Our premiums from Pantaenius Insurance
are now over 2.5% of the hull
value. Granted, we make significant blue water
passages and are planning on sailing to South Africa
from SE Asia
this coming year but its still a lot of money
. We just got a more competitive quote from Topsail Insurance
with almost identical coverage. Is anyone out there insured with them? Have you ever filed a claim? How was it processed? Would you recommend them?
Topsail has it's policies underwritten by RSA Insurance Group out of London (formerly Royal and Sun Alliance - they insured Captain
James Cook) and there have been quite a few articles in financial news that the company could be in serious financial trouble. If you were shopping
for insurance, would you eliminate them on that basis?
Fair winds and calm seas.