South Florida boat owners recently found there is another good reason to be a BoatUS member. In October, the BoatUS Catastrophe or ‘Cat’ Team, made up of professional surveyors, claims processors, transportation providers and crane and barge operators, traveled to Florida and South Carolina to recover BoatUS Marine Insurance Program-insured vessels affected by Hurricane Matthew….
Pantaenius Offer Yacht Insurance Coverage for U.S. Yachts Traveling to Cuba Due to American laws prohibiting American companies from paying U.S. dollars to Cuban government entities or individuals, no U.S. marine insurance companies were authorized to offer coverage. Pantaenius America Ltd., is now offering coverage for American yacht owners who wish to take their boats…
Recently a senior pilot for US Airways told me that on commercial airplanes all operational hours are meticulously logged, and how regulations dictate that essential mechanical and electronic parts are replaced after a certain number of hours regardless of whether they are broken/worn or not. It’s purely a safety issue. On charter yachts there appears…
Just what are the regulations regarding travel to Cuba for American boaters? It seems everyone has a different answer, and that’s no surprise: the regulations have been changing seemingly faster than the printer can put out the new documents outlining them. What you read last week or last month has changed … again. The two big changes…
Within the last year, two nearly identical “multihull SAR incidents” have taken place in the Atlantic Ocean off the eastern seaboard of the United States: two brand-new, fully insured, professionally-skippered luxury catamarans were abandoned offshore with dry bilges during winter gales. (One dismasted, the other had damaged rudders.) Why? The first thing to note is…
Yacht insurance has always been a bit of an issue in the Caribbean and somewhat expensive but neither of these need be the case if Caribbean governments would make third party insurance compulsory and if insurance companies viewed the Caribbean as an opportunity rather than a risk. Too often the excuse for high Caribbean…
What would happen if your boat and personal property aboard were damaged or suffered a partial or total loss due to an accident, theft or storm? Your homeowners’ policy may provide limited coverage of typically no more than $1,500 to pay for loss by theft or physical damage to a small boat, it’s outboard motor,…
How to Survive a Hurricane They say we Homo sapiens learn from our mistakes. That’s patently false – at least in my case. The only thing my history teaches me is that I don’t learn from it. This is sad. If I learned from my mistakes, I’d be a genius – because I make so…
Liability insurance only insures you against the damages you do to another boat. ‘Hull and machinery’ covers damage or loss to your vessel.
Didier urges insurance review St Lucia – Rodney Bay Marina General Manager Cuthbert Didier says more regionally based insurance companies need to actively solicit business from visiting yachtsmen. Didier, who has formulated a major yachting consultancy for ECLAC and more recently for the Yachting Association of Trinidad and Tobago, said that for a long time,…
In the November issue of All At Sea we ran a short interview with a European insurance broker who gave us an initial response to the devastation in Grenada, in particular that: “Storing a yacht on the hard with standard rigging was always a failure. The cradles of marinas in the Caribbean are mostly not strong enough…