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Old 07-08-2014, 12:25   #16
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Join Date: Dec 2013
Location: Paradise
Boat: Various
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Re: Insurance Costs for Caribbean

Excellent examples above of how it does work and all the different approaches. In our case, we live in Fort Lauderdale, so clearly boat is likely to be in Hurricane area and no promises as to what might be done. We did develop a hurricane plan but made it completely clear that we were not promising to follow all or any of that plan or to do anything. Funny thing is we also danced around things like larger deductibles and on our policy it made minuscule difference.

Funny, our initial quote said we warranted against freezing if we went above a certain line. We had that removed. But just shows if you're north they're concerned about hurricanes and south concerned you'll take it into freezing areas. Ours did include a payment into the Florida Hurricane Catastrophe Fund. We also suggested not covering our tender but found that to save zero so left it covered. We do have War coverage.

Rates don't remain constant. They vary significantly with size and age and value. An inexpensive boat is going to get a much higher rate than a higher priced one. You just have to play with it and work on it until you have what is most cost effective for you.

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Old 07-08-2014, 13:18   #17
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Join Date: Jul 2012
Boat: Tayana 58 DS
Posts: 661
Re: Insurance Costs for Caribbean

We have Pantaenius also -- and our cruising area includes the Caribbean. Hull coverage is 0.86% (per year) with a 1% deductible. Liability and war coverage extra. We warrant that we'll be north of 30.5 degrees between 15 July and 1 November. They might've written coverage to stay in the Caribbean during Hurricane season, but I didn't ask.

I've been very happy with Pantaenius.

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Caribbean, insurance, rib

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