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,

On Sat, 18 Jun 2005 22:05:51 -0400, "Glenn Ashmore"
wrote:

Hi,
Since lauching our 41 foot sloop in March 1993 we have not had
insurance at all apart from personal effects and house owners. The
reason we never took out insuranace on the boat is that in New Zealand
and elsewhere it is extremely expensive but most importantly does not
cover one where one wishes to go. For instance, a US boat we spent
some time with in Spain could only get cover for the Western Med.;
those that had comprehensive policies were informed that they were not
covered for the Red Sea whilst they were in Oman getting ready to sail
and so on.

To counter for not having insurance on our boat we have spent money on
good and more than adequate anchor and chain and always take extra
care. The only time insurance would have been any use was when we took
a lightning strike to the top of our mast in October 2003 which took
out all the instruments, radar, radios etc - cost about $12,000.
Sounds expensive but amortise it over 10 years and even ignoring the
large excess, it still works out in our favour and we are not excluded
from going where we like. It is not the cost that stops us now, it is
the exclusions and lack of coverage for different areas.

However, in Europe marinas and officials such as Coastguard require
you to have third party which seems to double each year in cost and
yet still has a large excess. The Greeks now require you to have a
policy taken out in Greece and with a Greek translation, the Italians
require one translated in Spanish. Consequently a lot of normally very
honest people resort to forging these papers. Could be a problem if
you caused damage to one of the ever present huge gin palaces
though.... But, as they say, on the other hand................you have
five fingers.

Peter
N.Z. Yacht Herodotus