Newbie insurance question

[jcapo]

Originally Posted by Scott Berg

A few suggestions: 1) Work with a broker who specializes in off shore cruising boats in YOUR MARKET. The USA is probably the most difficult because its reputation for being highly litigious and many world wide companies shy away 2) Develop a relationship with that broker and make it clear what you want to do 3) EXPECT to start with a requirement for a captain until they sign off on you; don't fight that one. Most of my clients need 40hr or so underway to be ready if they have the aptitude 4) Opt for coverage for your local waters first, then add on more as you cruise. My personal favorite US brokerage is IMIS/Gowrie; they write world wide coverage via Markel and other providers as well as coastal and inland coverage. Another option is BoatUS, currently underwritten by GEICO and, in my opinion, a bit more lax on underwriting requirements but no world wide option. Good luck but don't wait, start building the professional relationship now so you have the broker acting as your agent; that's their job...

Geico and BoatUS have parted ways. Geico is no longer selling policies through agents and Geico is not renewing many/most/all policies sold through agents.


I got my Geico/BoatUS cancellation notice this month.


John

[Scott Berg]

John, are you sure? Both BoatUS and Geico's websites still reference a marketing agreement.

[C420sailor]

Originally Posted by Paul L

Many insurance policies exclude coverage for just about everything under the sun

FTFY.

[Paul L]

Originally Posted by C420sailor

FTFY.

If you want to make a statement on CF, go ahead make it under your name. Don't edit what I said and leave it as a quote from me.