Cruising Without Insurance

mestrezat · 23-10-2009, 07:47

We will be making the jump to Mexico in a few weeks and have carried insurance on our boat since we bought her two plus years ago. I've checked with my carrier(BoatUS) and they want a big amount of money to insure us in Mexico. About $115 every two weeks(as a rider to the price I am already paying which is not cheap) for the duration we will be there plus upping my deductible to 2% from 1%. Plus. they will only cover me till February of 2010. I've checked with other companies and have received quotes of from $1991 to $3500 for a years worth of insurance from other companies here in the US.

I have carried insurance since most marinas require proof of it to even get a slip all the way down the coast. I know I am required to have "Mexican" insurance to cruise in Mexico and the prices I have found ar less than a third of what BoatUS has quoted me. I would have no problem with having it since it is so reasonable.

Is there a problem dropping my BoatUS insurance once I'm out of the US and just having "Mexican" insurance? Do I need to have proof of insurance once I get to other countries as I cruise?

slacker · 23-10-2009, 08:59

If you plan on staying in a marina while in Mexico you will need liability insurance, but thats all. We pay under $200.00 per year for basic coverage. They dont seem to care how much liability you carry as long as you have the paper. We have had good luck with www.mexpro.com.

Mike
SV Slacker
Mazatlan, Mx

John A · 23-10-2009, 09:27

I can only speak about Mexico, Central America, and the Caribbean. If your boat is paid for, then all you need worry about is marinas. If your boat is not paid for then your lender will arrange insurance for you, for a fee.
Some places, St. Barths is one, will require you to sign a form acknowledging your responsiblity.

sded · 23-10-2009, 10:02

You can get inexpensive Mexican Liability Insurance even online at places like https://sb.iigins.com/mexico-wc/quot...&lang=&agtdst= and just print out copies of your policy. Many marinas want this, and if you have an accident the Port Captain will want to see it or hold your boat until things are settled. But it is just liability, and doesn't cover any damage to your boat; thus pretty inexpensive. I never heard of anyone being interested in your hull insurance in Mexico unless you were getting a repair done.

23-10-2009, 07:47	#1
mestrezat Registered User Join Date: Jul 2007 Location: On board Boat: Shin Fa 458 Custom Cutter Posts: 97	Cruising Without Insurance We will be making the jump to Mexico in a few weeks and have carried insurance on our boat since we bought her two plus years ago. I've checked with my carrier(BoatUS) and they want a big amount of money to insure us in Mexico. About $115 every two weeks(as a rider to the price I am already paying which is not cheap) for the duration we will be there plus upping my deductible to 2% from 1%. Plus. they will only cover me till February of 2010. I've checked with other companies and have received quotes of from $1991 to $3500 for a years worth of insurance from other companies here in the US. I have carried insurance since most marinas require proof of it to even get a slip all the way down the coast. I know I am required to have "Mexican" insurance to cruise in Mexico and the prices I have found ar less than a third of what BoatUS has quoted me. I would have no problem with having it since it is so reasonable. Is there a problem dropping my BoatUS insurance once I'm out of the US and just having "Mexican" insurance? Do I need to have proof of insurance once I get to other countries as I cruise?

23-10-2009, 08:59	#2
slacker Registered User Join Date: Nov 2006 Location: San Diego and Mazatlan Boat: Gulfstar 37 "SLACKER" Posts: 57	insurance If you plan on staying in a marina while in Mexico you will need liability insurance, but thats all. We pay under $200.00 per year for basic coverage. They dont seem to care how much liability you carry as long as you have the paper. We have had good luck with www.mexpro.com. Mike SV Slacker Mazatlan, Mx

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23-10-2009, 09:27	#3
John A Registered User Join Date: May 2009 Location: Vancouver, Wash. Boat: no longer on my Cabo Rico 38 Sanderling Posts: 171	I can only speak about Mexico, Central America, and the Caribbean. If your boat is paid for, then all you need worry about is marinas. If your boat is not paid for then your lender will arrange insurance for you, for a fee. Some places, St. Barths is one, will require you to sign a form acknowledging your responsiblity.

23-10-2009, 10:02	#4
sded Registered User Join Date: May 2006 Location: San Diego Boat: J40 #33 since 1987 Posts: 37	You can get inexpensive Mexican Liability Insurance even online at places like https://sb.iigins.com/mexico-wc/quot...&lang=&agtdst= and just print out copies of your policy. Many marinas want this, and if you have an accident the Port Captain will want to see it or hold your boat until things are settled. But it is just liability, and doesn't cover any damage to your boat; thus pretty inexpensive. I never heard of anyone being interested in your hull insurance in Mexico unless you were getting a repair done.