Insurance for Atlantic crossing

[TwoIsBetter]

I'm curious what do people do for insuring a boat for an Atlantic crossing. Ideally it would be something that covers the month of the trip from EU to US and then switch to regular US + Caribbeanb coverage. Any advice please.

[Tupaia]

It will depend on you, residency and or citizenship and the registration of the vessel. Experience will also be a factor. More info required.

[TwoIsBetter]

Thanks. It would be professionally captained and crewed to be hired for the crossing. The boat is US flagged and coming back to the US.

[Pete7]

Whilst chatting to my insurer at a boatshow one year, I asked this question.

The answer was they would right a policy for 6 months in Europe at cheap rates and 6 months in the US which is more expensive. To make it worth their while, the boat needed to be worth at least £50k and surprisingly they preferred a smaller yacht if there was only a couple of people on board to sail it.

The quote was about £1500 for the year which compared to the £300 I normally pay for UK coastal sailing.

Pete

[TwoIsBetter]

Originally Posted by Pete7

Whilst chatting to my insurer at a boatshow one year, I asked this question.



The answer was they would right a policy for 6 months in Europe at cheap rates and 6 months in the US which is more expensive. To make it worth their while, the boat needed to be worth at least £50k and surprisingly they preferred a smaller yacht if there was only a couple of people on board to sail it.



The quote was about £1500 for the year which compared to the £300 I normally pay for UK coastal sailing.



Pete

Interesting that that would cover the big expanse of the Atlantic in between lol

[Pete7]

Originally Posted by TwoIsBetter

Interesting that that would cover the big expanse of the Atlantic in between lol

Yes, however, that isn't really the risky bit. The extra premiums for the US probably reflect hurricanes and litigation risks, sadly.

[Snore]

There are several firms that write policies that cover transats. The ones I have dealt with require at least 2 crewman with transat experience and a minimum crew size of 3.

It may be prudent to simply get a 6-month policy, or pay 1/2 now and 1/2 in 6 months.... Then cancel.