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insurance going up

Old 05-08-2021, 02:17 PM
  #1  
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Location: Oranjestad, Aruba
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Default insurance going up

Hi so I run a charter boat in the Caribbean, its an 1982 Ocean yachts 42 SS, to keep the price low on the insurance I have the value at $50.000 witch is more then what I owe on the boat....also we must have a liability for the passengers max 6 guests and the liability is for 1 million us . 2 years ago I was paying $3000 last year it went up to $ 4000, its killing me specially during this times we are not making more money then we did few years back....so my questions is how much should I be paying for my insurance considering everything above ???
Old 05-17-2021, 11:53 AM
  #2  
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Dear Intensity
Thanks for contacting us. Sorry fo rthe delayed response
The Marine Insurance market has seen a lot fewer carriers over the last five years and a steady increase in rates due to the impact of major events the last several years.
Would need to know a lot more about your operation to tell you what price you should be paying.
If you'd like to give me a call we can try to figure out what options might be available. Your profile looks like you are based out of Aruba. If that's the case, my options for you are very limited.
(800) 879-2248 ask for Dave and he can explain what options you may have for your charter operation.
Old 06-02-2021, 04:36 PM
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Will do Dave thanks for getting back.
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