CF members reviews of Pegasus Insurance

[lovinlifebda]

Hi, it is that time of the year for us to be renewing our insurance, we are full time liveaboards in the Caribbean. An article I was just reading recommended Pegasus. Did some google searchs for reviews and didn't come up with much, used the Google search in CF and found that Boatman61 recommended them back in 2011. Not finding anything on the internet is sometimes a good indicator as there are not piles of angry customers posting. Better yet would be personal experience that CF members may have had with Pegasus especially if you have had to deal with making a claim. Thanks Jim

[GordMay]

“... The Pegasus Group offered by far the best value. The policy was backed by Lloyds of London directly, cutting out the middleman insurance company, and has an excellent reputation and rating. The deductibles were much lower than our existing policy and all the other limits were comparable. In fact, the named storm deductible from Pegasus is lower than our regular deductible from IMIS! Lloyds offers deductibles as low as any company will go, standard hull deductible of 2% and a hurricane deductible of 4%. Most importantly, Consequential Damage was covered, there was no additional charge for being liveaboards, and there was no additional premium hike for staying ‘inside the box’ during Hurricane Season!! As an added bonus, Pegasus accepts surveys done anywhere from 3-5 years ago, instead of the typical 2-year maximum for new customers applying to other marine insurance agencies/companies. This was a huge factor for us because our last survey was dated July 2013 and we didn’t plan to haul out again until 2016 ...”

Excerpted from ➥ What Marine Insurance Companies Don't Want You To Know

[lovinlifebda]

Thanks Gord, Good find....Turns out this is the article that got me checking into Pegasus. She seems to have done a very good job of analysing insurance options and her posting is a very good read. Was hoping to hear from someone that has dealt with them. Just sent a PM to Boatman61. Thanks again.

Jim