Offshore Insurance

[scobane]

I’ve only posted twice, though I read CF daily. I struggle with trying to figure out the sight, let alone ask a question, but here goes. I just received notice that my Pantaenius policy will not be renewed. My primary cruising ground is the Chesapeake Bay, but twice I’ve done the Caribbean 1500 and am planning on doing the trip again in November barring major hurricane damage or prolonged Covid restrictions. Any recommendations on insurers?

[BostonSailer]

We had Pantaenius US for a year and then switched to BoatUS (Geico) for cruising the east coast. We are also considering a sail to the islands in November and will be contacting them to see how much it will cost to include the Caribbean for the winter.

[AlanT]

Originally Posted by scobane

I’ve only posted twice, though I read CF daily. I struggle with trying to figure out the sight, let alone ask a question, but here goes. I just received notice that my Pantaenius policy will not be renewed. My primary cruising ground is the Chesapeake Bay, but twice I’ve done the Caribbean 1500 and am planning on doing the trip again in November barring major hurricane damage or prolonged Covid restrictions. Any recommendations on insurers?

I have a suggestion that may save you a lot of time and angst! Go to a broker (not an insurer). A broker has access to most of the insurance companies, and knows from experience which will most likely provide a positive response to your particular situation. A good broker will likely provide you with two or three quotes and the pros and cons of each to allow you to make an informed choice.

My broker is JackMartin.com I am happy with them, but not promoting them, any good marine broker will make your life easier. Good luck ~Alan

[Capt. Greg]

Originally Posted by AlanT

I have a suggestion that may save you a lot of time and angst! Go to a broker (not an insurer). A broker has access to most of the insurance companies, and knows from experience which will most likely provide a positive response to your particular situation. A good broker will likely provide you with two or three quotes and the pros and cons of each to allow you to make an informed choice.

My broker is JackMartin.com I am happy with them, but not promoting them, any good marine broker will make your life easier. Good luck ~Alan

Agree with all of the above, with an emphasis on GOOD broker. I have used Charter Lakes for the past 4 years or so and have been extremely pleased.

[Zzmeyer]

The insurance market is getting very tight (and very small). I ended up with YachtInsure. The only other quote I got was so restrictive I would not have been able to sail the boat anywhere on my itinerary provided. There is a good broker near you eric@insurewitheric.com. I didn't use him as I had a long standing relationship elsewhere but heard very good things about him.