Joined
·
240 Posts
Tried to price out insurance on couple of boats we are looking at. Even though the boat will be purchased and kept in the US as a home port, I have to purchase insurance in Canada.
I spoke to one broker who stated $4000 a year for $250,000 coverage (3 yr old 43ft boat) which would cover all West Coast (Canada to Panama) $5,000 deductable and $1,000,000 liability. Does that seems reasonable? I questioned whether this could be shopped and she said there are cheaper premiums but the wording is too restrictive for an international policy of this nature. It was offered by Lloyds and Im wondering if anyone else has experience with a good company (ies) for comparison in Canada?
Oh and she also mentioned that some companies like Mexico wont allow certain boats in from certain companies until you puchase mexcian insurance????
She said that because Lloyds was well accepted and known this wouldnt be the case with them....sounded suspicious..maybe not....maybe someone could confirm if this is true or not.
Thanks....
I spoke to one broker who stated $4000 a year for $250,000 coverage (3 yr old 43ft boat) which would cover all West Coast (Canada to Panama) $5,000 deductable and $1,000,000 liability. Does that seems reasonable? I questioned whether this could be shopped and she said there are cheaper premiums but the wording is too restrictive for an international policy of this nature. It was offered by Lloyds and Im wondering if anyone else has experience with a good company (ies) for comparison in Canada?
Oh and she also mentioned that some companies like Mexico wont allow certain boats in from certain companies until you puchase mexcian insurance????
Thanks....