Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 16-09-2015, 09:40   #1
Registered User
 
enjaku's Avatar

Join Date: Jun 2015
Location: Chicago, IL
Boat: Allures 45
Posts: 33
New to Boating Insurance

I'm purchasing our first "new-to-me" boat; a 2012, 45' aluminum hulled, lifting centerboard bad built in France. My issue is getting insurance for the boat. I placed a call to Boat US and they refused to cover me based on my lack of boating experience. Does anyone have any thoughts on this?

This is my first boat, and I understand that it's a rather large boat. Because of that, I've completed all of the ASA courses up through 105, as well as 118 (Docking Endorsement). I've spent a week sailing and sea-trailing the exact boat that I want to purchase. I've completed a Maritime Diesel Engine Course as well as a Maritime Electrical Course. I'm a retired military officer with about five years of small boat (<20') experience in the military. I'm an active Paramedic. I'm planning on taking Offshore Passagemaking with ASA (108) or possibly going out with John Kretschmer on a cruise if he can find room, as well as an SAS course. The boat will be sailed in the Great Lakes for only 8-months per year.

I've invested a ton of time/effort/money into my sailing education. What else do I need to do to qualify for insurance? Maybe Boat US isn't my best choice?
__________________

enjaku is offline   Reply With Quote
Old 16-09-2015, 12:05   #2
Registered User
 
Paul54's Avatar

Join Date: May 2015
Location: Neuse River, NC
Boat: 1984 Catalina 36
Posts: 129
Re: New to Boating Insurance

I recommend using Seaworthy insurance either directly or through Geico.
__________________

__________________
Paul
1984 Catalina 36
Paul54 is offline   Reply With Quote
Old 16-09-2015, 12:29   #3
Marine Service Provider

Join Date: May 2012
Location: New Orleans
Boat: We have a problem... A serious addiction issue.
Posts: 3,979
Re: New to Boating Insurance

You can certainly call around to different insurance companies, but I think you are going to find they are all going to be leery about insuring someone with minimal experience on a large expensive boat. What I would suggest is asking them directly what they want you to do, first to be willing to wright coverage at all, and then to drop coverage rates.

Most likely they will want some amount of time with a captain on board to provide professional guidance. I have acted in this capacity in the past, and it normally isn't a whole lot of time. A few weeks at the most to do a check out test, confirm your understanding of navigation and pilotage, even cover systems usage, ect. While a lot of people can make suggestions, you really need to hear if from the insurance companies.
__________________
Greg

- If animals weren't meant to be eaten then they wouldn't be made of food.
Stumble is offline   Reply With Quote
Old 19-09-2015, 16:10   #4
Senior Cruiser

Cruisers Forum Supporter

Join Date: May 2013
Location: Oregon to Alaska
Boat: Wheeler Shipyard 83' ex USCG
Posts: 2,065
Re: New to Boating Insurance

If you're boating the US and Canada, try https://www.hagerty.com

They do big old boats and many local brokers use them, but you can buy direct.

Get your boaters card. It wouldn't hurt to have some marine classes under your belt.
Lepke is offline   Reply With Quote
Old 19-09-2015, 23:03   #5
Registered User

Join Date: Feb 2014
Location: Sydney
Boat: Ross 780, Ovni 445
Posts: 21
Re: New to Boating Insurance

Hi Enjaku,
Interested to see how you go with getting insurance as i will be in the same boat (so to speak)
Love to know what boat you chose
Balance is offline   Reply With Quote
Old 29-09-2015, 14:43   #6
Registered User
 
enjaku's Avatar

Join Date: Jun 2015
Location: Chicago, IL
Boat: Allures 45
Posts: 33
Re: New to Boating Insurance

Today was "Insurance Day". I got several quotes from companies, and they all were $3,000/yr or less, which I felt was reasonable. All want a Skipper Endorsement, which again is reasonable. The decision is in the details now.
enjaku is offline   Reply With Quote
Old 29-09-2015, 16:27   #7
Registered User

Join Date: Feb 2012
Location: College Station, TX
Boat: Current wishlist: Boreal 44, Hylas 46, or Passport 470
Posts: 59
Re: New to Boating Insurance

Did you explore the possibility of liability only insurance? Did they have different requirements depending on coverage amount? I will face this issue as well and it may affect what boats I consider.

Sent from my SCH-I545 using Cruisers Sailing Forum mobile app
jrambo316 is offline   Reply With Quote
Old 29-09-2015, 17:35   #8
Registered User
 
jmiller148's Avatar

Join Date: Jul 2015
Location: SE Texas
Boat: Com-Pac 27
Posts: 17
Re: New to Boating Insurance

Quote:
Originally Posted by enjaku View Post
Today was "Insurance Day". I got several quotes from companies, and they all were $3,000/yr or less, which I felt was reasonable. All want a Skipper Endorsement, which again is reasonable. The decision is in the details now.
What are they calling a Skipper Endorsement?
jmiller148 is offline   Reply With Quote
Old 29-09-2015, 19:00   #9
Registered User
 
Nick & LA's Avatar

Join Date: May 2010
Location: Grenada, West Indies
Boat: Leopard 44' Catamaran
Posts: 64
Re: New to Boating Insurance

Expect around 1% of the agreed value ($5k for a $500k boat), less as you get more certified experience - but not by a lot.


Sent from my iPad using Cruisers Sailing Forum
Nick & LA is offline   Reply With Quote
Old 06-06-2018, 11:17   #10
Registered User

Join Date: Mar 2016
Location: St. Petersburg, FL
Boat: Twilight Zone
Posts: 6
Re: New to Boating Insurance

Though this thread is a bit dated, I wanted to add to it for the next "New to Boating Insurance" boater who comes across it.

We recently purchased (taking delivery tomorrow) a new model live-aboard boat that the builder mistakenly terms a trawler. I looked for insurance recommendations and found a few. I chose to go with Hugo at Hanham Insurance Agency. He found us a very good policy with great coverage at a great price and was very helpful along the way with a few 'tweaks' to the policy.

We were expecting to take delivery of our boat in February, go through a break-in period, work out the kinks and be well on our way up the east coast doing the Great Loop by now. The delay impacted our coverage (had to be north of 36th parallel by June 15) so, with Hugo's assistance, we went looking for another policy. He was extremely helpful in getting us a replacement policy. Once we had that new policy in place, Hugo worked to cancel the original policy and secured a full refund for us!

In this day and age, to experience such a wonderful level of customer service is indescribably refreshing. In short, check with Hugo at Hanham when you need a policy or advice.
Dtrombley is offline   Reply With Quote
Old 06-06-2018, 11:23   #11
Registered User

Join Date: Mar 2016
Location: St. Petersburg, FL
Boat: Twilight Zone
Posts: 6
Re: New to Boating Insurance

Oops!
I forgot the contact info for Hugo...

HANHAM INSURANCE AGENCY
Yachts, Boats, Marine

Hugo Hanham-Gross
T: +1 843 410 2990
E: hugo@hanhaminsurance.com
W: www.hanhaminsurance.com
__________________

Dtrombley is offline   Reply With Quote
Reply

Tags
boating, insurance

Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
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
New Northwest online boating magazine Compass Rose Meets & Greets 2 28-01-2009 11:51
New to Boating: Miami to Bimini LouMAR Meets & Greets 39 05-11-2008 18:15
New Fedí Rate - Implications for Boating GordMay Boat Ownership & Making a Living 3 20-09-2007 04:36



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 04:07.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.