Cruisers Forum
 


Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 05-08-2019, 19:22   #1
Registered User

Join Date: Aug 2019
Location: Portoroz, Slovenia
Boat: Hanse 458
Posts: 6
Mediterranean Insurance - Cost and Recommendations

Hi everyone

I'm after recommendations for insurance companies or brokers to use to insure our 45ft Hanse in the Mediterranean next season. I'm sure this has probably been asked before but there are so many providers out there I don't know where to begin! Also interested in any advice on what I should expect to be charged?

Thanks in advance!
HurricaneWally is offline   Reply With Quote
Old 08-08-2019, 03:20   #2
Registered User

Join Date: Aug 2008
Boat: Trident marine Voyager 30
Posts: 546
Re: Mediterranean Insurance - Cost and Recommendations

Everyone I talked to that has had a claim with Pantaenius has been happy. They may not want to do business with you if you are American.
Anders is offline   Reply With Quote
Old 08-08-2019, 13:10   #3
Registered User

Join Date: Apr 2012
Boat: Lagoon 400 S2
Posts: 73
Re: Mediterranean Insurance - Cost and Recommendations

We have a US flagged boat in the Med and have coverage with Pantaenius USA. Approx 1 percent hull value for cost.

We use IMIS (now gowrie) as our broker.
Dtm67 is offline   Reply With Quote
Old 14-08-2019, 02:58   #4
Registered User

Join Date: Dec 2018
Location: Uk & Greek Agean
Boat: Jenneau 45.2
Posts: 68
Re: Mediterranean Insurance - Cost and Recommendations

Last year I paid £620:00 for a 45ft Jenneau, UK registered, sum assured £120,000. Cruising no further than 30degE longtitude. (Inc a few xtras, dinghy, liferaft etc)

Hope this gives you a idea.
Jenneau Owner is offline   Reply With Quote
Old 24-08-2019, 07:04   #5
Registered User

Join Date: Apr 2019
Location: Spain
Boat: 1983 Shannon 28
Posts: 497
Re: Mediterranean Insurance - Cost and Recommendations

Pantaenious refused to renew my insurance in 2019 stating that they no longer insure either Canadian or US flagged boats in the Med ( ours is Canadian flagged).

I now have local third party liability ( compulsory ) Spanish insurance at the annual cost of about 63 Euros. For all practical purposes, basically self insured. The boat is a 1983 Shannon 28, and neither Pantaenious nor my current Spanish insurer would provide hull coverage on the basis that the boat is too old.

If, like me, you are comfortable with only third party liability, compulsory coverage in the Med is quite inexpensive.

Greg
Greg K is offline   Reply With Quote
Old 14-11-2019, 05:30   #6
Registered User
 
ccannan's Avatar

Join Date: Jun 2003
Boat: Alubat, OVNI 47
Posts: 365
Images: 5
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by HurricaneWally View Post
Hi everyone

I'm after recommendations for insurance companies or brokers to use to insure our 45ft Hanse in the Mediterranean next season. I'm sure this has probably been asked before but there are so many providers out there I don't know where to begin! Also interested in any advice on what I should expect to be charged?

Thanks in advance!
What kind of insurance do you want? If liability only try Bavaria.
__________________
Chip
ccannan is offline   Reply With Quote
Old 04-12-2019, 18:17   #7
Registered User

Join Date: Dec 2016
Location: MED
Boat: Hanse 430e
Posts: 395
Re: Mediterranean Insurance - Cost and Recommendations

I have Elmo insurance out of Malta on my Hanse 430 620.00 euro annual. US flagged but based in Malta
Dogscout is offline   Reply With Quote
Old 02-01-2020, 09:49   #8
Registered User

Join Date: Apr 2012
Boat: Lagoon 400 S2
Posts: 73
Re: Mediterranean Insurance - Cost and Recommendations

Update...I just got a notice of non renewal from Pantaenius. The letter said they were no longer insuring US flagged boats. Iím now searching for a replacement.
Dtm67 is offline   Reply With Quote
Old 02-01-2020, 10:17   #9
Registered User
 
ccannan's Avatar

Join Date: Jun 2003
Boat: Alubat, OVNI 47
Posts: 365
Images: 5
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by Dtm67 View Post
Update...I just got a notice of non renewal from Pantaenius. The letter said they were no longer insuring US flagged boats. Iím now searching for a replacement.
https://bavaria-ag.de/en/yachtversicherung/
__________________
Chip
ccannan is offline   Reply With Quote
Old 10-01-2020, 05:27   #10
Registered User

Join Date: Dec 2018
Location: Uk & Greek Agean
Boat: Jenneau 45.2
Posts: 68
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by Dtm67 View Post
Update...I just got a notice of non renewal from Pantaenius. The letter said they were no longer insuring US flagged boats. Iím now searching for a replacement.
Ironicly I have noticed a lot of Greek boats in Greece flying the Stars and Stripes. When I enquired about this the answer seemed to be it was locals avoiding Greek taxes.(suprised,suprise&#128578.

Are these insurance companies worried about the political situation and possible reprisals from the Mid East?
Jenneau Owner is offline   Reply With Quote
Old 10-01-2020, 07:28   #11
Registered User
 
ccannan's Avatar

Join Date: Jun 2003
Boat: Alubat, OVNI 47
Posts: 365
Images: 5
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by Jenneau Owner View Post
Ironicly I have noticed a lot of Greek boats in Greece flying the Stars and Stripes. When I enquired about this the answer seemed to be it was locals avoiding Greek taxes.(suprised,suprise).

Are these insurance companies worried about the political situation and possible reprisals from the Mid East?
???

How do you identify a "Greek" boat if it is flying "the stars and stripes"?

What "political situation" are you referring to?

"Mid East" reprisals? By which country for what?

Most insurance companies don't cover damage caused by acts of war or terrorism.

The reason why most non-US financial entities (like EU based insurance companies) are no longer doing business with US citizens is because of FATCA compliance.
__________________
Chip
ccannan is offline   Reply With Quote
Old 22-07-2020, 09:25   #12
Registered User

Join Date: Apr 2003
Location: NC
Boat: Dehler 36 (sold)
Posts: 73
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by ccannan View Post
???

How do you identify a "Greek" boat if it is flying "the stars and stripes"?

What "political situation" are you referring to?

"Mid East" reprisals? By which country for what?

Most insurance companies don't cover damage caused by acts of war or terrorism.

The reason why most non-US financial entities (like EU based insurance companies) are no longer doing business with US citizens is because of FATCA compliance.
Well said.
Doubleplay is offline   Reply With Quote
Old 22-07-2020, 09:29   #13
Registered User

Join Date: Aug 2016
Location: ABC's
Boat: Prout Snowgoose 35
Posts: 1,755
Re: Mediterranean Insurance - Cost and Recommendations

For me Pantaenius were twice the price of some others. My boat is old, so many insurers will not touch it.

My most favourable quote with good policy protection was with Y Yacht. It was around €450 a year in the Med for full hull insurance. This included all of the Med and Portugal, but not Atlantic Islands. some of the African countries were also excluded, but could be added if you make a case for it.
mikedefieslife is offline   Reply With Quote
Old 22-07-2020, 12:41   #14
Registered User

Join Date: Nov 2019
Posts: 1,642
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by Anders View Post
Everyone I talked to that has had a claim with Pantaenius has been happy. They may not want to do business with you if you are American.
Yup

Iíve used them for many years

Competitive quote and no ********
slug is offline   Reply With Quote
Old 22-07-2020, 12:47   #15
Registered User

Join Date: Nov 2019
Posts: 1,642
Re: Mediterranean Insurance - Cost and Recommendations

Quote:
Originally Posted by ccannan View Post
???

How do you identify a "Greek" boat if it is flying "the stars and stripes"?

What "political situation" are you referring to?

"Mid East" reprisals? By which country for what?

Most insurance companies don't cover damage caused by acts of war or terrorism.

The reason why most non-US financial entities (like EU based insurance companies) are no longer doing business with US citizens is because of FATCA compliance.

Greeks are allergic to tax

No vat on Wilmington Delaware flags

Iíve never heard of FATCA being an issue

For years Iíve not been able to secure crew insurance for Americans ... too much liability
slug is offline   Reply With Quote
Reply

Tags
insurance, mediterranean, men

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sailboat insurance in the Mediterranean. SV Rosy Dollars & Cents 6 25-06-2018 22:49
Chart Recommendations for Mediterranean Sea wanted CatNewBee Navigation 1 07-11-2017 03:11
Searching for liability insurance not requiring a survey, in mediterranean Vieux_Chameau Boat Ownership & Making a Living 28 19-07-2017 22:03
Cost estimate and recommendations for generator mkii Electrical: Batteries, Generators & Solar 30 11-04-2016 16:17

Advertise Here


All times are GMT -7. The time now is 18:05.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.