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Old 17-01-2013, 12:47   #16
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Re: Good Insurance Company ?!?!

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Originally Posted by Reefmagnet View Post
x2 and they have now set up an office in aus.
And they are slow to do anything and refused at least two boats i am aware of in the last week or so after messing around for a few weeks. Not interested in one quarter tonner (26ft) and one 39 foot ex charter yacht, both in excellent condition and with survey reports, because they are on swing moorings in the Whitsundays.
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Old 17-01-2013, 12:50   #17
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Re: Good Insurance Company ?!?!

IMIS Jackline Policy. Older boat minimum crew wide insured area.++
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Old 17-01-2013, 13:06   #18
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Re: Good Insurance Company ?!?!

We are paying just under 2% of the insured value for the Caribbean waters, with named storm coverage. It would cost about a third less if we were to put her on the hard for the hurricane season. This is with NAGICO, through Northeastern Insurances in St Maarten.

I think we paid about 4 or 5% when we were in the South Pacific and Indian Oceans. We had much less experience at the time, and I wonder if it will be less expensive if we decide to be insured for those waters next time. I know of similarly inexperienced people on a larger boat (> 48') who were unable to get coverage for the South Pacific with a crew of 2. They had to take on a third person.
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Old 17-01-2013, 13:22   #19
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Pantaneus US will only insure vessels > 500k in value as of 2 months ago. They are a good company however, especially if you are non-US.


For world cruising, the UK insurers seem to be the best from my research. We use Royal and Sun Assurance (RSA) as they have the best total coverage I have ever seen, even cover wars and riots . In Colon, Panama, you never know when that might come in handy.
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Old 17-01-2013, 13:29   #20
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Re: Good Insurance Company ?!?!

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Pantaneus US will only insure vessels > 500k in value as of 2 months ago. They are a good company however, especially if you are non-US...
Not true. That only applies to vessels in the Caribbean during storm season.

They just bound my policy today for $218,500(hull, tender and personal effects) in the US with live aboard. Premium is $1,700 and i can sail the entire Canadian east coast and US east coast north of Florida and out to Bermuda.
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Old 17-01-2013, 13:49   #21
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Re: Good Insurance Company ?!?!

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Not true. That only applies to vessels in the Caribbean during storm season.

They just bound my policy today for $218,500(hull, tender and personal effects) in the US with live aboard. Premium is $1,700 and i can sail the entire Canadian east coast and US east coast north of Florida and out to Bermuda.
Glad to hear this, and I guess they provided a better explanation to you then me. My email back from them simply stated no vessel < 500k. There is another thread on here where someone reported the same thing. Perhaps now they are explaining the restrictions. They are a good company, and may well have used them ourselves if they provided coverage to us.
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Old 17-01-2013, 14:19   #22
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Re: Good Insurance Company ?!?!

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Glad to hear this, and I guess they provided a better explanation to you then me. My email back from them simply stated no vessel < 500k. There is another thread on here where someone reported the same thing. Perhaps now they are explaining the restrictions. They are a good company, and may well have used them ourselves if they provided coverage to us.
I have been dealing with Laurie Morrison and she has been awesome. You can reach her at lmorrison<at>pantaenius.com

Please let her know I referred you if you contact her.
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Old 17-01-2013, 14:30   #23
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Re: Good Insurance Company ?!?!

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I too have progressive for about a buck ten a year. For what I want it for, perfect!
What happens when they don't pay (like SAFECO)?
YOU can be personally sued.
Think about it.
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Old 17-01-2013, 15:24   #24
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Re: Good Insurance Company ?!?!

I don't read anyone having Boat US coverage and am thinking of switching from Progressive to them. Any comments?
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Old 17-01-2013, 15:31   #25
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Re: Good Insurance Company ?!?!

State Farm and Boat US came in with similar quotes, but Boat US wanted me to re-do the survey - not detailed enough! So I'm with State Farm now.

Progressive had the most ridiculously high quote with the poorest coverage.
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Old 17-01-2013, 16:26   #26
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Re: Good Insurance Company ?!?!

Boats US for 30 plus years and at least 15 different boats both power and sail.Have had 3 claim's.No personal injury's just damaged boat's 2 hitting sumerged object's in power boat's and a lighting strike in the Bahamas on a sailboat.Thay paid OK but the current rate's and some of the prievous post have me wondering.currently paying 2400.00 a year on a cabo Rico 38 60,000 replacement and 500,000.00 liability plus the psl effects 10,000.00 E coast US bahamas.Power boat a 25 ft Carolina Classic is a bargin 523.00 a year.
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Old 17-01-2013, 17:13   #27
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Quote:
Originally Posted by senormechanico

What happens when they don't pay (like SAFECO)?
YOU can be personally sued.
Think about it.
1) I've never heard of a problem with them paying, have you?

2) this is for ubber cheap liability to make a Marina happy, not for a high dollar boat or a person who had a lot of money to be sued for.

3) I'm getting what I pay for, which ain't much!
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Old 17-01-2013, 20:32   #28
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Re: Good Insurance Company ?!?!

Read my thread:

An Old Dufus Hit My Docked Boat

They not only refused my claim when their insured hit me, (and I had FOUR witnesses) but they also refused my neighbor's claim as well when their insured damaged their dock in the same incident.

To add insult to injury, their refusal letters for compensation for the damages included a very snarky paragraph which warned us of filing a false claim which they would prosecute to the fullest extent of the law!

F' em. SAFECO is a CRAP COMPANY !!!!!!!!!
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Old 17-01-2013, 21:32   #29
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Quote:
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F' em. SAFECO is a CRAP COMPANY !!!!!!!!!
I remember that thread...sucks for sure. Did you sue? If not, I'm sure there's a reason. But I've never mentioned SAFECO....confused...is it the same company as Progressive? Strange, and all too frequent on CF, way of attacking others.
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Old 17-01-2013, 21:41   #30
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Re: Good Insurance Company ?!?!

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For just local liability progressive's prices can't be beat. Depends what you want.
I'm with Progressive but it's only a liability policy. There's change from $200 so the price is good. The zone is only Mexico - USA - Canada.
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