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14-01-2011, 16:14
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#16
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Registered User
Join Date: Feb 2010
Location: Annapolis
Boat: PAE, Mason, 44 - Music
Posts: 193
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Mine is with BoatUS. I don't understand why insurance companies do this. Where I am, the live aboard boats are well maintained. Last winter, the 3 boats that sank were all neglected boats with land based owners. Live aboard owners can't neglect their boats since they have to live on 'em.
Banks also charge higher interest rates for live aboard owners, don't understand that either.
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14-01-2011, 16:17
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#17
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cruiser
Join Date: Jan 2010
Posts: 1,129
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great point, in fact my homeowners insurance wont cover water damage from plumbing leaks if the house is un occupied... as there would have been someone there to shut the water off faster ... i guess?
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14-01-2011, 16:49
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#18
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Registered User
Join Date: Jul 2010
Location: On Board, just above the water
Boat: Camano Troll 31'
Posts: 1,201
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How was your hull value arrived at?
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14-01-2011, 17:01
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#19
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Registered User
Join Date: Aug 2008
Location: guam
Boat: 30ft-Acen
Posts: 168
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insurance and banks only care about the $$$ its just one giant scam you have to pay in to
or your in trouble.
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14-01-2011, 17:35
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#20
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cruiser
Join Date: Jan 2010
Posts: 1,129
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Quote:
Originally Posted by ShadowRWolf
stay on topic.....
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hmmmm
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14-01-2011, 17:54
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#21
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Registered User
Join Date: Aug 2008
Location: guam
Boat: 30ft-Acen
Posts: 168
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Quote:
Originally Posted by Bergovoy
hmmmm
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shhh this is page 2 got plenty of ancers on page 1
now its time to have fun.
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14-01-2011, 18:05
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#22
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cruiser
Join Date: Jan 2010
Posts: 1,129
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ok, cool, lets trash the place!!!! hehehehe
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14-01-2011, 19:11
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#23
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Registered User
Join Date: May 2010
Location: Sydney Australia
Boat: Fisher pilothouse sloop 32'
Posts: 3,416
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Quote:
Originally Posted by Bergovoy
ok, cool, lets trash the place!!!! hehehehe
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ROFL Love it, absolutely love this place.
Rob
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14-01-2011, 20:08
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#24
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֍֎֍֎֍֎֍֎֍֎
Join Date: Apr 2006
Posts: 15,136
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"Banks also charge higher interest rates for live aboard owners, don't understand that either."
That's easy. Bank loan officers and banking policy all go by actuarial tables and statistics. Their numbers say that if you don't have substantial ties to a community, you're a higher risk. If all you have to do is slip the lines and vamoose, you're a higher risk again.
No house? No rented brick and mortar? So, you're not part of a fixed community and you're considered to be a free soul who's probably a higher risk. And you get charged more.
It may or may not be true statistically, it may or may not apply to you. But according to their numbers, you're a higher risk so they charge you more.
A local credit union or other source that pays more attention to who you are as an individual may give you a better rate. The Bedford Falls Mutual Building & Loan comes to mind.
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28-01-2011, 19:26
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#25
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Registered User
Join Date: Jun 2008
Location: Circumnavigating, currently in Turkey
Boat: Ex Salina 48, now Lagoon 380
Posts: 399
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What about health insurance?
We got our liveaboard insurance with Pantaneus through IMIS.
We found IMIS very professional and while in Greece I had some problem with the local capitanerie, called Pantaneus in the UK and within 10min there was a fax fixing our little problem.
Any suggestions for liveaboard health insurance?
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30-01-2011, 03:54
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#26
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Marine Service Provider
Join Date: Jul 2007
Location: still cruising after 18 years
Boat: MaineCat Catamaran 41'
Posts: 534
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We also sell life insurance for any cruiser who will be outside the USA for 6 months or more per year. The quotes are all done on line- just go to IMIS Online Services and scroll down to the International Helath Plans.
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30-01-2011, 04:02
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#27
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cruiser
Join Date: Jan 2011
Posts: 158
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u broker?
Quote:
Originally Posted by TabbyCat
We also sell life insurance for any cruiser who will be outside the USA for 6 months or more per year. The quotes are all done on line- just go to IMIS Online Services and scroll down to the International Helath Plans.
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-interested in "midland" 20 yr level premium guaranteed past 100 and weather you deal this product or can tell me wno does
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02-02-2011, 07:47
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#28
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Registered User
Join Date: Nov 2010
Location: Jacksonville Florida
Boat: 1972 Tartan 34C Fleur De Mer
Posts: 141
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I learned the Hard way that Progressive doesnt insure liveaboards so now I use Boat U.S. They did require a new survey when I established the policy though.
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20-05-2013, 00:55
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#29
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Registered User
Join Date: May 2013
Posts: 1
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Re: Liveaboard Insurance
Dear, I just registered as I saw your post, we have a lot of liveaboards as customers, especially in Asia.
DNAYachtinsurance.asia
Please let me know if you have any questions.
Kind regards,
Michel
Quote:
Originally Posted by ShadowRWolf
ok so i have been calling around the big named insurance providers
and it looks like none of them will provide insurance to a liveaboard
so question is,
say its a pleasure craft thing and avoid that problem
or is there some company out there that everyone is using?
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10-08-2015, 11:48
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#30
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Registered User
Join Date: Nov 2008
Location: Green cove springs
Boat: Freedom 45
Posts: 77
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Re: Liveaboard Insurance
Quote:
Originally Posted by GeoPowers
We recently switched from Progressive to IMIS. While reviewing my policy I noticed my Progressive policy excluded liveaboards! (it pays to read the thing, I guess!) In spite of past CW on the web when I contacted them they said they no longer cover liveaboards.
I couldn't be happier, though. I now have much better coverage with about 2/3 the cost!! My policy has most of the benefits of house insurance. They are well worth a look/quote.
Frank
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we cant find imis
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