Boat insurance

[Papasail]

I know zero about boat insurance:
I plan to live on a 37 to 42 foot heavy/ medium displacement sailboat, Washington as home port (plan is to cross oceans/ also cruise in Carribeans). Purchase price will likely be $100,000 to $140,000, and I will own the boat outright directly after the sale.

avg. monthly costs?
Qualifications, or issues regarding being accepted for insurance that I may not be aware of? What gets you under-insured/ what gets you over-insured.

Best tack in this case?

Thanks!
Bill

[s/v Moondancer]

IMIS Jackline Insurance Program

They are excellent for Caribbean and world cruising. Cost is about 2.5%.

They do require some experience. Beware of anything that sounds too much like a good deal...

[Mark424]

Originally Posted by Papasail

I know zero about boat insurance:

Reach out to Susan Waters (susanw.imis@gmail.com). I have no commercial interest, just a satisfied customer. She has always given good advice and the lowest quotes. She has cruised her own cat from Annapolis to N.Z., so knows about life at sea.

[Captsteve53]

Having a current insurance survey carried out by a recognized society such as IIMS or SAMS will help with acceptance and also coverage rate, Some insurance companies it's mandatory every 2-3 years depending on vessels age/construction etc.

[chuckr]

go up to search and type in boat insurance and you will get more than you can read