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Old 10-26-2019, 04:35 PM   #16
Simi 60
Guru
 
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City: Queensland
Country: Australia
Vessel Model: Milkraft 60 converted timber trawler
Join Date: Jul 2016
Posts: 2,244
In Australia our premium with the big P went from $1500 to over $10,000.
Never made a claim.
They reckon that it was Lloyd's pulling out of the market and Berkshire Hathaway/Chubb stepping in and was for vessels over 18m (we are 18.3) no matter what the construction material.
Forced to go 3rd party, rather spend the $10k on extra maintenance.
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