Insurance - the elephant in the room.

Discussion in 'Multihulls' started by rogerf, Jan 31, 2013.

  1. neville2006
    Joined: Jul 2008
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    Location: australia

    neville2006 Junior Member

    thanks for that I haven't tried them; will check it out.

    Just looking at a Simpson Liahona but it's no good for me if i can't get insurance for marinas/ slips etc
     
  2. whitepointer23

    whitepointer23 Previous Member

    Try qbe marine. They used to be excellent but I have not insured with them for a while.
     
  3. whitepointer23

    whitepointer23 Previous Member

    I know ferro owners who have got policys by calling their boats composites. Technically they might be right seems steel and concrete are used together but I don't know how they would go with a claim.
     
  4. neville2006
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    neville2006 Junior Member

    Thanks Brendan, Nautilus also suggested QBE, I'll give them a go too.
     
  5. whitepointer23

    whitepointer23 Previous Member

    I had a plank punched in by a bolt on a jetty during a storm. Qbe sent the repair order to the local shipwright and it was done straight away. They did not send an asessor or even quiz my claim. Thats pretty good service.
     
  6. neville2006
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    neville2006 Junior Member

    QBE is a no go. Perhaps unless you had a long history of policies with them.

    something about the difficulty and expense of repairing the structure of tris.

    waiting for Pantaneus to get back to me...
     
  7. whitepointer23

    whitepointer23 Previous Member

    Thats a bugger.
     
  8. tspeer
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    tspeer Senior Member

    I needed $1M in liability for a regatta, but couldn't find any marine policy that would give me more than $500K. I ended up going with Progressive. They gave me a $500K marine policy and a $500K umbrella policy to cover the rest of the liability. Although I had to switch my car insurance to Progressive, too, because they wouldn't give me the umbrella on the marine policy alone.
     
  9. neville2006
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    neville2006 Junior Member

    For any coming to this thread, I did manage to get cover offered from Pantaeneus if that helps anyone.
    Unfortunately missed out on the boat though.
     
  10. Alan.M
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    Alan.M Junior Member

    ******** absolute ********.
     
  11. bpw
    Joined: May 2012
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    bpw Senior Member

    Not so absolute, we where never asked for insurance in central or South America except at the Montevideo yacht club.

    Also, no liscences required for US based yachts.
     

  12. Alan.M
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    Alan.M Junior Member

    Yes, it is pretty much absolute rubbish. You DO NOT need to have insurance to enter a country. You are NOT asked for it. Individual marinas or yacht clubs might require it, but not countries, as mr pierzga stated.

    In fact a great many international cruisers, mono or multihull, go without insurance, due to the high premiums, or difficult crew requirements.
     
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