Alan,
What coverage area did you ask for.  My insurance for the US East Coast (90K value) including the Bahamas (from Markel) was a little less, but not much.  I've had my insurance with Markel since 2005.

John

On Wed, May 27, 2009 at 6:38 PM, Alan P < ([email][/email])> wrote:

Allen,

Markel would not cover me, as they need a year before offering offshore coverage.

My insurance guy (Smithwick and Mariners) found me Traverelers. Maine to Bahamas for 1300 with the requirement I be north of NC June 15 and out of the water between 10/15 and 5/15. I had to purchase a special Bermuda endorsement for 750.

No one else would touch me for the trip to Bermuda for less than 3500 and requiring experience crew. As I said, Markel required that I be with them a year before covering an offshore passage.

— On Wed, 5/27/09, John Stevenson <> wrote:

Alan,
Only your insurance agent can answer those questions.  My understanding of the Markel policy (I actually haven't looked at the Ts&Cs for several years – so I can be at much greater risk than I think) is that I am uninsured for any potential claims in the exclusion zone and time period.  It isn't that Markel would not pay a claim, but they are not obligated to do so (I guess that is the same as saying they wouldn't pay).
That's one of the reasons I'm currently in Charleston and not in Florida.

John

On Wed, May 27, 2009 at 9:14 PM, Alan P < ([email][/email])> wrote:

Since I am a lawyer and in the insurance business I cannot resist.

If you are in the water during the no-no time, or in the no-no zone, you have no coverage. Otherwise you are entitled to make a claim. Doesn’t mean they’ll pay. And of course if you have a bank loan and you either are in the water during the no n o time, or in the no no zone, it’s a no no. Which means the bank can accelerate your loan.

<.. snip>

Post generated from Pearson424 Forum using Mail2Forum

Alan,
I have jackline and I am covered for everything except damage by a named storm, when in the no no zone during no no period. hence my boat is on the hard in Trinidad now, until Nov. 1. In certain areas you can get coverage at a premium and double the deductable. There is also an additional premium for being in the caribbean.
Joe,

— On Thu, 5/28/09, Alan P <> wrote:

I don’t know about Bermuda specifically, but I pay an additional $650 to be covered south of the Turks and Caicos.
Joe,

— On Thu, 5/28/09, Alan P <> wrote:

I expect so….I originally just took coverage for Maine to Florida and Bahamas incl, T&C, then added Caribbean when I got there, and that was the additional $650/year.

— On Thu, 5/28/09, Alan P <> wrote:

Alan,
You really need to be directing these questions to Al Golden.
However it is a good idea to wait until you are sure you are going to leave before adding coverage outside of your normal sailing area.  Last year, when I was getting ready to spend the winter in the Bahamas I kept my coverage for just the Chesapeake Bay then added the additional coverage for the Bahamas about a month before departing.  It cost the same as if I had taken the full area coverage from the start, but then if I had not left the Chesapeake I would have been out the extra premium for coverage I didn't need.  Of course it didn't save me any money, because I made the trip.

John

On Thu, May 28, 2009 at 7:42 AM, Joseph Steiner < ([email][/email])> wrote:

Without having seen the policy, I would venture to say, if you are in the water in a no no zone, you’re sunk – figuratively speaking.

<.. snip>

Post generated from Pearson424 Forum using Mail2Forum

you got that in writing, right?? 🙂