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Old 03-09-2016, 19:43   #1
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Join Date: Jul 2013
Location: Melbourne
Boat: Designer 46ft Cat
Posts: 13
International boat insurance... Ohhh my goodness!!!

Ok... International yacht Insurance... what a mine feild.
I have a cat... lying in Indonesia... in a marina that is ran by an Expat and his native born family ...the marina has a very good name, under 24 hr monitoring, very well respected.... I could not be happier... and or sleep better at night knowing she is... where she is.

Yes... she is on a swing mooring with a northerly aspect to the open ocean... very well protected from all but the North.... but it is rare.... very very rare... that Northerlies create any problems..... and there is history to support this claim

She is in 18 mts of water... with a mooring that is inspected every year.

Now... the issue!!

I am looking to get insurance for her..... It might be easier to get blood from the proverbial stone!!
I have insurance already... and have had it for the last 5 years... no issue with them... but... I have emailed 9 times... and am yet to get a response... it is a German company... so I thought it would be good to get an Aus company... nothing short of impossible with larger amounts of absolute rudeness and pinches of.... "Why should we" thrown in for the added "salt" to the wound.

Tried to explain to one gent who shouted me down on the phone with nothing more than absolute distain in his voice... all I was looking for was guidance through the obstacle course called Marine insurance.... and yes... his company in WA is well known!!

if this is what service is about... I need to re-educate my employees to this low standard.
All I can hope... is that he was having a bad hair day!!!

So the question to the greater populous is...
Where do you get your International Cruising insurance from????

No.. we are not subject to Piracy in these waters... Yes... we are located in an area that has other cruisers pull in from time to time... this is a very well known stop over for many.
I have a boatman who is on board once a week to clean and ensure her soundness...

Yes.. I have had a claim in the last 5 years... nearby lightning strike took out 7 yachts close to me in the gulf of Thailand....The repairs were to the navigational / communications systems only .... and were professionally completed.... there were no hull / superstructure repairs needed... and yes we did haul her out of the water and carefully inspected her... by an Expat who was deemed to be an "expert" in this field.

So... please explain as to why I cannot get insurance without having to go overseas...??... I lose not only giving work to Aussies... but on the exchange rates as well!!

If anyone can suggest a good broker.... or company.... I would be grateful.
KD on Tropic is offline   Reply With Quote
Old 03-09-2016, 22:48   #2
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Join Date: Feb 2011
Location: Singapore
Boat: Nautitech 40 (2005)
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Re: International boat insurance... Ohhh my goodness!!!

Your comment about a lightning claim rang a bell. My previous yacht was a 1960's Cheoy Lee and I suffered lightning damage in Singapore. With hindsight, I was probably stupid to make a claim. Perhaps like you, I thought that there was clearly no question of 'blame' or 'fault' on my part and therefore I would not be penalized in future. However, the following year, when I tried to renew the cover, I was told that the yacht was too old. It was not a significant round number anniversary in age (something like 37 years as I recall) and later I realized that I was effectively being targeted as high risk. The insurance companies will never admit that they do this. Instead they find another reason to exclude you.
chris in SG is offline   Reply With Quote
Old 04-10-2016, 03:07   #3
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Join Date: Sep 2016
Location: Spain
Posts: 6
Re: International boat insurance... Ohhh my goodness!!!

Whilst it is always nice to shop in your home country sometimes particularly with marine insurance you can get better deals overseas and coverage anywhere in the world without having to consistently change insurers. its always worth a look online to see whose out there, and to be honest I don't think I'd insure with someone who treated you like that over the phone when you are just looking for a quotation and help. If that's the service you get when trying to give them business what would it be like if you came to make a claim.
Malcolm66 is offline   Reply With Quote


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