Insurance in the Caribbean
It appears that I am close to buying my first cruiser. It will probably lay in dry dock for a year in the south-east coast hurricane zone.
Will I need insurance to repair or replace the boat if it is trashed by a hurricane or will the boat yard''s insurance cover this?
In a year or so, we will be cruising the Caribbean and Central America for a year or two, then probably the east coast of South America. After that, it''s probably off to the Med.
Will Offshore Risk Managenment cover all these locations in one policy? Do the rates differ depending on your sailing location? Does this company offer different rates for replacement value as opposed to depreciated value? And how are rates determined?