Thread: Insurance
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Glenn Ashmore
 
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Until you can point them at a specific boat and are ready to pay to have it
professionally surveyed nobody is going to give you a quote or even an
estimate. Especially if you plan to use if for hire. For a 70' er in
crewed charter in the Caribbean brace yourself for something on the order of
$10K-$15K +/year.

OTOH, a 70' charter in very good condition with an experienced skipper, crew
and cook that know how to cater to their clients will bring $8-10K a week
for 16-20 weeks a year in the Caribbean. But you have to pay booking fees,
cruising permits, provisions, maintenance and a host of other things out of
that.

I have a friend with a 60' something cat chartering in the Windwards.
Beautiful spacious 10 bunk boat in gold plater condition. Wife is a trained
chef and they have been building their reputation for 8 years. After
expenses he pays taxes on about $15K a year.

You go into the crewed charter not to make money but because you love the
life and very few people love the life more than a few months.

BTW, if you intend to charter you better get a 6-pack before you ask for an
insurance quote.

--
Glenn Ashmore

I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at: http://www.rutuonline.com
Shameless Commercial Division: http://www.spade-anchor-us.com

"ScouseRanger" wrote in message
ups.com...
Hi, I hope to live aboard and charter a 70+ft schooner/gullet. Anyone
any idea approx how much the Insurance will cost me?? Ive asked for a
couple of quotes but it seems theyre not interested as I dont acyually
own a boat yet. Thx regardless,