SailNet Community - View Single Post - Insurance in Caribbean during Hurricane Season?
View Single Post
post #2 of Old 06-19-2008
Zanshin
Senior Member
 
Zanshin's Avatar
 
Join Date: Aug 2006
Location: Germany
Posts: 2,322
Thanks: 0
Thanked 31 Times in 29 Posts
Rep Power: 10
 
Usually you should be just over the 2% value, so your rates seem a bit high - but you might have better contractual conditions than most.

I think the named storm surcharges sound good. Someone who stored their boat at Nanny Cay told me they had special "hardened" supports built and thus managed to reduce their insurance premiums but that the construction costs for the cradle were actually higher than the premium savings. I personally think that such measures aren't too workable in practice, since chances are good that damage will come from something outside of your boat.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Zanshin is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome