Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 11-08-2016, 10:50   #16
Registered User
 
DeviantM's Avatar

Join Date: Aug 2015
Posts: 39
Re: Boat insurance with no boat experience?

hkkelton oh? good to know, we will go check out that boat safety course. thank you.

sailorboy1 thank you.

kentobin, we will be liveaboards as well so far non have asked about currently having insurance or previous insurance. Hope we dont run into additional issues.
__________________

__________________
Salty Kisses and Sea Shell Wishes
DeviantM is offline   Reply With Quote
Old 11-08-2016, 12:03   #17
Registered User
 
Cotemar's Avatar

Join Date: Dec 2007
Boat: FP, Helia 44 Evo
Posts: 5,354
Re: Boat insurance with no boat experience?

DeviantM,

Here is a few insurance companies to try.

IMIS (International Marine Ins. Services)
110 Channel Marker Way, Suite 200
Grasonville, MD 21638
Fax 443-926-0580
e-mail SusanW.IMIS@gmail.com
IMIS Customer Service: 410-827-3757
----------------------------
Bill Hodgens - WR Hodgens of Marine Insurance Inc.
---------------------------
Susan Everhard - Global Marine Insurance Agency.
------------------------------
Kolisch Marine Insurance
1020 Bayamo Avenue
Coral Gables, FL 33146
Joe Kolisch e-mail: joe@kolisch.net phone: 888-666-2250
Bill Porter e-mail: bill@kolisch.net phone: 888-666-2250 ext. 2
Fax: 305-424-9358
kolisch
----------------------------
Kent Urbine
The Pegasus Group
1350 County Rd. One#270
Dunedin, FL 34697
336-280-4312 Phone
336-510-9442 Fax
thepegasusgroup@outlook.com Email: KentThePegasusGroup@outlook.com
Caribbean|Florida|Yacht|Insurance|Boat|The Pegasus Group

__________________

__________________
Cotemar is offline   Reply With Quote
Old 11-08-2016, 12:51   #18
Registered User

Join Date: Aug 2016
Location: Portland, OR
Boat: 40' Bayliner Bodega
Posts: 33
Re: Boat insurance with no boat experience?

We're exploring the liveaboard option, as first-timers. My husband took the state approved/required marine course and he has probably 5 years of boating experience/ownership. But, I am initially finding some resistance to insurance. We're presently looking at an '88 37' Chris-Craft. It seems that the mention of liveaboard is a problem, as well as some resistance to increasing the coverage on personal items. We're in Oregon and insured with Safeco for auto and home. Any input would be welcome. Thanks!
__________________
pdxgrl33 is offline   Reply With Quote
Old 11-08-2016, 13:17   #19
Registered User

Join Date: May 2014
Boat: Morgan Out Island 41
Posts: 589
Images: 2
Re: Boat insurance with no boat experience?

Quote:
Originally Posted by pdxgrl33 View Post
We're exploring the liveaboard option, as first-timers. My husband took the state approved/required marine course and he has probably 5 years of boating experience/ownership. But, I am initially finding some resistance to insurance. We're presently looking at an '88 37' Chris-Craft. It seems that the mention of liveaboard is a problem, as well as some resistance to increasing the coverage on personal items. We're in Oregon and insured with Safeco for auto and home. Any input would be welcome. Thanks!
Initially you are "cruising" as it likely during the first few months you will be using the boat to visit alot of anchorages and other marinas, correct?

I never understand why "livingaboard" is a problem for insurance, if anything you should get a break as you're on the boat all the time
and are more likely to be around and protect it from fire/sinking/theft!!
__________________
pcmm is offline   Reply With Quote
Old 11-08-2016, 13:26   #20
Registered User

Join Date: Aug 2016
Location: Portland, OR
Boat: 40' Bayliner Bodega
Posts: 33
Re: Boat insurance with no boat experience?

Quote:
Originally Posted by pcmm View Post
Initially your "cruising" as it likely during the first few months you will be using the boat to visit alot of anchorages and other marinas, correct?
Initially we'll be docked in a Marina, as we're still working full-time. This would be our first liveaboard, so we're in the research and education process for this lifestyle change. I'd heard that insurance can be tricky for liveaboard. Just seeking input from those who are living it. Thanks!
__________________
pdxgrl33 is offline   Reply With Quote
Old 11-08-2016, 13:41   #21
Registered User
 
DeviantM's Avatar

Join Date: Aug 2015
Posts: 39
Re: Boat insurance with no boat experience?

Thank you Cotemar
__________________
Salty Kisses and Sea Shell Wishes
DeviantM is offline   Reply With Quote
Old 11-08-2016, 14:21   #22
Registered User

Join Date: May 2015
Posts: 2
Re: Boat insurance with no boat experience?

Try off shore risk management ..ORM..Theresa McNeill...we have a new to us boat in the bvi...40 ft..and little experience..
__________________
Trellis bay is offline   Reply With Quote
Old 12-08-2016, 10:20   #23
Registered User
 
DeviantM's Avatar

Join Date: Aug 2015
Posts: 39
Re: Boat insurance with no boat experience?

Thank you Trellis Bay
__________________
Salty Kisses and Sea Shell Wishes
DeviantM is offline   Reply With Quote
Old 13-08-2016, 02:00   #24
Registered User
 
thruska's Avatar

Join Date: Jan 2014
Location: cruising / rv
Boat: 1969 Columbia28, 1970 Paceship Cruisette20, 1984/2016 Horstman TriStar36
Posts: 259
Images: 8
Re: Boat insurance with no boat experience?

Thanks DeviantM for posting the thread.
Insurance companies have some strange and asinine questions and policy. But they're playing the odds on statistics. Statistics can be made to work both ways. Lawyers know that.
Rv insurance is similar to boat insurance. As soon as you mention full time they flinch and jack your rates. All kinds of new questioning arises. They invent new charges, it's called "creative billing".
We've run into the same issue. Regardless of certifications and experience agents will balk at coverage.
First off we found that we can ask the agent what their length of experience is at writing boat insurance. That narrows the field quickly. You want somebody with experience. You can also try to reason with the agent . ��
All in all , it depends on where you live, where you are going with your boat, how long are you going to be there? Whether you are in hurricane zones in hurricane season really puts a kiabosh on terms and rates. If it home built , OMG ! And size matters.

A question I have is: has anyone ever gotten two insurance companies for coverage overlapping. My dad used to do that in the family business. He would get two companies to get the actual worth coverages when one company would not insure full value. For instance , when you are working with small town mutual companies. Just curious...
Thanks
__________________
thruska is offline   Reply With Quote
Old 13-08-2016, 18:05   #25
Registered User
 
DeviantM's Avatar

Join Date: Aug 2015
Posts: 39
Re: Boat insurance with no boat experience?

TY Thruska, good tips. We will be doing well to get 1 insurance company lol but thats not a bad idea.
__________________
Salty Kisses and Sea Shell Wishes
DeviantM is offline   Reply With Quote
Old 13-08-2016, 19:58   #26
Registered User
 
thruska's Avatar

Join Date: Jan 2014
Location: cruising / rv
Boat: 1969 Columbia28, 1970 Paceship Cruisette20, 1984/2016 Horstman TriStar36
Posts: 259
Images: 8
Re: Boat insurance with no boat experience?

Quote:
Originally Posted by DeviantM View Post
TY Thruska, good tips. We will be doing well to get 1 insurance company lol but thats not a bad idea.
I'm sure we can find some reputable agents. Just as we should be able to find a reputable lawyer. Of course that being said , the word reputable now gains several connotations. Ouch !

I've had a bad experience with Prgressive on a violent ungrounding incident by Seatow. Now Seatow is also insurance. Argued with progressive, went thru the 'are you living on the boat' thing with them. Under the table dealings with Bennet boat repair and adjustor. Had four adjusters involved , two surveyors hired by ins(bad sign) they said our boat was not seaworthy ! Our surveyors argued the point and showed several outright lies and mistakes . Arbitration was declared. Progressive gets to walk from arbitration leaving us sit. The law works for them not us.
And a good experience overall with Allied/Nationwide in an rv claim. They started with we will give you a check and you can take where you like. I said where is your approved repair facility ? Glad I did as the actual claim was over 5000 difference ! I'm not kidding.

Oh the humanity !
__________________
thruska is offline   Reply With Quote
Old 14-08-2016, 00:23   #27
Senior Cruiser
 
Jim Cate's Avatar

Cruisers Forum Supporter

Join Date: May 2008
Location: cruising SW Pacific
Boat: Jon Sayer 1-off 46 ft fract rig sloop strip plank in W Red Cedar
Posts: 10,037
Send a message via Skype™ to Jim Cate
Re: Boat insurance with no boat experience?

From a different point of view: I would not particularly want to be insured by a company that would insure new, inexperienced owners of large boats. that attitude means overall greater claim rates, and thus higher premiums for everyone, including the skilled folks who are not likely to generate many claims.

Similarly, I would avoid companies with large exposure in the Caribbean. Those pictures of boat soup in the leeward corners of marinas and anchorages loom large in my memory... someone has to pay for all those claims, and IMO it shouldn't be someone who leaves cyclone areas in the season in order to reduce risk to boat and crew.

Rant over.

Jim
__________________
Jim and Ann
s/v Insatiable II, back in Hobart for slipping and other unpleasant activities.
Jim Cate is online now   Reply With Quote
Old 14-08-2016, 08:52   #28
Registered User
 
thruska's Avatar

Join Date: Jan 2014
Location: cruising / rv
Boat: 1969 Columbia28, 1970 Paceship Cruisette20, 1984/2016 Horstman TriStar36
Posts: 259
Images: 8
Re: Boat insurance with no boat experience?

Quote:
Originally Posted by Jim Cate View Post
From a different point of view: I would not particularly want to be insured by a company that would insure new, inexperienced owners of large boats. that attitude means overall greater claim rates, and thus higher premiums for everyone, including the skilled folks who are not likely to generate many claims.

Similarly, I would avoid companies with large exposure in the Caribbean. Those pictures of boat soup in the leeward corners of marinas and anchorages loom large in my memory... someone has to pay for all those claims, and IMO it shouldn't be someone who leaves cyclone areas in the season in order to reduce risk to boat and crew.

Rant over.

Jim
I can't imagine insurance companies regularly divulge how many and what kind of boat and boaters they insure.
As far any large exposure numbers in Caribean, I'm sure the bean counters watch those numbers closely.
Incidentally, I suspect the points you make are certainly taken into consideration by insurers. Thus the exorbitant rates for some newbies in large or small boats wherever they are located.
Gee I'm surprised we don't have some retired agents piping in here on policies of policies. .??
__________________
thruska is offline   Reply With Quote
Old 04-10-2016, 03:41   #29
Registered User

Join Date: Sep 2016
Location: Spain
Posts: 6
Re: Boat insurance with no boat experience?

Different insurers take a different view of the risks they wish to take. All have actuaries working out premiums for different risks and then they offer better rates for their selected target market hence the huge differences in premiums between companies for exactly the same risk. There are companies that are happy to take on Newbies and as they gain in experience and hopefully do not claim they will earn no claims bonus's which will then bring their premiums down. Everybody has to start somewhere.
__________________

__________________
Malcolm66 is offline   Reply With Quote
Reply

Tags
enc, insurance

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
No insurance, no survey - no survey, no insurance cyclepro General Sailing Forum 45 15-08-2016 06:00
Canadian Life insurance and health insurance tmoandj General Sailing Forum 22 23-06-2016 18:57
Able Maritime Yacht Insurance and Sunderland Marine Insurance Arcticsailor Dollars & Cents 0 17-03-2014 09:56
Blue Water Insurance + Med Insurance Trish Affleck Rules of the Road, Regulations & Red Tape 1 01-04-2013 00:28
Topsailinsurance / GH Insurance - Any Experience with Claims? nelson_dk Dollars & Cents 1 22-02-2010 19:31


Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 21:25.


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.