Insurance USA


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Brian.Reynolds
Brian.Reynolds
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Hi
We have our boat on the East coast of the USA. Due to heavy losses, our insurance company (Topsail) have stopped insurance for the USA. How do others manage? Any other insurance agencies doing insurance in the USA? Can we use a USA insurance company? Can we do just third party insurance?
Thank You.
Brian Reynolds
INGA
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lawrenceclough
lawrenceclough
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Michael & Anne Hartshorn - 2/11/2020
Hi,
we have been with Admiral since we left the U.K. in 2008 and they have been very good. Even with a very expensive rock in Maine that hit the keel. The change in Bluewater sailing insurance is due to the Underwriter’s, having had larger claims. Bluewater sailors tend to claim for loss of mast, grounding or total loss. So when they compare that against marina based yachts we are expensive. So it’s not going to get better, with larger yachts undertaking World Crusing, insurance companies are going to be harder to find and more expensive.
Michael, Joint Bluewater Secretary 


 



lawrenceclough
lawrenceclough
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Posts: 5, Visits: 1
lawrenceclough - 2/11/2020
Michael & Anne Hartshorn - 2/11/2020
Hi,
we have been with Admiral since we left the U.K. in 2008 and they have been very good. Even with a very expensive rock in Maine that hit the keel. The change in Bluewater sailing insurance is due to the Underwriter’s, having had larger claims. Bluewater sailors tend to claim for loss of mast, grounding or total loss. So when they compare that against marina based yachts we are expensive. So it’s not going to get better, with larger yachts undertaking World Crusing, insurance companies are going to be harder to find and more expensive.
Michael, Joint Bluewater Secretary 


 



Admiral Marine will only handle insurance for boats flagged out of the UK or for the moment remainingEU countries, and does not handle insurance for US flagged boats.
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