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Old 07-02-2022, 07:14   #1
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What are you spending on insurance in 2022?

Just trying to get a ballpark of what insurance might cost on a 40' Leopard Cat in the Caribbean. I understand there are a ton of factors...but if folks could post their general scenario and costs, that would be great.
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Old 07-02-2022, 08:57   #2
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Re: What are you spending on insurance in 2022?

wouldn't be easier and more worth your time to request a quote for a company or 2?
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Old 07-02-2022, 09:00   #3
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Re: What are you spending on insurance in 2022?

Quote:
Originally Posted by sailorboy1 View Post
wouldn't be easier and more worth your time to request a quote for a company or 2?

I will be doing that. I'm just trying to get an idea of what other people are paying .
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Old 05-03-2022, 16:01   #4
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Re: What are you spending on insurance in 2022?

2% of boat value in Hawaii.
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Old 05-03-2022, 16:13   #5
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Re: What are you spending on insurance in 2022?

We average ~1% of Agreed Value [mild to mid 6 figures] on an All Risk policy with comprehensive Consequential Loss coverage [not to mention liability coverage at sea and for us on shore...]

If you are interested, more details about our marine insurance strategies and choices [as consumers...] are available on this one page write-up.

Cheers! Bill
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Old 05-03-2022, 19:03   #6
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Re: What are you spending on insurance in 2022?

Fully insured 1.4 % of agreed value, only limits are : not racing, no commercial use, up to 400 Nm offshore, but going further offshore separate arrangement is negotiated.
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Old 06-03-2022, 13:30   #7
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Re: What are you spending on insurance in 2022?

1.5% assessed value coastal only right now. Separate riders negotiated for offshore work depending on region. $5k deductible. All perils.
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Old 15-03-2022, 14:09   #8
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Re: What are you spending on insurance in 2022?

SO FRUSTRATING! Trying to get insurance - don't know where to turn. We don't have a ton of experience - never owned a catamaran. Where do newbies go?????
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Old 15-03-2022, 19:08   #9
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Re: What are you spending on insurance in 2022?

I think you just pointed it out what the underwriters have realized. Insurance is trending that catamarans are a higher risk pool. 30% of our premium is "catamaran". GEICO may offer a policy at 4%.
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