Originally Posted by sniper0885
Good Afternoon everyone, please bare with me if this question has been delt with before. i am shopping for insurance on a Isalan Packet 40 that i will be taking possession of in may. I have found a wide range of coverages and prices. I will be u.s. coastal most of the time for the next 3-4 years but would like to exceed the 75 mile restriction every now and then and maybe stray south to cancun mexico when the fancy strikes. Later on as i gain experience I would like to cruise to more exotic grounds. i would appreciate some tuterage on best methods to insure. If you have a favorite agent or company a phone number referal would be nice. Jim
In the USA if you are not going beyond the Bahamas, you can insure through your automobile insurance carrier in most cases. This will be the most economical type of insurance for your boat.
For Mexico you must purchase special insurance required by the Mexican authorities and most USA companies can provide that also.
Beyond USA waters you need world Cruiser insurance coverage. There are many "brokers" listed in the sailing magazines that can set this up for you. But the best one so far for 2 person crewing is IMIS in Annapolis. See them at: http://www.imiscorp.net/
They have the only 2 person on board worldwide coverage - it is called a "Jackline" policy. Most other worldwide insurance agencies require you to have more than 3 persons on board when during a passage.
If you are a European there are wonderful agencies there available to set up the insurance for your boat.