[Billpotter]

Shine,

Perhaps I have been misunderstood-

I was not belittling the desire to insure against the perils you have mentioned. I share your concern. I have been married for over 26 years to a lawyer who is a claims manager for one of the country's largest insurers- she brings home all of the nightmares of heartache, loss and fraud; big stuff that most folks never hear about- she is in the trenches, and we live it; up close and personal. In my business, I have been close to weird, tragic, and unmentionable events that most folks wont believe-

Some further background:
We have owned a restored 45 year old Hatteras 38' convertible/ sportfish "classic vessel" for 15 years. It has been a challenge to merely keep her insured with property and causality coverage within 12 mile navigational limits of the US for a reasonable premium. Years ago, I could buy a rider for our Bahamas vacation- a few hundred extra bucks budgeted in for the summer trip- No big deal. One year, I was told that after having no claims, our insurer no longer offers a Bahamas rider. I have called and begged and pleaded, safe driver, master mariner, etc, etc, etc, they are no longer interested in Bahamas coverage. They apparently have taken a bath on the "riders", and are no longer willing to take the risk.

Here's the issue- they're premium is so reasonable, if I go anywhere else, the premium will be double ++. And there's more- insurers won't write coverage because of the age/ location of the vessel: hurricanes/ fraud.

Every marine insurance person I encounter has told me the options are few/ none without spending mega bucks. Of course, everything has it's price.

Example-
A few years back, an experience blue water captain I know brought his 30' xyz awesome center console to a settled yachting destination in the sorta out islands in the Bahamas- he was very familiar with the friendly port. One afternoon, he secured his awesome 30 xyz to a mooring in the harbour with reportedly an undersized pennant for the night. Everyone woke up the next morning to find the 30' xyz awesome washed up on the beach, sideways, half full of sand, ruined motors, gelcoat, rigging, electric, electronics, etc- a big claim from an experienced licensed captain with local knowledge- the result is that the rest of us pay.

Our final choice was to go on our own, or stay home because we couldn't get reasonable coverage: I wasn't staying home because of that.

Keep searching, and please let us know if you locate a resource- I'll be the first in line.