However this varies from region to region.

Sailing catamaran insurance. So a 100000 yacht will cost 1500 to 2000 per year to cover for Florida-Bahamas private use. Extended Third Party Insurance For Private Skippers The insurance covers claims made against you as well as a defense against unjustified arrears but does not cover the deposit the damages that were deliberately induced the damage you cause to certain close relatives spouses children nor penalties or fines. Access to 247 medical emergency hotline.

Just Catamarans is on the APPROVED list as a service provider for all major insurance companies. When it comes to insuring catamarans worldwide Hanham Insurance Agency is renowned for securing the strongest coverage and lowest premiums for our clients while offering exceptional personal client service. As a very general rule the annual premium for private yacht use coverage is 15 2 of the declared hull value.

Catamarans Insured for Private Use. All our products include cover for sailing outside territorial waters which is often excluded on general travel insurance products. If you own a catamaran most yacht insurance companies will require that the vessel be north of 305 degrees longitude or south of 10 degrees north latitude from July 1st to November 1st.

Hurricane season runs from June to November with the most active part of the season occurring from August to September. As detailed below owners are advised to consult with an experienced marine insurance broker when acquiring or modifying their policies. You will be asked to confirm that.

Catamarans Insured for Private and Charter Use The annual insurance cost of owning a 40-foot sailboat in the Hurricane Zone meaning Florida Caribbean and the Bahamas usually cost around 15 17 of the hull value. We have programs for all sailing yachts and our sailboat insurance coverage extends worldwide from the USA Bahamas Cuba and Caribbean through the Panama Canal Pacific Ocean and the Mediterrranean and all other areas. The cost of insuring a catamaran is based on hull value location and type of use of the boat.

Interestingly we have also been receiving calls from prospective buyers wanting to buy damaged catamarans to either fix for themselves or to fix and sell to others. Enter your details below and press the Submit button. Catamaran Insurance Underwriting Criteria.