Where to Get Third Party (Liability) Insurance ?

[VirtualVagabond]

Here's a thought... or at least the kernel of one...

MarkJ mentioned Moorings and Sunsail as examples of as and when insurance.

CF represents a lot of boats with a huge combined buying power.

What are the chances of getting an underwriter to structure a policy for members here, similar to a charter company policy, where there is a continuous annual premium being paid by a CF group, and members could avail themselves of cover for a time period/size of boat formula. Any actuary worth his salt and with a bit of imagination could come up with something workable.

Those seeking to be part of it may need to form a sub group, and it may be necessary to throw in a bit of beer money monthly to make it workable, but if the overall annual amount is low it could be worth it...

OK, ball's in play.... somebody else give it a kick

[Boracay]

I had a chat with Nautilus yesterday so the details are already starting to fade but from what I remember...

They do liability or you can get close to liability by having a small sum insured.

I'm seem to remember they said something about insuring in some of the the Pacific Islands for those who have held a policy for more than a year.

I did contact a couple of insurance companies so I could have gotten my wires crossed.

They seemed friendly. Why not give them a call?

[Greg4cocokai]

Jim, After getting the run around from several company's trying to sell full coverage, we found Holdfast Insurance Brokers here in OZ to get us $10m liability ins. for around $500/ year. They're in Darwin: ph. #(08)8941 8000, email- info.nt@holdfast.com.au. We're rarely in marinas but had to get it in Mackay. Hope that helps.

[VirtualVagabond]

Originally Posted by Greg4cocokai

Jim, After getting the run around from several company's trying to sell full coverage, we found Holdfast Insurance Brokers here in OZ to get us $10m liability ins. for around $500/ year. They're in Darwin: ph. #(08)8941 8000, email- info.nt@holdfast.com.au. We're rarely in marinas but had to get it in Mackay. Hope that helps.

Is that cover for Aus waters only, or will it give world wide coverage too?

[Greg4cocokai]

Paul, The coverage is for Aus. waters and out 200 nms. Unfortunately we'll be heading out of Oz for Indo - Thailand for Xmas. Townsville, Aus. was the 1st marina that we had to prove we had coverage to get in in our 5 yrs of cruising.

[smurphny]

Originally Posted by MarkJ

Noonsite: Greece

Well, Greece, in it's wisdom and financial wizardry has figured out how to discourage sailors. When they fall into national default perhaps they'll reconsider over-regulation.

[Jim Cate]

Originally Posted by MarkJ

May I ask an adjunct question to yours.

What I would like is Third Party (Liability) Insurace sold on a Day by Day basis, as what happens with Car Rental companies.


In other words, I only go to a marina for a day here or there so why pay for 365 days of insurance. I would be vastly better off paying a higher premium for just a day or two's cover.


Mark

G'Day Mark,

FWIW, we were able to buy two weeks of coverage in New Cal a couple of years ago. Wanted to put the boat in a marina because there was a cyclone on its way and we had some grandchildren aboard... marina required insurance.

Wasn't terribly expensive, but was quite a hassle to organize quickly. I would like not to have to do that again!

And for all the other kind folks who have made suggestions: I've contacted the UK firms and their coverage does not extend beyond UK waters and is only for UK flagged vessels/YRA members and other such restrictions. Waiting for replies from other firms.

I will keep you posted as to results.

Thanks to all who made suggestions.

Jim

[MarkJ]

Originally Posted by smurphny

Well, Greece, in it's wisdom and financial wizardry has figured out how to discourage sailors. When they fall into national default perhaps they'll reconsider over-regulation.

Also they require you to clear in and out of each port and have your cruisnig log stamped and then handed in when you leave Greece.

As far as I am aware no does, of course.

[RobertLeask]

I'm planning a cruise to Europe and thinking about insurance. I've never had it before, and was never bothered about it by anyone during my circumnavigation from 1995 to 2003 until I got to Toronto, where they were totally anal about it. Prabably didn't run into that because I mostly anchored. Now it seems insurance has become a requirement pretty well everywhere.
This looks like a good solution: https://www.pantaenius.com/en/austri...liability.html
looks like you can do it online with none of the bullroar like a survey. Cost is reasonable and they advertise global coverage, premiums would likely be lower in some places than in Europe.