- This topic has 13 replies, 8 voices, and was last updated 7 years, 12 months ago by
.
-
Posts
-
-
Hello all,
I’m in a quandary. Sitting here at Boot Key, trying to leave for Bimini in two days, and called Boat US to get my insurance squared away (expires in Mar). Well. They went up on my premium one-thousand eight hundred, for a grand total of 3.8K per annum. No loss history, long sailing and cruising resume. I have 300K in liability, currently, and hull insurance of 75K, which is way under the value of this boat. Of course, I have a Florida zip code which drives my rates up considerably. Anyway, throwing this out there to see if anyone has good insurance with a Florida home address for less than a kings ransom. Any help appreciated, quicker the better as I’m looking at a weather window that slams shut on Sunday. Any ideas? Thanks!
David Tye
Blue Moon, #189 -
Foremost was way less expensive for me I checked with boat us, I put my home port as Atlantic highlands NJ with a Florida registration I used address at marina I am at $55,000 in coverage it costs me $749.00 a year. You can get phone number on line.Good luckPaulSV Cygnus / soon to be spell Bound #80
-
-
David,That's horrible!We go through Atlass Insurance in Cocoa…It's a Progressive policy, but at a competitive rate. About $1200 including Bahamas. YMMV of course.Contact info:
-
-
-
-
Good luck David, to me it's a down right shame that we're led down a path and almost forced to insure. The marinas, haulouts, even moorings it seems push to benefit those shady upper level characters of the insurance companies that promise you payback if the worst happens, but in reality look for every flaw to not pay you back when needed. Without insurance, you believe in yourself and your abilities to keep your boat safe.Third world, feeling better all the time for me. I needed a rant, sorry.Ken
Taking what comes as I get it, using it all as much as I can and trying hard to leave all the shit behind.
-
I too am disgusted by the insurance racket – almost as disgusting as the excise/use/sales tax racket….however, the only time in 40 years that I used my insurance, when my old Bristol 22 ended up on the rocks in 1991 during Hurricane Bob, Boat U.S. Insurance could not have been more reasonable, quick, and fair in settlement – just sayin…BenPapaya #81
-
Good for you Ben, I'm glad you got something back. I almost sailed out of Norfolk into the baby's teeth of that storm (Bob) but returned from the Bay Bridge and Tunnel penniless (last $$ spent on charts of Maryland and New Jersey(insurance) hoping for a 3 or 4 day single handed passage to Newport) before hunkering down up the Hampton river tied to every damn thing I could, and every anchor out. My insurance! Back in those days the insurance companies seemed to be OK with that lattitude that you were caught in. But now, since Bob and Sandy, they wrapped another one of their golden strings around our boating b**ls. just sayin'
Taking what comes as I get it, using it all as much as I can and trying hard to leave all the shit behind.
-
Hello all,
We have insurance now through Lloyds of London, obtained through Bluewater Insurance. It is Agreed Value for $85K, without having to do a new survey. They had the most extensive application process, but they made it easy for us. We can get a new survey later to possibly increase our hull insurance. The premium is $1881/yr, extremely competitive with all of the agreed value policies we looked at, and lower than most of the “Market Value” quotes. Pretty satisfied so far.
Checked with Jackline and Atlass. Atlass quoted Foremost. Foremost offered Agreed Value and might have been our second choice except for some odd provisos with named storms. Jackline was only Actual Cash Value, but would reconsider with a new survey. A friend on a very nice Tayana 37 has a great rate with Novamar, but Bluewater came through for us first.
We looked at around eight or ten options, and are pretty confident we are getting a fair shake with Bluewater/Lloyds. Now if we can only get a break on the weather we will get out of Boot Key and depart for the Bahamas!
David
-
David,If this is the same Bluewater Insurance company that was lighting up the saling forums a few years ago there may be a reason the policy terms and premium sound so good (https://www.ssca.org/forum/viewtopic.php?f=7&t=4713&p=71234&hilit=bluewater#p71234). Hopefully this is a different company that just made an unfortunate choice of name.
-
Well, a little disheartening to read the SSCA Forum on Bluewater. Yes, I believe it is the same company that we went with. But so far, the customer service has been very good. We did not deal directly with Mr Spink, who seems to be at the center of the controversy. The comments I read regarding difficulty with an actual claim appeared to be with an underwriter called Commandeur. Ours is underwritten by Lloyds of London. Hopefully makes a difference. A friend of ours who has Lloyds reported a good relationship with them. I donât know who their broker is.
Appreciate the heads up, John. Could be we do a fresh survey when we pull the boat in a couple of years and re-look the situationâ¦.depending on our experience with Bluewater.
David
-
A friend who moored (past tense) in our marina went aground and lost his yacht this weekend. One item that has emerged is the cost of salvage. I have been told that the $28,000 that he spent trying to salvage the vessel is not covered by insurance.
With all the rules and regulations he will no doubt have to get the remains cleared away. Not sure of the cost.For those who do have insurance, is salvage covered?
Cheers
Dennis
-
- You must be logged in to reply to this topic.