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Old 16-01-2013, 12:51   #1
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Good Insurance Company ?!?!

Aloha All

CF is a great source of information of all kinds. As I am boat shopping I use CF all the time, thank you to all that contribute .

I thought it would make for a good thread to list cruisers opinions on the insurance companies that they use. Feel free to list pricing, coverage and cruising grounds this is a place where we can all save money. If you don't want to put your personal finance info out their just use %. If you have used a company that you don't recommend let us know but please be nice.

Hopefully this will make for a good list that we can all benefit from.
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Old 16-01-2013, 13:17   #2
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Re: Good Insurance Company ?!?!

International Marine Insurance Services
110 Channel Marker Way #200
Grasonville, Maryland 21638 USA

Phone: 410-827-3757 or
800-541-4647 toll free in USA & Canada

Fax: 410-827-3758
www.imis.pro
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Old 16-01-2013, 13:34   #3
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Re: Good Insurance Company ?!?!

Good insurance company?
Not Progressive ... inexperienced adjustors, difficult to work with, slow to pay claims.
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Old 16-01-2013, 13:37   #4
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Pantanius...
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Old 16-01-2013, 14:01   #5
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Pantanius...
x2 and they have now set up an office in aus.
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Old 16-01-2013, 14:06   #6
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Re: Good Insurance Company ?!?!

We also use Pantaenius and have for several years though we've never filed a claim. However, we did meet a cruising couple who lost their mast as they were approaching the Galopagos Islands. They returned to Ecuador where they wound up staying for a significant amount of time, with Pantaenius covering their expenses. When their new mast finally arrived, Pantaenius sent over two riggers from the UK to install it as they were concerned that there wasn't skilled riggers in Ecuador to do the job.

Whereas this is an interesting anecdote, we have found them to be very responsive in all of our communications. However, we do not find them to be inexpensive and for some of our blue water passages our premiums can approach US$6,000 annually for a 27 year-old boat. Granted, we have fairly comprehensive coverage that includes our dinghy and outboard. They have been very quick to send us credit when we've arrived in a port where we'll be staying for a long period of time.

Fair wind and calm seas.
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Old 16-01-2013, 14:19   #7
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Re: Good Insurance Company ?!?!

amphibious,

For insurance companies, a big vote for Markel....

For insurance brokers, another big vote for IMIS in Grasonville, MD....I've been a satisfied customer for the past 6 years....
(Talk to Rachel Sloan....)

Fair winds...

John
s/v Annie Laurie
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Old 16-01-2013, 14:42   #8
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For just local liability progressive's prices can't be beat. Depends what you want.
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Old 16-01-2013, 14:47   #9
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Re: Good Insurance Company ?!?!

Quote:
Originally Posted by Cotemar View Post
International Marine Insurance Services
110 Channel Marker Way #200
Grasonville, Maryland 21638 USA
Phone: 410-827-3757 or
800-541-4647 toll free in USA & Canada
Fax: 410-827-3758
www.imis.pro
I just renewed my insurance Monday. I have Markel though IMS and have had them for 5 years and 2 boats. I also got a quote via Boat US twice now and they were 2.5 times more.
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Old 16-01-2013, 15:03   #10
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Re: Good Insurance Company ?!?!

Quote:
Originally Posted by ElGatoGordo View Post
For just local liability progressive's prices can't be beat. Depends what you want.
I too have progressive for about a buck ten a year. For what I want it for, perfect!
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Old 16-01-2013, 15:11   #11
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Re: Good Insurance Company ?!?!

Our agent has been Blue Water (out of Jupiter FL) for years. They also have a west coast office. They write coverage for boats going to Cuba, Haiti and Columbia. They also get passage making and offshore boats kept out of the US. Very nice people. They have placed our policies with several companies, Lloyds, La Reunion (France) and Lemma (now bankrupt). We have never had to make a claim in 17 years so I can’t comment on how well claims get handled.

We pay about $4500/yr for $160,000 hull value with $500,000 liability and tender, uninsured boater and some medical and personal effects coverage. 28 year old boat.

Blue Water Insurance
1016 Clemons Street, Suite #404
Jupiter, FL, USA 33477
service@bluewaterins.com
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Old 17-01-2013, 11:11   #12
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Re: Good Insurance Company ?!?!

This is great thanks to all for posting their information.
I have calls out to lots of companies and I am starting to get quotes back.
Hopefully cruisers will contenue to post on here and it will make for a
small data base.
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Old 17-01-2013, 11:38   #13
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Re: Good Insurance Company ?!?!

I just changed from Acadia to Pantenius. Better, more comprehensive coverage, bigger cruising area and $600 less expensive. I do not like dealing with agents. I have always used Amica(no agents) for everything but they do not endorse live-aboard. I went with a local agent that set me up with Acadia and I have been paying a premium for lousy service from the agent. No complaints other than price from Acadia but I also never had a claim.

Exactly what is the purpose of an agent these days anyway?
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Old 17-01-2013, 12:10   #14
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Good insurance company?
Not Progressive ... inexperienced adjustors, difficult to work with, slow to pay claims.
Hmm...I have had the opposite experience with Progressive. I go thru a broker, I don't know if that makes a difference or not.
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Old 17-01-2013, 12:18   #15
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Re: Good Insurance Company ?!?!

Quote:
Originally Posted by Tim R. View Post
I just changed from Acadia to Pantenius. Better, more comprehensive coverage, bigger cruising area and $600 less expensive. I do not like dealing with agents. I have always used Amica(no agents) for everything but they do not endorse live-aboard. I went with a local agent that set me up with Acadia and I have been paying a premium for lousy service from the agent. No complaints other than price from Acadia but I also never had a claim.

Exactly what is the purpose of an agent these days anyway?
You should have an agent who can write all the best insurance plans. If the agent is good they will always be moving you to the best price/fit for where you are cruising. If you are not moving around a lot then this is less important.
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