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Re: [world-cruising] world-insurance for world-cruisers?

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Date: Mon Apr 11 2005 - 12:08:23 EDT

  • Next message: cirejay: "[world-cruising] Re: world-insurance for world-cruisers?"

    Don't know what insurance co you quoted, but I suggest you try Boat/US - they have great rates.

    Sincerely,
    Larry T ('74 911, '67 MGB, Catalina 27)

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      ----- Original Message -----
      From: who cares
      To:
      Sent: Friday, April 08, 2005 9:41 AM
      Subject: [world-cruising] world-insurance for world-cruisers?

      After ten years without even one claim my insurance told me, they do
      not insure yachts any more. Inquiring for another one I was shocked by
      a price hike of 400%. They charge now 8.3% of the value of the yacht,
      40% discount for my clean record, Red Sea and Gulf of Aden excluded
      from any insurance. But this leaves me with an actual payment of 3% of
      the value of my boat, every claim I will loose 25% of my discount.
      This fee does not include anything else than damage to the boat and
      cleaning up the mess if needed, no paying guest on board, no payed
      crew on board, no charter anyway and third party liability, passenger
      personal accident insurance, legal cost insurance, any personal health
      insurance NOT included too.

      I can not imagine that so many yachts are lost or damaged every year.

      Was my old insurance so cheap? How about other countries? Same
      experience anyone anywhere? After 15 years I payed a second yacht,
      maybe I save the money and take the risk.

      Peter

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  • Next message: cirejay: "[world-cruising] Re: world-insurance for world-cruisers?"

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