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Old 26-08-2016, 09:10   #16
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Re: Shopping for insurance - admit it's a liveaboard or not?

I also don't remember any question about living aboard. Navigation limits, Yes. Boat info and condition, Yes. Location where it will be kept, Yes. I would think as long as you answer all the question on the application truthfully, you are fine.
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Old 26-08-2016, 09:23   #17
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Re: Shopping for insurance - admit it's a liveaboard or not?

Be honest. I had to make a claim many years ago and my insurer, "Towergate", was amazing, paid everything. Unfortunately now being singlehanded and circumnavigation get it can only obtain 3rd party insurance and that with Pantaenius who i have had no experience of making a claim. But if I do at least they know everything.

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Old 26-08-2016, 09:31   #18
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Re: Shopping for insurance - admit it's a liveaboard or not?

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Originally Posted by JimsCAL View Post
I also don't remember any question about living aboard. Navigation limits, Yes. Boat info and condition, Yes. Location where it will be kept, Yes. I would think as long as you answer all the question on the application truthfully, you are fine.
Navigation limits that change depending upon the time of year are more important to insurers than live aboard status in my experience. Many marinas are delighted to have live aboards there full time as it is an extra layer of security for them. In the dark hours, not many folks around except live a boards and thieves!
Best to be honest with your underwriter because if you are not, forget filing a claim. Your insurance company will be looking for any reason to deny a claim.
Some require a survey, others not. I don't think they are writing policies on wooden boats any longer but you might find one that is. Age of the vessel is of primary importance as well. Phil
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Old 26-08-2016, 13:38   #19
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Re: Shopping for insurance - admit it's a liveaboard or not?

My application through Progressive did not specify either live aboard or not.
That said, I have only liability for up to $300K, and not comprehensive with full replacement value.
Could it be I was not asked about live aboard because of my limited liability option?
BTW, very reasonably priced was a plus.
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Old 26-08-2016, 13:58   #20
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Re: Shopping for insurance - admit it's a liveaboard or not?

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Originally Posted by kmcshane View Post
My application through Progressive did not specify either live aboard or not.
That said, I have only liability for up to $300K, and not comprehensive with full replacement value.
Could it be I was not asked about live aboard because of my limited liability option?
BTW, very reasonably priced was a plus.
Have you closely read your policy? I think it's in the fine print.

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Old 26-08-2016, 15:38   #21
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Re: Shopping for insurance - admit it's a liveaboard or not?

Don't lie, you will sleep better and you will be covered..
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Old 26-08-2016, 15:51   #22
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Re: Shopping for insurance - admit it's a liveaboard or not?

kmcshane - 300k liability is not very much these days. Also, do you have oil spill coverage?
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Old 27-08-2016, 10:18   #23
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Re: Shopping for insurance - admit it's a liveaboard or not?

Not live-aboard! Full-time or long-term cruisers! Of course, your vessel needs to be capable of moving under its own power or sail at any time.
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Old 27-08-2016, 10:38   #24
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Re: Shopping for insurance - admit it's a liveaboard or not?

I always laugh when people post STUPID questions asking if they should BREAK THE LAW or LIE, but I actually have something to contribute:

My last 36' sailboat was insured by Allstate.

We moved aboard fulltime when we sold the house and were waiting for our new boat to be built. I noticed Allstate by Email that we had moved aboard and gave them our new contact information.

So the new boat was about to arrive and I contacted an Allstate Agent at the Oakland Boat Show... He informed me that Allstate DOES NOT insure fulltime live aboards, but since they accepted the email, they would have to insure me.

My Allstate Agent had no clue about underwriting boats, which makes me wonder what would have happened if I had made a claim!

Anyone living on there boats fulltime, either cruising or sitting in the marina should be very careful about selecting insurance companies.

Also don't forget that most claims will require an insurance survey, which will report if you were living on board fulltime.
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Old 27-08-2016, 10:56   #25
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Re: Shopping for insurance - admit it's a liveaboard or not?

Never Lie!
Having said that, we don't have insurance, it makes you a better sailor.

Statistically most claims occur in or near docks.
Offshore, its not so easy to walk away and say "its ok were insured"

The biggest fear we have is FIRE!
The biggest cause of fire on board is.....Insurance.

Most damage happens to unattended boats, live-aboards are less likely to sustain damage, but this is not reflected in their premiums, as its more profitable to surcharge, safe in the knowledge that there will be fewer claims.

If you give your Ins Company an out, they will take it, they are a bunch of snakes, the lowest form of bottom feeders. No apologies to Ins agents out there, my uncle was the chairman of a large insurance company, and even he screwed me.

They do not exist to look after your interests, they exist for profit only to enrich their shareholders.

When required, we do buy 3rd party liability cover.
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Old 31-08-2016, 09:14   #26
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Re: Shopping for insurance - admit it's a liveaboard or not?

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Originally Posted by jeremiason View Post
I always laugh when people post STUPID questions asking if they should BREAK THE LAW or LIE
I'll have to take a little issue with this. We are very honest people, but also very new to this lifestyle. We've had two boat brokers insist that if we reveal that the boat is a liveaboard we won't be able to insure. So, we're doing our homework and asking intelligent questions. After all of the input, and our gut instincts, we will be straightforward about our insurance needs, but I don't think seeking advice is a stupid choice. But, thanks for your input.
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Old 31-08-2016, 09:29   #27
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Re: Shopping for insurance - admit it's a liveaboard or not?

Quote:
Originally Posted by kmcshane View Post
My application through Progressive did not specify either live aboard or not.
That said, I have only liability for up to $300K, and not comprehensive with full replacement value.
Could it be I was not asked about live aboard because of my limited liability option?
BTW, very reasonably priced was a plus.
$300k liability would be a problem. Most marinas where I am require you to have $2million in liability coverage ( which isn't expensive anyway ) . Doesn't take much these days to do a $1mil in damage
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Old 01-09-2016, 15:39   #28
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Re: Shopping for insurance - admit it's a liveaboard or not?

We appreciate everyone's input on this topic. We discovered that finding liveaboard insurance was not the trauma that we were led to believe it would be. Proving, once again, that honesty is the best policy! What was more challenging was finding a carrier who was comfortable with my husband's 15-year experience on smaller boats. One carrier wanted what we felt was a ridiculous amount of verification and certification, with a pretty high rate. Ultimately it appears that Red Shield will be the carrier. And thanks to the person who pointed out that the Marina would have specific liability limits. Our location requires $500,000 in liability.
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Old 01-09-2016, 15:46   #29
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Re: Shopping for insurance - admit it's a liveaboard or not?

I suspect if (when) liveaboard premiums are higher, at least a portion of that may be because the policy basically becomes homeowner's insurance, too... and presumably that could then be covering stuff not normally included in a simple recreational boating policy.


Maybe.


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Old 01-09-2016, 16:11   #30
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pirate Re: Shopping for insurance - admit it's a liveaboard or not?

If you go for a 6month/1year cruise down to the islands your a bludi liveaboard.. come on folks.. you think anyones gonna come down and check..??
Duhhhhh..!!
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