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Prices #148377
11/09/2017 02:33 PM
11/09/2017 02:33 PM
Joined: Aug 2017
Posts: 44
Charleston, SC
C
CHS_JDE Offline OP
Traveler
CHS_JDE  Offline OP
Traveler
C
Joined: Aug 2017
Posts: 44
Charleston, SC
Was looking at charters for May/June. Moorings has jacked their prices way up and are now $1k-2k more than TMM and DYC for the same week. Maybe the little guys will get some more business!

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Re: Prices [Re: CHS_JDE] #148378
11/09/2017 04:25 PM
11/09/2017 04:25 PM
Joined: Apr 2002
Posts: 6,188
GA/NC
GeorgeC1 Offline
Traveler
GeorgeC1  Offline
Traveler
Joined: Apr 2002
Posts: 6,188
GA/NC
DYC is not exactly a little guy! In fact they are larger than the Moorings worldwide.
G

Re: Prices [Re: GeorgeC1] #148379
11/09/2017 04:34 PM
11/09/2017 04:34 PM
Joined: Aug 2017
Posts: 44
Charleston, SC
C
CHS_JDE Offline OP
Traveler
CHS_JDE  Offline OP
Traveler
C
Joined: Aug 2017
Posts: 44
Charleston, SC
Yeah. Good point. was really referring to TMM.

Re: Prices [Re: CHS_JDE] #148380
11/09/2017 05:07 PM
11/09/2017 05:07 PM
Joined: Jan 2009
Posts: 280
W
windward2c Offline
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windward2c  Offline
Traveler
W
Joined: Jan 2009
Posts: 280
New insurance premiums were just released and the difference is staggering. Expect another $500 tacked onto every charter. Of course with barely half the fleet likely this season competition will likely drive all companies prices higher soon enough.

Re: Prices [Re: windward2c] #148381
11/09/2017 06:46 PM
11/09/2017 06:46 PM
Joined: Mar 2001
Posts: 1,263
Colorado and Sailing the World
Maria_and_Steve Offline
Traveler
Maria_and_Steve  Offline
Traveler
Joined: Mar 2001
Posts: 1,263
Colorado and Sailing the World
I just asked my insurance company (Lloyds underwriter) and he stated that insurance renewal rates will increase for my sailboat by 90% to 110% for hurricane season 2018.

Wow!

Re: Prices [Re: Maria_and_Steve] #148382
11/09/2017 08:19 PM
11/09/2017 08:19 PM
Joined: May 2017
Posts: 27
TWB Offline
Traveler
TWB  Offline
Traveler
Joined: May 2017
Posts: 27
We were told a month ago, ours (also Lloyds) would be going up 75% next year. I hope that wasn't just an estimate and that it doesn't change.

Re: Prices [Re: TWB] #148383
11/09/2017 09:11 PM
11/09/2017 09:11 PM
Joined: Jan 2011
Posts: 2,288
Miramichi NB Canada
Sandsailsun Offline
Traveler
Sandsailsun  Offline
Traveler
Joined: Jan 2011
Posts: 2,288
Miramichi NB Canada
Ours doubled also


Kim

Re: Prices [Re: Sandsailsun] #148384
11/10/2017 03:44 AM
11/10/2017 03:44 AM
Joined: Dec 2007
Posts: 2,038
Charlotte, NC
N
NCSailor Offline
Traveler
NCSailor  Offline
Traveler
N
Joined: Dec 2007
Posts: 2,038
Charlotte, NC
Insurance companies use major disasters as an excuse to raise rates. They make back the money they paid out on losses and then keep rates high for as long as possible after to keep profits high. Eventually competition comes back into the market and rates go down. Expect rates to normalize in 4-5 years absent a major storm.


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