I am thinking of flagging my next
boat in the
BVI.
Do you folks have experience getting
insurance for a vessel flagged in the
BVI?
Do insurers who cover British vessels generally extend coverage to a BVI flagged vessel? Would it matter if the owners are US citizens?
Are the rates different because of the flag?
Part of my reason for going with this flag is that I feel I've been excluded from some
insurance options because of my
current boats US flag. There's only one insurer who will give me third party only coverage for the
Caribbean, and none that I've found who will cover the
South Pacific. I've talked to British insurers who would happily sell me coverage like that, if I didn't have a US flag.