I am getting ready to pull the trigger on a 1982 61' Hatteras cockpit motor yacht and checked with my insurance guy in Florida for a quote. I am going to keep the boat in St Maarten year round, and have a very good resume of vessel ownership experience and no claims ever. I have owned a string of larger, newer boats over the years and worked in the marine business for over a decade and have run everything up to 100'. Quote for $250,000 value was around $10,000. I am wondering what you guys are doing for insurance and what you are paying for similar age and value of vessel.
Big shock as I thought it would come in around $4k - $5k a year. It also seems that since Irma there are very few companies who are writing policies on older boat in the Bahamas and Caribbean.
What to do, what to do?????