All policies have some restrictions. I never had winter layup, usually
the boat gets used 12 months a year more or less. My old navigation
limit without a rider was the Chesapeake and Delaware Bays. Now I have
by default the East Coast and Gulf Coast and out 75 miles. I could pay a
bit extra and get 100 miles out for Coquina, they won't cover a 13 foot
Boston Whaler past 75 miles out for some reason LOL. I think I can add
Mexico and Canada pretty cheaply, but from the sounds of the policy they
probably assume I would trailer the Whaler there and launch it to go
fishing, not sure about sailing to Mexico from here.
Coquina was paid off long before this list existed, so I can just take
off and not worry about insurance if I have to.
Joe
Coquina C&C 35 MK I Kent Island MD USA
On 4/1/2020 8:02 AM, Josh Muckley via CnC-List wrote:
Joe, I'm pretty sure if you check, your "full coverage" has
limitations as to where you are covered and under what type of
operating conditions. For example, when we purchased Sea Hawk we had
"full coverage" but were not covered for any type of racing. The
recreational boating we were covered for was only on the inland waters
of the Chesapeake Bay, Delaware Bay and associated tributaries (the
policy called out the lines of demarcation), and we had a winter
lay-up period of December 1st to April 1st. Since then we've moved to
commercial insurance for operating the boat as a 6-Pack, we also
shifted the layup period to between January 1st and April 1st. The
original price was ~$800/yr, now we're ~$1300/yr.
During the delivery from NYC we needed a letter from the underwriter
stating that for the purpose of delivery we could travel between
certain dates and along a limited path in order to get the boat home.
As for blue water and international travel I've heard that the biggest
thing to do is to get the boat paid off so that keeping insurance is
not required for the bank. There are companies who will provide
coverage unlimited coverage but the more cost effective way to get by
is to plan your trip with the insurance company and pay for the
limited amount of coverage needed for the duration and location of
your travel. For example, it might be $3000 to get across the Atlantic
Ocean and then $1000/yr for the duration of your stay in the Med, then
$3000 to get back across.
Josh Muckley
S/V Sea Hawk
1989 C&C 37+
Solomons, MD
On Tue, Mar 31, 2020, 08:57 Joe Della Barba via CnC-List
<cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com>> wrote:
Is someone paying $3,000 for insurance? Yikes!!!!!
I am paying about $600 for THREE boats full coverage with
Progressive.
IIRC, declared value of $25K on Coquina and $1500 each for the dinghy
and the Whaler.
Joe
Coquina C&C 35 MK I Kent Island MD USA
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every one is greatly appreciated. If you want to support the list - use PayPal
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_______________________________________________
Thanks everyone for supporting this list with your contributions. Each and
every one is greatly appreciated. If you want to support the list - use PayPal
to send contribution -- https://www.paypal.me/stumurray
