> From: Bob Austin -------------- Original message -------------- >I wonder why the limits of Shorepoint. are Hawaii East to Turkey (Turkey East to Hawaii would be the "other half")? >This would leave out Cypress (?), Egypt, Isreal, and of course the South Pacific. I was talking about the limits I have on my policy, not what they have. I was showing that they allow wide areas of coverage, something that is not easy to get. >I think that terrorism and government siezure would be very low on the list of reasons for claims. Do you have any stastics on this claim >group? The only siezes we had first hand knowlege about were for violation of laws--such as guns aboard, drugs, violation of military zones, >failure to obey laws and rules, murder, and failure to pay proper fees. I have a lot of friends who have circumnavigated and never had >probelms with siezes. No I do not have the stats, that is something underwriters would have, and if it is low risk, then the cost should be affordable. The reason I buy insurance is not to cover common problems, but less common. I believe expensive power boats are more likely to get seized. I know of only one case, but it was painful for the owner, I think I have read about one or two in SCCA or somewhere, but I am not sure, I just wanted to be covered if I could. Centainly it is better to have the coverage then not! >I note that Shorepoint is an insurance agency--not a primary insurance company (or so it indicates on the web site) and that they are located >in Costa Mesa CA--close to Nordhavn's West coast office. This may explain why they are popular with Nordhavn owners. It would be >interesting to know what companies they use. There are a number of companies who do not insure in the United states, but do insure aboard, >for less money. Bob do you really think Nordhavn owners are so simple minded financially they base their buying decision aon where the office is? I know most Nordhavn owners I talk to mention it is hard to find anyone who will write insurance for two people to cross oceans and cruise the world with a powerboat with the coverage's they want. The agency I used before Shorepoint was located in Seattle and worked well in theUS but was not able to provide coverage for me to cross oceans. Also from what I could find out about foreign insurers was that they do not want to cover US boats even when the boats are outside the US. This was a topic at the dock in Barcelona last week--I heard US sail boaters complain how they can not get the less expensive insurance that the guy next to them can get. >If Al Golden comes aboard, I will let him explain how his agency became involved in Markel. Disclosure: my boats are insured with Al's >International Marine Insurance and I have no knowlege of Shoreline. I did discuss at length with Al about other programs. I am not endorsing >his program, but it seems to be well thought out. When I was on the Board of directors of SSCA, we looked very carefully at the Bluewater >insurance company relationship with SSCA and the claims. Also there was a time after Hurricane Hugo, when a large number of world wide >cruising boats were left out hanging because of a sponsored plan, when this plan failed. Claims were not paid, and boats in remote areas no >longer had insurance. >Bob Austin I also talked at leangth with various insurance agencies including Al's, and while his program was interesting it did not meet my requirements. Bob I get the sense that you think any choice other then yours is not as good. Am I misreading that? I mentioned Shorepoint because most powerboats I talk to who are actually doing world cruising today seem to use Shorepoint and I am just offering it as a suggestion for those who intent to do world cruising to add to there list to investigate. You mentioned in a prior post that when you cruised you did it without insurance. Things are different today. About half of the Spanish marinas require proof of insurance to stay overnight. I had one marina turn me away because my policy coverage's page was not written in Spanish!