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Insurance Woes

Marine Insurance/Health Insurance/Banking/Bill Paying/Taxes

Insurance Woes

by Al Golden » Sat May 12, 2018 10:01 am

Every once in a while the cruising community is subjected to distorted palaver concerning unpaid claims. The reality is usually dramatically different then what’s being stated.

Recently, on another forum, someone stated that Pantaenius had refused hurricane claims on Virgin Gorda. The reality is that of the 15 claims, a majority were declined because the yachts had not been covered to be in Virgin Gorda, ever, or at that time of year.

That is the sort of thing that makes this Insurance Broker wonder how many other nasty situations exist out there. How many yacht owners pay little or no attention to their situation as it changes through the years, and/or fail to keep their agent informed.

Al Golden
Al Golden
Posts: 108
Joined: Wed Jun 21, 2006 11:55 am
Location: Wye River, Chesapeake Bay, MD
Vessel Name: EILEEN LEE
Vessel Make and Model: Ranger 25

Re: Insurance Woes

by Scott Berg » Sun May 13, 2018 8:56 pm


Good point. I often see comments confusing brokers and underwriting companies, and people complaining about claim service that, at least to this cruiser, seems quite reasonable. I've had insured yachts for 45 years, had one claim. The company, Markel, was fair and fast. I think I can speak for many at SSCA that your knowledge and commitment to providing great support to our community is appreciated.

Scott Berg
Past President, SSCA
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