Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 07-08-2014, 13:25   #16
Registered User

Join Date: Dec 2013
Location: Paradise
Boat: Various
Posts: 2,360
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.
__________________

__________________
BandB is offline   Reply With Quote
Old 07-08-2014, 14:18   #17
Registered User

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.
__________________

__________________
accomplice is offline   Reply With Quote
Reply

Tags
Caribbean, insurance, rib

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
New Boat Age Insurance Costs zenkayaker Our Community 2 01-03-2012 17:49
Insurance Costs by Percentage of Boat Value stevensuf Dollars & Cents 3 29-08-2011 19:21
Unreal Insurance Costs for Mexico ! Charlie Dollars & Cents 13 22-08-2009 13:45
Insurance costs Rhosyn Mor Dollars & Cents 1 19-06-2009 23:37
Maintanence and Insurance Costs FreeMason Monohull Sailboats 15 26-08-2008 18:42



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 16:27.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.