Originally Posted by Coachbolt61
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.