I'm sure this subject has come up before but I can't seem to find it in the archives.
We have full coastal insurance (200kn offshore) - which is not cheap.
Now we are looking at blue water insurance for 12 months and the figures currently being bandied about by the various companies are frightening.
This is even after giving specific destinations - i.e Brisbane - New Caledonia - Vanuatu - Louisaides - Cairns.
$7000 seems to be the starting point - this is on top of the $1000 coastal insurance
What do all you long term cruisers do about blue water insurance?
With our yacht owned outright - I'm of the mind that I'd rather invest in some decent safety and navigation gear and take our chances. If it comes to losing our vessel, I'm sure we'd have other things on our mind at the time.
Be interested to hearing your experiences and views
Fair winds
Mico
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