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GeorgeC1
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Re: BVI and Insurance Companies?
      09/28/17 06:25 PM

On the charter boat side insurance policies are from all over. Voyage a few years ago used a company in South Africa. I suspect they still do the same. Moorings underwrites through Lloyds. There were some smaller companies using a local company. The average value of a charter boat payout I suspect will be closer to 200,000.00 if totaled, less if repaired.
I don't see how a company can just refuse to pay. They would cease to be a insurance company at that point. They could however fail which could be a nightmare for those of us who own boats. If a specific charter companies insurance fails I see know way the associated charter company would not fail so they have a vested interest.
One thing that will be interesting is how many owners choose to invest the insurance money in a new boat verses taking the money and running!

Edited by GeorgeC1 (09/28/17 06:28 PM)

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Entire topic
Subject Posted by Posted on
* BVI and Insurance Companies? cwoody 09/28/17 02:04 PM
. * * Re: BVI and Insurance Companies? cwoody   10/03/17 02:04 PM
. * * Re: BVI and Insurance Companies? sail445   10/03/17 03:12 PM
. * * Re: BVI and Insurance Companies? CGB   10/03/17 03:38 PM
. * * Re: BVI and Insurance Companies? BaardJ   10/04/17 05:30 PM
. * * Re: BVI and Insurance Companies? GeorgeC1   10/04/17 06:30 PM
. * * Re: BVI and Insurance Companies? Manpot   09/28/17 07:47 PM
. * * Re: BVI and Insurance Companies? GeorgeC1   09/28/17 08:14 PM
. * * Re: BVI and Insurance Companies? Maria_and_Steve   09/28/17 05:44 PM
. * * Re: BVI and Insurance Companies? CGB   09/28/17 06:12 PM
. * * Re: BVI and Insurance Companies? TWB   09/28/17 08:33 PM
. * * Re: BVI and Insurance Companies? GeorgeC1   09/28/17 06:25 PM
. * * Re: BVI and Insurance Companies? maytrix   09/28/17 08:41 PM
. * * Re: BVI and Insurance Companies? TWB   09/28/17 08:53 PM
. * * Re: BVI and Insurance Companies? Deepcut   09/28/17 10:04 PM
. * * Re: BVI and Insurance Companies? CGB   09/29/17 12:53 PM
. * * Re: BVI and Insurance Companies? NCSailor   09/29/17 02:33 PM
. * * Re: BVI and Insurance Companies? cwoody   10/03/17 01:04 PM
. * * Re: BVI and Insurance Companies? CGB   09/29/17 02:46 PM
. * * Re: BVI and Insurance Companies? Maria_and_Steve   09/29/17 03:19 PM
. * * Re: BVI and Insurance Companies? burge   09/29/17 03:45 PM
. * * Re: BVI and Insurance Companies? Maria_and_Steve   09/29/17 05:19 PM
. * * Re: BVI and Insurance Companies? CGB   09/29/17 05:34 PM
. * * Re: BVI and Insurance Companies? NCSailor   09/29/17 06:29 PM
. * * Re: BVI and Insurance Companies? StormJib   09/29/17 03:35 PM
. * * Re: BVI and Insurance Companies? bvilovercgb   09/28/17 07:02 PM
. * * Re: BVI and Insurance Companies? Maria_and_Steve   09/28/17 07:20 PM

Travel and Vacation Forums >> British Virgin Islands

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