After a LOT of Googling, blog reading and other searching I still haven't found a source for homebuilt catamaran insurance
, so posting
We are looking at possibly building a 12m cat - over two years I have narrowed the search down to two well known designers - priced builds, etc... So far so good...
The question I cannot find a clear answer for is; who currently insures homebuilt cats in US waters ? During construction, and after launch.
I know there are lots of variables on insurance
- just obtaining ANY coverage seems to be more the issue than the coverage details at the moment....
Private - no USCG cert. needed, but build will be documented and surveyed during / after construction - seems to be a requirement for coverage. Would building it to USCG criteria make it much easier to insure?
Materials - ply/epoxy or foam/glass - I have seen written blog comments that foam/glass is easier to insure than wood - but nothing in writing yet from any insurance company - anyone have a source or definitive answer on this comment?
Coverage afloat - assume third party/liability only for marina needs - anything else will be a bonus - I'd like to have add'l inurance, but I would have to be marina complaint at a minimum.
Coverage area - US/Bahamas initially - further 5+ years from now?
I know there must be homebuilt cat owners who have solved
this - somehow? -
after many calls to insurance companies I'm getting more disheartened than encouraged on this part of the self build concept
- Might even be a self-build deal killer
This has recently become way more of an issue since almost all? marinas
now require third party insurance at a minimum - from what I see.
Appreciate if this thread could stay on track - I didn't post this because of the AeroRig Wharram
that broke up
No - I'm not looking at building a Wharram
If you have obtained insurance for a homebuilt cat sailing in US or other waters I'd appreciate your thoughts/input - or just the contact info for your insurance company so I could investigate coverage through them...