We are currently cruising down in Central America
on our Catalina
470 (Hull #145).
When we left Mexico
, we changed to Pantaenus Insurance after getting qoutes from five different American and Foreign Insurances Companies.
The qoutes were all over the board with the high being Jackline for $7200 per year.
In addition, changing deductables and hurricane
restrictions will raise or lower your rates. Some companies offer a box of Lat and Long for hurricane
restrictions and others say get out of the Caribbean
all together. Obviously if you have a $500 deductible the annual premium will be higher than if you have a $4000 deductible.
Also make sure when you get the policy you have them indicate your vessel is insured during a Panama Canal Passage.
On a $355,000 hull
value with a $4k deductible we pay $2257 per year. This has a Hurricane exclusion zone from June 15th to Nov. 1st, which includes all of the Caribbean
Sea and Gulf of Mexico
. On the Altlantic side we have to be above 30.5 N during those times. They didn't put a hurricane restriction on the Pacific side.
The policy allows us to sail both sides of North & Central America
, Caribbean and Gulf of Mexico
down to 5 N Latitidue and up to 225 from the coast... This is a little deceiving since you can actually travel 450 ocean miles from point to point (i.e.: between islands)
Only other restrictions is can't go to Haiti
Contact me direct if you want more information or go to the C-470 Yahoo Group