Hylas Yacht Owners Association Forum

Open Discussion => Hylas Discussion => Topic started by: jt11791 on March 19, 2020, 06:15:33 PM

Title: Insurance
Post by: jt11791 on March 19, 2020, 06:15:33 PM
Sorry to post about insurance, one of my least favorite topics  :'( but here goes....

Who's your carrier and what do you pay?  I ask because my situation is changing this year and I'm not renewing with my current carrier, BRIT ($3500USD for coverage last year).

Last year I was covered for US coastal waters and Bahamas, but this year I'm joining the World ARC rally so I need to find more extensive coverage.  Interested to hear from anyone who has or recently had such coverage.  My broker who found my current policy has come up empty thus far.

I have a quote request in to Pantaneous any others I should consider?

Thanks for any help!

Title: Re: Insurance
Post by: joel on March 20, 2020, 12:54:38 AM
At least it isn’t about anchors!  I use Berkeley Marine.  About$1300 for east coast coverage.  A rider for Bermuda is about 200 more

Title: Re: Insurance
Post by: Finally on March 20, 2020, 07:56:00 PM
We've used Markel in the Great Lakes and as we looked at adding in East Coast coverage, rate increases were pretty minimal.  Think our agent's plan was to look at other carriers as we talked about movement to the Caribbean.
Title: Re: Insurance
Post by: Hobiehobie on March 26, 2020, 09:18:55 PM
We were in the Caribbean on the hard in Trinidad with plans to sail north to BVI and then to New York via Bermuda in May and sail the boat in Long Island Sound/New England waters for the summer.  Our existing provider wanted  close to 13,000 for coverage (hull around $650k) Pantaenius would not provide coverage, nor would Jackline, Boat US.  We decided to “self insure” as we could think of some great things to do with 13k, particularly when you study the depreciation and deductible fine print.  When (if) we get to US waters we will try again for a cruising plan that is exclusively US.