Insurance costs - SailNet Community
 
LinkBack Thread Tools
post #1 of 5 Old 06-17-2009 Thread Starter
Senior Member
 
EpicAdventure's Avatar
 
Join Date: May 2006
Location: Minnesota
Posts: 132
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 10
 
Insurance costs

I'm working up a budget to go cruising in the next couple of years.

What should I budget for insurance?

The plan is to purchase a 50 - 75k boat.

Cruising area will be east coast and Caribbean.
EpicAdventure is offline  
Quote Quick Reply Share with Facebook
Sponsored Links
Advertisement
 
post #2 of 5 Old 06-17-2009
Senior Member
 
Join Date: Apr 2009
Posts: 103
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 7
 
Send a message via Skype™ to lshick
Insurance costs

That's one of the "it depends" questions. You may see anything between 1% and 3% of hull value, maybe more, depending on cruising grounds, claim history, age and material of the hull, etc.

My suggestion is that you call a couple of insurance brokers and get quotes.

Larry Shick
V42-148 "Moira"
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
lshick is offline  
Quote Quick Reply Share with Facebook
post #3 of 5 Old 06-17-2009
Author in Hawaii
 
OrioninHawaii's Avatar
 
Join Date: Mar 2009
Location: Hawaii
Posts: 27
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Send a message via Skype™ to OrioninHawaii
Check out Zurich

Patricia Wood
Author & Sailor
OrioninHawaii is offline  
Quote Quick Reply Share with Facebook
post #4 of 5 Old 06-17-2009
Author in Hawaii
 
OrioninHawaii's Avatar
 
Join Date: Mar 2009
Location: Hawaii
Posts: 27
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Send a message via Skype™ to OrioninHawaii
We notice a difference between being insured for a specific passage (my friend just insured his cat to go from Hawaii to Tonga and it was around a thousand bucks for a specific length of time (4-6 mos?)and liveaboard insurance which runs us about 3800 a year for 150,000 hull value.
We haven't found any other carriers other than Zurich that specifically insure liveaboards. Many of the other liveaboards we know just don't tell their insurance carriers that they liveaboard. Some of the carriers that I talked to said just staying on your boat on weekends qualified you as liveaboard which didn't make sense to me.
Our policy is fairly extensive and averages 300+ a month and restricts where we can be certain times of the year.

Patricia Wood
Author & Sailor
OrioninHawaii is offline  
Quote Quick Reply Share with Facebook
post #5 of 5 Old 06-17-2009 Thread Starter
Senior Member
 
EpicAdventure's Avatar
 
Join Date: May 2006
Location: Minnesota
Posts: 132
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 10
 
Thanks for the replies.

Looks like for just budgeting purposes. 2-3% is pretty good.
EpicAdventure is offline  
Quote Quick Reply Share with Facebook
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Boat Insurance DonQuijotedelMar General Discussion (sailing related) 1 11-20-2010 01:37 PM
Perils of a Pleasure Boat Insurance in Spain DonQuijotedelMar General Discussion (sailing related) 10 07-24-2007 10:05 PM
Perils of a Pleasure Boat Insurance. DonQuijotedelMar General Discussion (sailing related) 4 07-12-2007 11:03 PM
small and comfortable and bluewater.... can it be done jasonwillis711 Boat Review and Purchase Forum 9 07-11-2007 11:49 AM
Pleasure boat insurance in Spain DonQuijotedelMar General Discussion (sailing related) 0 07-07-2006 03:56 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome