Cruisers Forum
 


Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on Cruisers Forums. Advertise Here
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 25-07-2021, 16:54   #1
Registered User
 
schoonerdog's Avatar

Join Date: May 2004
Location: annapolis
Boat: st francis 44 mk II catamaran
Posts: 1,204
Images: 4
insurance for the Caribbean for a cat

I see the previous post on insurance, but my situation is a bit different. I've owned two catamarans for over 20 years, zero claims, and I've heard via an insurance broker that right now there is only one insurance company writing policies for catamarans in the Caribbean. Only one?? I'm guessing that the quote will come in at around 2-3 percent of valuation. I'm looking through the Gowrie Group and another one here in Annapolis, but would people mind telling me who is insuring their particular boat in the Caribbean? For US waters, Allstate is by far the lowest price, GEICO had doubled their rates with zero claims.
schoonerdog is offline   Reply With Quote
Old 25-07-2021, 17:31   #2
Registered User
 
Nicholson58's Avatar

Join Date: Jan 2011
Location: Caribbean live aboard
Boat: Camper & Nicholson58 Ketch - ROXY Traverse City, Michigan No.668283
Posts: 5,710
Images: 84
Re: insurance for the Caribbean for a cat

ANJO is exclusively Caribbean. We are starting our third year with them. It is a Massey company.
Nicholson58 is offline   Reply With Quote
Old 25-07-2021, 18:50   #3
Registered User

Join Date: Sep 2019
Location: currently Puerto Rico
Boat: 2003 Leopard 47
Posts: 61
Re: insurance for the Caribbean for a cat

We are currently being raped by Concept Specialty Risk. Roughly 4% of declared value. We were told they are the only one writing Caribbean Policies for U.S. based boats. Guardian will write if you are based in Puerto Rico but not otherwise. Gowrie told us they couldn't find an underwriter at this time.
Seapig is offline   Reply With Quote
Old 25-07-2021, 19:00   #4
Registered User

Join Date: Dec 2020
Posts: 641
Re: insurance for the Caribbean for a cat

Schoonerdog,

It matters hugely what you mean by “insurance for the Caribbean.” If you are looking for year-round coverage between 10N and 31N and want it to include named storm coverage… good luck. You’ll not touch that for 2-3% of hull value. I certainly wouldn’t cover you with MY money!

If you are looking for typical cruising coverage where you are not covered for named storms between 30.5N and of 10N from June through November then you’ll have more options. But I suspect you’ll find you will need to raise your budget plans for good coverage.
BillKny is offline   Reply With Quote
Old 25-07-2021, 21:31   #5
Registered User
 
Nicholson58's Avatar

Join Date: Jan 2011
Location: Caribbean live aboard
Boat: Camper & Nicholson58 Ketch - ROXY Traverse City, Michigan No.668283
Posts: 5,710
Images: 84
Re: insurance for the Caribbean for a cat

ANJO as I noted above is our carrier. They allow certain places in storm season. We are currently on the hard in Jolly Harbor, Antigua. There are other places they allow. Many cruisers stay with their boats in hurricane season with the understanding that they move the boat out of the storm track or haul in one of the acceptable marinas. Most islands permit safe harbor for named storms but you may not be allowed off the boat (COVID RULES).
Nicholson58 is offline   Reply With Quote
Old 26-07-2021, 09:46   #6
Registered User
 
schoonerdog's Avatar

Join Date: May 2004
Location: annapolis
Boat: st francis 44 mk II catamaran
Posts: 1,204
Images: 4
Re: insurance for the Caribbean for a cat

FYI, I completely agree with the BillKny, there is a reason we've had zero claims for 20 years, and want to keep our record perfect. We would be outside the hurricane box before June.
schoonerdog is offline   Reply With Quote
Old 26-07-2021, 09:59   #7
Registered User
 
schoonerdog's Avatar

Join Date: May 2004
Location: annapolis
Boat: st francis 44 mk II catamaran
Posts: 1,204
Images: 4
Re: insurance for the Caribbean for a cat

Nicholson58, thank you!! We will check with them.
schoonerdog is offline   Reply With Quote
Old 26-07-2021, 13:56   #8
Registered User

Join Date: Dec 2011
Posts: 1,410
Re: insurance for the Caribbean for a cat

My PowerCat is insured for the entire Caribbean (except the US embargoed countries) plus the Gulf of Mexico and the near Atlantic. I am covered as operator and she is covered for bare-boat and captained charters subject to the bare-boater's experience. For captained charters coverage is subject to experience and licensing. Less than a grand a month.

Check with Flag Ship Marine Insurance. Its possible that they only deal commercial operators however.
jmschmidt is offline   Reply With Quote
Reply

Tags
Caribbean, insurance, rib

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
Bimini...Gun Cat...Cat Cat. Customs Wayward Drifter Atlantic & the Caribbean 9 03-03-2020 07:16
Cat vs Cat vs Cat which one to buy? C-man77 Multihull Sailboats 84 03-10-2015 20:07
Able Maritime Yacht Insurance and Sunderland Marine Insurance Arcticsailor Dollars & Cents 0 17-03-2014 09:56
Blue Water Insurance + Med Insurance Trish Affleck Rules of the Road, Regulations & Red Tape 1 01-04-2013 00:28

Advertise Here


All times are GMT -7. The time now is 12:26.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.