Overseas insurance for Australian registered Vessel

[Stevenc]

Hi, I’m hoping someone can help with obtaining insurance on a yacht I’m settling on in a couple of weeks.

The vessel is on the hard in Greece, and will be Au flagged. I’m in Australia and the only two companies that I can find to provide the insurance are:

Topsail
pantaneus.

I liked the quotation from TopSail, however they could not provide it to me anymore as they do not have a local underwriter anymore. I presume anyone with a renewal will get quite a surprise! They did provide another offshore quotation that was not to my liking and came with disclaimers regarding Australian legal protection etc.

Are there any alternatives in getting insurance for the Mediteranian?

I would appreciate any experiences you may be able to pass on.

Steve

[Anders]

I don't know if there are any more but Pantaenius has a stellar reputation for paying the claims.

[Stevenc]

Originally Posted by Anders

I don't know if there are any more but Pantaenius has a stellar reputation for paying the claims.

That’s a very important point you make.

[goboatingnow]

There is an insurance broker in lefkas , who seems to be more competitive then Pantaenius. Having said that I’m with Pantaenius and while it’s pricey , I’m happy

[Stevenc]

I’m not sure I can source the insurance from overseas

[goboatingnow]

Originally Posted by Stevenc

I’m not sure I can source the insurance from overseas

Not an issue just a little more awkward.

[UFO]

Correct me if things have changed but I was under the impression that Australian registered boats were only allowed to use Australian Insurance companies?

[Nico Domino]

Have you tried New Wave Marine in Sydney

[Stevenc]

Originally Posted by Nico Domino

Have you tried New Wave Marine in Sydney

Yes I have they don’t insure a boat out of Australia

[Ssas5342]

Originally Posted by Nico Domino

Have you tried New Wave Marine in Sydney

I think you’ll find that topsail are now brokers, not insurers, and they are pushing New Wave. Very expensive too.

[Stevenc]

Originally Posted by Ssas5342

I think you’ll find that topsail are now brokers, not insurers, and they are pushing New Wave. Very expensive too.

Topsail were always brokers, red sky their underwriters here in Australia have decided to withdraw from the pleasure yacht business.

As is said topsail are using an offshore policy now.

New wave do not provide a policy.

[Bill Garlick]

Good morning Steve

We have a couple of marine insurers on our panel that'll probably offer terms. Suggest you send us an email.

[patprice]

Have a look at Edward William SL.
I have insurance through them but have not made a claim!

[Stevenc]

Originally Posted by patprice

Have a look at Edward William SL.
I have insurance through them but have not made a claim!

Thanks Pat,
I did a google on Edward Williams....... results were not good.

I think Pantanious is the way to go.

[Moana Bella]

We have Pantaenius, for Australian travel only at this stage, but I was told we would be able to convert to international with them when we are (hopefully) allowed to leave the country at some stage.
I suggest you give our broker a try. She specialises in hard to place insurance.
Heather Coutts heather@trustcapstone.com.au