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post #1 of 4 Old 08-09-2008 Thread Starter
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Insurance for caribbean sailing

I am trying to figure out a budget for sailing the caribbean next year and I am trying to determine if I should purchase insurance.

What is your general feeling about purchasing insurance for sailing outside of the U.S.?

Does anyone know what a ball park figure would be to insure a 1978 Tayana 37 with a survey value of 55,000?
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post #2 of 4 Old 08-10-2008
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You never know how much you need it ....till you need it. Only then do you understand the difference between price and performance as hundreds of boaters caught in Ivan in 2004 could tell you. We had friends with Shannon 49 that lost the boat and their cruising dream for the lack of it...and others driven ashore who could not afford to get their boat off land.
And let's not forget that things other than hurricanes can happen.
I'm gonna guess it will run around 3-4k per year for a T37.

Opinions will vary on the need but I have seen what a difference it can make. Check out for a quote as they have a variety of policies to suit cruising area and budget and are good folks to deal with .
Welcome aboard...we have lots of Tayana lovers here!

No longer posting. Reach me by PM!
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post #3 of 4 Old 08-10-2008
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i got hit by lightening in the bahamas and glad i had insurance as the bill was over 20k to fix things - there is lots that can go wrong and after that i am a believer - as for who - i use a broker out of ftlauderdale - bill hodgens of yachtinsure and he has been great - when i decided to go north this year he redid my policy to get me lower rates as i would be out of the hurricane zone - lots of folks out there so shop around
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post #4 of 4 Old 08-10-2008
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Insuring your boat is something where you have a chance at making a rational cost/benefit decision. But don't forget liability insurance. If you have friends coming down for a week or two, if you stay in marinas in the close neighborhood of BIG boats, you have some big risks.

I have talked to many Caribbean sailors that have no coverage on their boats, but pretty big liability policies. But everyones situation is different.
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