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[Amel Yacht Owners] Re: Insurance (2016/7) - Single handed coverage??
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Alexandre Uster von Baar <uster@...>
Good morning Bill,
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The liability is for 3 million Euro (mu current insurance is 7 million euro). Ho yes, I can’t believe the difference between Pantaenius that quoted me for 7.000 Euro (or $7500) My current insurance which is 3700 Euro (or $3900) And Y Yacht insurance which 2400 Euro (or $2600). Therefore Y Insurance is the strictest regarding coverage during named storm, there is no coverage unless you are on a crate in specific location. Sincerely, Alexandre -------------------------------------------- On Thu, 2/23/17, greatketch@... [amelyachtowners] <amelyachtowners@...> wrote:
Subject: [Amel Yacht Owners] Re: Insurance (2016/7) - Single handed coverage?? To: amelyachtowners@... Date: Thursday, February 23, 2017, 6:45 AM Alexandre, Was that quote for hull insurance only? or did it include liability coverage as well? That is about what we pay for our Pantaneous policy, just for hull insurance. US$3M liability adds another $1200 per annum. It is fascinating to me to see the differences in terms and pricing even between policies written by the same company. It just reinforces the advice to shop and negotiate for your own situation, and not rely on anecdotal comments from others to decide what works for you. Although those anecdotes can sure help with the negotiation :) Bill KinneySM#160 HarmonieMayaguez, Puerto Rico ---In amelyachtowners@..., <uster@...> wrote : Good morning, Just to add information to the subject. I requested a quote from Y Yacht Insurance. for 280.000 Euro vessel ($300.000) the premium is 2400 Euro ($2600) for cruising area (Easter) Caribbean Lat 9N to 19N and Long 58W to 68W PLUS the ABC (Aruba, Bonaire and Curacao). There is NO coverage between June and November during windstorm name, unless the vessel is: -In the water Chaguaramas (Trinidad) or the ABC -Ashore in Grenada or Antigua on the One piece purpose built crate (deductible is increase to 6000 Euro) -In the new Marina in Fort De France, in double slip with all lines double (deductible is increase to 6000 Euro) -Solo is limited to 18 hours. We have been talking back and forth, I mentioned my lines are always double, explain how many fenders I use, etc. so they would consider adding the Anse Marcel with triple dock lines. I am seriously considering using them once my current insurance expires. Sincerely, Alexandre SM2K #289 NIKIMAT Harbor View Marina, Tortola, BVI |
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Alexandre Uster von Baar <uster@...>
Good morning,
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Just to add information to the subject. I requested a quote from Y Yacht Insurance. for 280.000 Euro vessel ($300.000) the premium is 2400 Euro ($2600) for cruising area (Easter) Caribbean Lat 9N to 19N and Long 58W to 68W PLUS the ABC (Aruba, Bonaire and Curacao). There is NO coverage between June and November during windstorm name, unless the vessel is: -In the water Chaguaramas (Trinidad) or the ABC -Ashore in Grenada or Antigua on the One piece purpose built crate (deductible is increase to 6000 Euro) -In the new Marina in Fort De France, in double slip with all lines double (deductible is increase to 6000 Euro) -Solo is limited to 18 hours. We have been talking back and forth, I mentioned my lines are always double, explain how many fenders I use, etc. so they would consider adding the Anse Marcel with triple dock lines. I am seriously considering using them once my current insurance expires. Sincerely, Alexandre SM2K #289 NIKIMAT Harbor View Marina, Tortola, BVI -------------------------------------------- On Sat, 2/18/17, derickgates@... [amelyachtowners] <amelyachtowners@...> wrote:
Subject: [Amel Yacht Owners] Re: Insurance (2016/7) - Single handed coverage?? To: amelyachtowners@... Date: Saturday, February 18, 2017, 7:35 AM I have Pantaenius US insurance with geographic restrictions (cannot go to Haiti, Venezuela, Panama Canal or Cuba, above 52 degrees North latitude or below 7 degrees North latitude or east of 50 degrees West longitude) but otherwise good for US East and Gulf coasts and all of the Caribbean. There is a named tropical storm plan requirement from July 15 through November 1, which I have filed as being strapped into a steel cradle in Antigua. This plan earned from Pantaenius US a 5% deductible for hurricane/TS damage. There is no singlehanded restriction of any sort. I am allowed a part time paid crew for up to 90 days. Total agreed fixed value is $415,000 for which the premium is $6501.50. I also carry a 1 million dollar liability coverage for an additional $650.00. I have in almost 4 years of ownership submitted no claims, and Pantaenius US has renewed like clockwork every May. Derick GatesSM2K#400 BravaCurrently in Sapphire Beach Marina, St. Thomas, USVI |
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Thanks to all those who have contributed so far. It would be great to hear from others who sail single handed at times too about who they use. This discussion pretty much sums up what we were thinking, especially Bill's comment (and Alan's) about there potentially being some room for negotiation on certain clauses based on one's experience, history and the specific sailing zones covered. Naturally we would understand/support the logic for paying a higher excess for any claims whilst single handed as this is not our normal situation, but will sometimes be unavoidable. In going through our Panteanius PDS clauses in fine detail yesterday there were many very handy "extras" that would provide great peace of mind for sailing in the remote areas we intend to sail this year, (eg medical, and evacuation costs etc etc). We see them as the most widely recommended company internationally and since we have had 6 years of very good ongoing relations with Panteanius (both UK office and Australian office when it opened), we will be going back to their Sydney first to see what can be done in relation to the single handed clause, rates for all zones we will sail through, and to ensure we are not later on lumped with a new "anchored watch person" restriction. Since we are still a UK registered yacht we will also approach Y Yachts today to find out more on their product, as well as the NZ Broker "Bailey's". Colin & Lauren Streeter Island Pearl II, Amel 53 #332 Brisbane On Thu, Feb 2, 2017 at 10:23 AM, Danny and Yvonne SIMMS simms@... [amelyachtowners] <amelyachtowners@...> wrote:
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Colin Streeter 0411 016 445 |
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Danny and Yvonne SIMMS
Hi, I have been around for too long. I have insured things nautical and private and business for 40 plus years. I have had mostly good experiences with claims. Some excellent some good, and only two shockers. Both shockers were I think caused by the individual appointed by the insurers to asses the claim. If you don't like the look of the appointee, ask for another. However, if you are offered a policy with a Lloyds company called Haven Knox Johnson you will find the premiums cheap, but in my view you should consider very carefully before you insure with them Danny From: "divanz620@... [amelyachtowners]" To: amelyachtowners@... Sent: Thursday, 2 February 2017 9:49 AM Subject: [Amel Yacht Owners] Re: Insurance (2016/7) - Single handed coverage?? Hi Colin, We go through a broker and the insurance eventually ends up with Lloyds. Very few restrictions....single handing was on the list and they came back with some stupid deal of only daytime and no more than 100nm. Well I went back to the broker and said come on that's ridiculous, where am I going to sail in the Pacific that fits that...he said, well tell me what you want...OK, for example Port Vila to Noumea...that's few hundred miles and a couple of overnights. He came back with OK agreed to that but your policy excess will double for single handing. Of course I've never had to make a claim on this policy but I must say the broker is always co-operative in finding solutions....I have known him a long time. I did investigate Pantaneus Australia some time ago, but they had some funny clauses I seem to remember and were quite expensive, but they had only just started then. As for rigging, my insurance doesn't have a 10 year requirement, but I had all the standing rigging replaced last year as it was 12 years old....didn't show any signs of fatigue, but, as a precaution I did it any way. Cheers Alan Elyse SM437
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