Any experience with Great Lakes Yacht Insurance?

[EdenRose]

We are US citizens cruising with the usual difficulty getting insurance outside the USA. We are paying a lot now and have a new quote from Global Yacht Cover which is a policy from Great Lakes Insurance (which really may be underwritten by a German company). The rate from Global Yacht Cover/Great Lakes is half our current rate for the same coverage, but not reading fine print yet.

Anyone have eperience with Great Lakes or Global Yacht Coverage or can even explain all the workings of Yacht Insurance. It seems like when you apply through a broker the policy documents you fill out in the application can have al kinds of company names intertwined in the quote, underwriting and the actual policy.

[Jpernick]

Hi, I’m facing exactly the same decision today. How did your experience work out?

[Ded reckoner]

We have insurance from Global Yacht Coverage with the policy through Great Lakes Insurance. We got this through the Hayes Parsons insurance agency. We've never had a claim with this policy, but that agency is a recommended resource for World ARC boaters who need global coverage.

Yes, you need to read the details and fine print. For example, our policy doesn't cover Hawaii and the agency can't get a rider.