Insurance and cruising... - SailNet Community
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post #1 of 41 Old 04-22-2013 Thread Starter
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Insurance and cruising...

When we first started cruising, around 2000, some had insurance, some didn't. We checked in to many marinas, and it was never a problem, and they never asked. I remember the old adage, "How do you know when you are ready to go cruising? When you can sail off without insurance."

My, my, haven't things changed.

At the Harborage Marina, St Pete, not only do they demand insurance, but they require you to list them on it AND they maintain an up to date file in the office. They remind YOU when it starts to get close to renewal.

Marathon Marina... same way. I had to make a copy and show full coverage.

Now this is new: At Mantanzas Pass (Fort Myers Beach) Mooring Field, you have to fill out their paperwork, list your insurance, broker, number, etc. This is for a mooring field, not a marina, a floating ball in the water.

I cannot think of a single marina we have stayed at that did not require insurance, and/or a copy of it. We actually carry copies of our policy now to hand out at check-in. Some are quite specific in amounts they require you to carry or you are denied mooring there.

For those thinking about cruising, I suggest you take this into account. Things have changed, from my perspective. The days of live free and let live seem to be overshadowed by the bright lights of the court rooms and legal offices. Don't get me wrong: I always carried insurance and always will. I believe in it and feel it is right for us. But it seems the ability to choose to have it or not are gone.

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post #2 of 41 Old 04-22-2013
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Re: Insurance and cruising...

Are these for long-term stays Brian, or does it include transient stays as well? Also, do you know how wide-spread this is? I think your examples are all Florida. What about the great beyond?

FYI, I have never encountered this insurance demand up here on the Great Lakes, but I avoid marinas as a rule, so I may have simply missed this trend.

Why go fast, when you can go slow.
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post #3 of 41 Old 04-22-2013
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Re: Insurance and cruising...

You can bet that if they're collecting this info...they'll intend to use it too.

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post #4 of 41 Old 04-22-2013
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Re: Insurance and cruising...

CD,

What kinds of minimums are you aware of?

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post #5 of 41 Old 04-22-2013
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Re: Insurance and cruising...

My new boat is on the deck of a ship in the middle of the Pacific. In order to get the boat to Norfolk and have the final fitting out done had to get an insurance binder. It's staying on a slip in R.I. for a season. Again needed insurance. Think they are more worried about you having liability insurance at the Marinas but need for insurance becoming generic even if you have no loan on the boat ( seems all finance companies require it).

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post #6 of 41 Old 04-22-2013
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Re: Insurance and cruising...

My marina is the same way for for slip holders, at first I was a little put off about it BUT I got to see things at a different angle. There are some really irresponsible and ignorant people who buy boats that could cause great damage through their actions or neglect. I now look at this policy as a positive thing.
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post #7 of 41 Old 04-22-2013
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Requirements for certificates of liability insur are getting stricter. I have seen a few require it for an overnight but most don't bother for short stays. Anything over a week almost always requires a cert.
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post #8 of 41 Old 04-22-2013
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Re: Insurance and cruising...

The worst for this is Australia where many marinas want $10 million in liability, most others want $5 million. Scarborough Marina in Brisbane accepted our Jackline policy with $500,000. They get a lot of foreign visitors. We stopped for one night at the marina in Airdrie Beach so we could touch base with an electronics tech. After thinking about it for an hour they said we could contact our insurance company to see about increasing our limit. I was going to point out the 11 hour time difference and the fact it was one night (at a high price), but thought I would leave well enough alone. Remarkably, in the morning when I took the key back to get my deposit they asked if I had talked to my insurer and I assured them that they were working on it. We used a marina in Darwin and the said they wanted $5 million but I could arrange a local supplement. When we got there they only wanted a copy of our insurance and did not mention the liability amount.

Heading back to Lake Ontario for this summer. Ainia is back in North America for the first time since 2010. Currently in Long Island Sound.
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post #9 of 41 Old 04-22-2013
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Re: Insurance and cruising...

Quote:
Originally Posted by night0wl View Post
You can bet that if they're collecting this info...they'll intend to use it too.
Well they only intend on using it if your boat causes or is involved in an insurable incident. I think it is only reasonable in a slip, as if you wind up with a propane leak and blow up your boat and burn down your 6 neighboring boats it is only fair that you at least have liability insurance. After all they should not have to pay if your boat causes damage to the docks and other boats.

They can only use it if you are in an insurable action, they get nothing from collecting it if you aren't.

Now on a mooring I see a lot less risk. Really just a mooring ball and hardware.
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post #10 of 41 Old 04-22-2013
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Re: Insurance and cruising...

Who is driving this increasing demand for higher liability coverage? Is it the marinas, or is it the insurance companies?

This issue frustrates me b/c the real risk involved in boating activities is exceedingly low. I've looked at the North America accident data, and the rates of recorded injury, damage and death are very low. Despite this, insurance demands seem to be climbing at a very steep rate.

Why?

Why go fast, when you can go slow.

Last edited by MikeOReilly; 04-22-2013 at 05:25 PM.
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