My current insurer (TopSail UK) informed me, shortly after their invitation to renew by the way, that they will not be able to renew my policy due to changes in the underwriters requirements.
I followed the advice on the forum checking with a few other providers, including Y-Yacht and Pantaenius US. Both reported that they could not provide coverage. That left me a bit unnerved...I have been with the same company for years without issue, have no claims, keep the insured amount reasonable, and have not changed the use or location of the vessel.
Y-yacht reported that they were not allowed to provide coverage to a US vessel due to licensing. It was not clear if that is due to the homeport location or flag)
I pressed Pantaenius US for a reason and their response it that it is the vessel location in the Caribbean. Their exact response is that no coverage is provided: "South of 30.5 degrees north latitude in the Atlantic Ocean, inland waters, Caribbean Sea, Gulf of Mexico, and the Panama Canal, between July 15th and November 1st,"
That seems to be an awfully large area with zero yacht insurance? I asked about the southern limit, IE is Grenada OK...nope there is no southern limit.
Can this be correct?
SV Annie SM 37