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Old 05-09-2017, 14:48   #1
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Marine Insurance - Full-time Cruising

OK, so here's the question for those of you that are Cruising full-time and carry Marine Insurance:
What do you put down as your "moorage state" as GEICO calls it?

They insist that I tell them where I "keep" my boat and no amount of explaining that I don't "keep" it anywhere seems to help, so I simply picked the state I was in when I got the new policy.

Can anyone recommend an insurance carrier that understands that we are "constantly" moving about and offers reasonable cost coverage without a lot of cruising restrictions?

I just found out that our current policy restricts us to Coastal Atlantic waters between Eastport ME & the Georgia/Florida border!

When I called them, they suggested I change my policy when I'm ready to enter Florida and change it again once we head out... I guess I can do that, but would rather not be constantly updating my insurance policy.

BTW, in case it matters, we use St. Brendan's Isle as our mail forwarding service and for our "permenant" address.

Thanks for any help / insights,
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Old 05-09-2017, 17:25   #2
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Re: Marine Insurance - Full-time Cruising

We use Foremost Marine Insurance. We have general coverage for all US waters (within exclusive economic zone) we can cruise without updating. However, we do have a "home" location which is where the boat is located at the annual renewal point, but has little bearing on our premium (~1% of agreed hull value), whether south of 30degN or not (such as is Texas).

I remember BoatUS generally offering US+Canadian waters without extra cost, but I don't know what the story is since Geico got involved.

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Old 05-09-2017, 17:37   #3
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Re: Marine Insurance - Full-time Cruising

You might try: https://www.hagerty.com/insurance/cl...boat-insurance

They do US and Canadian waters, 25 miles out as a basic plan. Unlimited pleasure use. No winter layup clause.
I use them because they do big old wood boats and cover the areas I go cheaply. They are often the insurance sold by independent agents.
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Old 05-09-2017, 20:35   #4
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Re: Marine Insurance - Full-time Cruising

Quote:
Originally Posted by Cavalier View Post
We use Foremost Marine Insurance. We have general coverage for all US waters (within exclusive economic zone) we can cruise without updating. However, we do have a "home" location which is where the boat is located at the annual renewal point, but has little bearing on our premium (~1% of agreed hull value), whether south of 30degN or not (such as is Texas).

I remember BoatUS generally offering US+Canadian waters without extra cost, but I don't know what the story is since Geico got involved.

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I would love to know your agents name so I can try to get formost for my Columbia 29 .
I have formost on my 24 islander ,but they say that they wont cover anything over 26 ft. ( hoping its just my agent dropping the ball )
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Old 06-09-2017, 00:10   #5
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Re: Marine Insurance - Full-time Cruising

Ned at Maritime.

All Canada, USA and the Caribbean except Haiti, Cuba and Venezuela.

When it's time to head to the Pacific he will change the geographic area.

I got Geico and they needed a home port too.
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Old 06-09-2017, 05:14   #6
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Re: Marine Insurance - Full-time Cruising

Try IMIS (now Gowry Group). They insure a lot of cruisers so should be easy to deal with on that front. We have no trouble.
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Old 06-09-2017, 05:52   #7
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Re: Marine Insurance - Full-time Cruising

Thanks folks; greatly appreciate the info!
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Old 06-09-2017, 08:28   #8
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Re: Marine Insurance - Full-time Cruising

S/V Rocinante....I've been using Blue Water Ins, Jupiter, Fla ever since we relocated from the Medd to the Caribb (sales@bluewaterins.com, 800-866-8906). Policies, including unisured boater and pers liab, are not as reasonable as Top Sail-a really good, responsive UK company we and lots of our cruiser friends in the Medd used- but way more reasonable than several others we checked. PS...I like your name! ours is s/v Rozinante, since 1999, home ported in Anchorage.
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Old 06-09-2017, 08:38   #9
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Re: Marine Insurance - Full-time Cruising

Insurance? Hm. Health insurance, yes. With a 57" G..designed wooden big motorsailer with all electronics, generator, watermaker, fishing gear, twice round the world, years long, no insurance on the boat, who will do this, all the time moving? Sold my Junk sailor as this one is rock solid, my floating home. Very joung have been with an old four wheel truck to Africa, India, Nepal, car insuranmce, nada, zilch
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Old 06-09-2017, 10:16   #10
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Re: Marine Insurance - Full-time Cruising

Pantaenius, all the way.
They really looked after us when we were hit by Hurricane Ivan in 2004 - and they may well have to do it all again as 'Alacazam' is currently having to deal with 'Irma' in Antigua. Still haven't heard how she fared.
You may also like to look at www.sailboat-cruising.com/yacht-insurance
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Old 06-09-2017, 14:44   #11
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Re: Marine Insurance - Full-time Cruising

Pantaenius for us as well on 60 ft of timber liveaboard.
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Old 07-09-2017, 03:00   #12
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Hm, what is if you never sail US? If you do not have a home adress? If you sail Pacific coast SouthAmerica, Pacific islands, Asia, India, Africa, back to Atlantic coast south America..........I do have NO Family, free like a bird
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Old 07-09-2017, 14:48   #13
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Re: Marine Insurance - Full-time Cruising

I had Gowry Group for a few years. good service, though I never had a claim. Then I switched to hanover for coastal - Maine to Hatteras - at a very good price. I had a marina-caused electrical surge destroy my boat's inverter/charger, and hanover covered me fast and full service. broker was Benet in New York.
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