Just joined and already have a question. I've just completed a handshake deal for a 1975 Pearson
. I'm trying to get insurance
for it, but I'm in a slightly unusual situation, and the usual insurers that I'm familiar with like Progressive and Geico can't help.
My wife and I are US citizens. Our homes are in Colorado, currently rented out. Our mailing address is her parents place in Kansas. We're currently living on Great Guana Cay in the Bahamas
for at least the next year while she works for a private club out here. I'm looking for something to do to occupy myself, and the boat
seemed like the perfect situation.
is currently registered in Maryland
and USCG registered. The owner has always lived aboard on it down here 8-10 months out of the year and taken it up to the Chesapeake for the rest of the time. She's never insured it. I'll be buying
it for 15k, and keeping it US registered via the Coast Guard (no state registration) and keeping it in the Bahamas
on a cruising permit
The US insurers that I'm familiar with can't deal with the fact that it's here most of the time. They can insure it if it's in the US most of the time with the occasional trip to the Bahamas, but not the other way around.
Any suggestions on companies that I could use? I'm primarily concerned with liability insurance
, but if hull
insurance is reasonable I'd take that as well. I can't imagine 15k worth of boat would be that expensive.
Sorry for the long post! Any ideas would be welcomed.