dizzyspots
Senior Nomad
Posts: 603
Registered: 9-22-2008
Location: Mescal AZ
Member Is Offline
Mood: rather be on the beach at Gonzaga
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Hull insurance for the boat
Liability is easy and affordable on bajabound.com...but what about hull insurance (comprehensive). My stateside policy covers US and Canadian coastal
waters only. Looking for suggestions on an alternative?
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BajaGeoff
Super Nomad
Posts: 1727
Registered: 1-11-2006
Location: San Diego and Campo Lopez
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Mood: Heading To Baja!!!
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Hello dizzyspots,
For hull coverage we refer people to Oversea Insurance based here in San Diego:
http://www.overseainsurance.com
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dizzyspots
Senior Nomad
Posts: 603
Registered: 9-22-2008
Location: Mescal AZ
Member Is Offline
Mood: rather be on the beach at Gonzaga
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Thanks Geoff...been using Bajabound since our 1st trip down the "old road" in 2007.....headed back in October
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dizzyspots
Senior Nomad
Posts: 603
Registered: 9-22-2008
Location: Mescal AZ
Member Is Offline
Mood: rather be on the beach at Gonzaga
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I reached out to overseas, but no reply. Any other sources?
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dizzyspots
Senior Nomad
Posts: 603
Registered: 9-22-2008
Location: Mescal AZ
Member Is Offline
Mood: rather be on the beach at Gonzaga
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OK...just got off the phone with Progressive. Here's their scoop...as long as I have Mexican Liability on the boat (Bajabound) my US comp policy on
the boat will cover the boat. They will cover transport of the boat back to the US and repair in the US... all for about $150 per year for
everything...plus the 7-8 days of the Bajabound policy YAY!!
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gallesram
Nomad
Posts: 384
Registered: 7-6-2010
Location: Laguna Beach
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Quote: Originally posted by dizzyspots  | | OK...just got off the phone with Progressive. Here's their scoop...as long as I have Mexican Liability on the boat (Bajabound) my US comp policy on
the boat will cover the boat. They will cover transport of the boat back to the US and repair in the US... all for about $150 per year for
everything...plus the 7-8 days of the Bajabound policy YAY!! |
Wow; that would cut my premium in half since I pay almost $900/year for comp & liability through a Mexican carrier (my agent is Blue Water Marine
in Newport Beach). Do you keep the boat in the US or in Mexico? I keep mine in Mulege year round so I hadn't considered using a US carrier for comp.
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Santiago
Ultra Nomad
Posts: 3512
Registered: 8-27-2003
Member Is Offline
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| Quote: Originally posted by dizzyspots | | OK...just got off the phone with Progressive. Here's their scoop...as long as I have Mexican Liability on the boat (Bajabound) my US comp policy on
the boat will cover the boat. They will cover transport of the boat back to the US and repair in the US... all for about $150 per year for
everything...plus the 7-8 days of the Bajabound policy YAY!! |
This might be old news but a few years ago Progressive put a clause in their policy that the boat could not be in Mexico for over 30 continuous days,
(maybe it was 14, I suffer from CRS). Since I keep the boat in Baja, I dropped coverage.
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Jack Swords
Super Nomad
Posts: 1095
Registered: 8-30-2002
Location: Nipomo, CA/La Paz, BCS
Member Is Offline
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Our boat resided in Marina de la Paz for 18 years. When Hurricane Marty hit it was surprising how many of the big name insurance companies found
creative ways to not cover losses. Many of them advertisers in Latitude 38. For many folks it was their only asset. Our boat has been through
several hurricanes and each time many insurance companies reacted in the same way. I would check with fellow cruisers for current info on payouts
after a loss. Some companies were fair and even generous, others not.
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