I'm a newbie to boating. I am curious if anyone has an idea of what boat insurance would be on a 44' twin engine trawler kept in St. Maarten year round. I am just looking for a ball park figure,
give or take $1000/yr.
1985 44' Tollycraft, fiberglass hull. I'm a certified Coast Guard Aux boat crew member with 35 hrs of helm time in boats from 22' to 40'. I have approx 100 hours as a boat crew member. I hope this info helps.
OK everybody I will get my ducks in order. But from what I have posted so far, is $5000 a year about right? What are boaters paying? Any numbers would help while I further my search.
Thanks in advance everyone!
When we bought our most recent boat, some quotes were double others, so the company will also make a big difference. As others have said, no experience owning a boat, even a smaller one, may make it even more difficult to find coverage. Only Boat US would insure our 31 foot sailboat when we first bought it, even though we had owned several boats under 20 ft. prior to it, and I had experience working and operating a friend's towboat (just under 30 ft.). In sum, too many variables, but I'd say it will be much less than 5k.
$5000 a year is a LOT!!! But that may be what it takes for the conditions you are presenting. Many insurance companies will want the boat out of there during hurricane season. If you leave it and want it insured, you will pay dearly.
I have no ownership background unfortunately
I made an informed decision to go without comprehensive coverage (the marina requires liability coverage). If it sinks, then it sinks. I will mourn the passing, but life will go on apace.
John