boat insurance for cruising; is this quote high?

[medicrene]

Hello all,

I just got a quote back from Bluewater Insurnance for my 1973 Hudson Force 50 valued at 120,000. They want $2,900.00 per year for insurance for cruising. We will only be able to sail for three months at a time and then are at work for three months. In theory, this means that the boat insurance is nearly $3,000 for only six months of sailing and six months of sitting on dry land.

I have only purchased local boat insurance in the past and it is not this expensive. What are others paying for a similar boat. If you pay significantly less, please provide information and the contact info for your insurance company.

Rene Steinhauer
The Witchdoctor

[Matt Johnson]

Same price for my boat too

[Paul Lefebvre]

You may want to search some of the different cruising discussion boards for feedback on Bluewater. Here is one example of some of the feedback I have read. There are similar discussions on this forum as well.

http://forum.ssca.org/phpBB3/viewtopic.php?f=7&t=12666

Paul

[medicrene]

Paul,

Thanks for the feedback. I read the information at the link above and will look at other insurance providers. So again I ask to those others out here, what do you pay for insurance for ocean cruising and with what company do you have your boat insured?

Rene Steinhauer
s/v Witchdoctor

[barnakiel]

Sounds similar to the ratio we paid in the EU.

b.