #6
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Re: Bluewater insurance

Hi Wayne

I have just insured a new yacht for $4400 through Trident Insurance in Perth. I found them easy enough to deal with, asking far fewer silly questions than all the other companies.
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Old 13-08-2012, 06:17   #7
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Re: Bluewater insurance

Hi - We are currently cruising Portugal and the Med etc from the US and went with Pantaenius out of New York. They are a German company, I think. We found their rates and conditions very easy to deal with - very professional.
John
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Old 13-08-2012, 07:08   #8
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Re: Bluewater insurance

If you want even more CF references to insurance click on "Search" at the top bar of the page and then type in "Insurance" in the block and click on "Posts." You will get a ton of postings containing the word "insurance."
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Old 13-08-2012, 07:41   #9
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Is there any reservations or restrictions on using an international insurance company? By international I meant another country other than the one you are in. If you are sailing os it wouldn't matter would it?
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Old 13-08-2012, 08:11   #10
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Re: Bluewater insurance

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Is there any reservations or restrictions on using an international insurance company? By international I meant another country other than the one you are in. If you are sailing os it wouldn't matter would it?
None I know of, my boat was built in SA, US Registered, currently lying Panama, and insured by a British company.
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Old 13-08-2012, 18:59   #11
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Re: Bluewater Insurance

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Is there any reservations or restrictions on using an international insurance company? By international I meant another country other than the one you are in. If you are sailing os it wouldn't matter would it?
In one circumstance it might matter a whole lot - that is, when you have a loss and the insurance company balks or doesn't want to pay your claim. Then you have to sue in the home country of the insurance company - not your home country.

There have been a number of instances when cruisers with insurance from a company that is based in a 3rd World or other unusual place have found out that their claims will not be paid and there is just about nothing that they can do about it. All the years of premiums were basically for nothing.

So chose your insurer carefully and look at their record and where they are based and whose laws they are subject to when it comes to financial matters. Sometimes the company with the "cheapest" rates is not the best choice.
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Old 14-08-2012, 04:40   #12
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Re: Bluewater Insurance

Trident Insurance in Perth.

I had heard good things and I also believe that Mr. B used Trident for his insurance they paid out successfully.
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