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Thread: Insurance company with big deductible

  1. #1

    Default Insurance company with big deductible

    I was wondering if anyone knows of a good insurance company that can cover my boat but want a $50,000 to $100,000 deductible to bring the overall insurance price down. I only want to cover my boat if it's totaled and anything that can be repaired I will cover. Need worldwide coverage.

    Thanks in Advance.

  2. #2

    Default Re: Insurance company with big deductible

    dunno about $50-100k deductible but i have taken a half-price premium for 2-handed round the world - 5.5k for a 400k cat with Admiral in the uk.

  3. #3
    Join Date
    Aug 2009
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    Default Re: Insurance company with big deductible

    Maybe ask Paul (ForumAdmin) he has just been researching this.

    Mike
    Nothing works on an old boat, except the skipper.

  4. #4

    Default Re: Insurance company with big deductible

    Thank you. Will check into it.

  5. #5
    Join Date
    Oct 2008
    Location
    Annapolis, MD
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    709

    Default Re: Insurance company with big deductible

    Ask a Yacht Insurance Broker. Let him do the heavy lifting.

  6. #6
    Join Date
    Oct 2008
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    50% Uk 50% on my boat
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    Default Re: Insurance company with big deductible

    I am really into this subject at the moment.
    Hope to achieve an outcome by tomorrow and will post results then.
    Safe Sailing
    Paul
    Blog: www.suliere.com

  7. Default Re: Insurance company with big deductible

    Quote Originally Posted by OkinawaCat View Post
    I was wondering if anyone knows of a good insurance company that can cover my boat but want a $50,000 to $100,000 deductible to bring the overall insurance price down. I only want to cover my boat if it's totaled and anything that can be repaired I will cover. Need worldwide coverage.
    Thanks in Advance.
    Hey OkinawaCat- send me an e-mail. I do marine insurance to keep the cruising kitty full- I work for IMIS (International Marine Insurance Services). With a name like that, you can tell we're specialists in worldwide coverage.

    Fair Winds,
    Susan
    sailor@tabbycat.us
    s/v TabbyCat
    MaineCat 41, currently in Panama

  8. #8
    Join Date
    Aug 2009
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    Default Re: Insurance company with big deductible

    Tabbycat Susan, welcome. Please will you put up a link to your website too.

    Mike
    Nothing works on an old boat, except the skipper.

  9. Default Re: Insurance company with big deductible

    Quote Originally Posted by dmmbruce View Post
    Tabbycat Susan, welcome. Please will you put up a link to your website too.

    Mike
    My personal website which has an insurance quote request form is http://www.tabbycat.us/Insurance.htm

    The IMIS corporate website is www.IMIS.pro . You can also fill out the quote request form there, but you might get assigned to another (non-catamaran owning ) agent unless you ask for "Susan" in the last question where they ask "How did you learn about IMIS?"

  10. #10
    Join Date
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    50% Uk 50% on my boat
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    Default Re: Insurance company with big deductible

    is it worth having a forum dedicated to finding marine insurance - it would keep all the threads together for easy reference and allow any brokers or insurance companies to take part - could prove handy one a year?

    Its may also be worth providing a list of insurance providers on this forum in a sticky thread at the top that an always be updated.
    Safe Sailing
    Paul
    Blog: www.suliere.com

  11. #11
    Join Date
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    Default Re: Insurance company with big deductible

    I like the idea of a separate forum.

    Mike
    Nothing works on an old boat, except the skipper.

  12. #12
    Join Date
    Aug 2010
    Location
    Far North Queensland Australia
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    283

    Default Re: Insurance company with big deductible

    Quote Originally Posted by dmmbruce View Post
    I like the idea of a separate forum.

    Mike
    G'day Mike Nice idea Make it happen & we will all be better off. Seperate forum - up top heading. Very important subject & can be extremely expensive. I know I'll be e-mailing Susan - for sure.

    Get Susan to mentor the site - to keep it at a high level of 'truth' & that'll be the greatest real value - to us all. Make sure 'the site' gets kept - on topic & not 'hijacked' " :th("

    Keep well all you mob. Ciao, james

  13. #13
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    Default Re: Insurance company with big deductible

    Might aso be a good idea to have guest appearances on that new forum, specialy to deal with stuff like insurance for liveaboards who are cruising, health, possessions, international insurance (i.e. buying insurance from another country brokerage) single handing, ways of reducing fees (qualifications, deductibles, restricted area coverage,) etc.
    Insanity is continuing to do the same thing and expecting different results

  14. #14
    Join Date
    Aug 2010
    Location
    Far North Queensland Australia
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    Default Re: Insurance company with big deductible

    Quote Originally Posted by Talbot View Post
    Might aso be a good idea to have guest appearances on that new forum, specialy to deal with stuff like insurance for liveaboards who are cruising, health, possessions, international insurance (i.e. buying insurance from another country brokerage) single handing, ways of reducing fees (qualifications, deductibles, restricted area coverage,) etc.
    YES :y) All of those & more Let's get it happening :t) jj

  15. #15

    Default Re: Insurance company with big deductible

    I know a few people here in Japan who are looking as well.

  16. #16
    Join Date
    May 2011
    Location
    North Vancouver, BC, Canada
    Posts
    31

    Default Re: Insurance company with big deductible

    Looking over here in the Pacific North West (Canada) too. :y)

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