Anonymous wrote:
Hello all!
A friend's British flagged and insured vessel has just been dropped from his British insurance company. The boat has been in Greece for the last 5 or so years. Apparently this is happening with a lot of UK companies not wanting to insure boats in The EU?
I feel like something is missing in this story. I would guess that as long as the UK was a part pf the EU, the insurance would have been given for "within home territory" with a you need to get more expensive insurance to go to foreign ports or to leave your boat there. So now, Greece _is_ a foreign port... so no local insurance. So, this boat has been dropped because it is not keeping "it's" part of the contract of having a home port in home territory. The fact that the boat has not moved but the boundary of "home" has, doesn't matter.
If Greece is at all like the government docks around here, you need PL just to stay the night. I wonder if the insurance was just dropped or if there was some warning that they needed to home their boat within the UK or get more expensive insurance to cover keeping it in a foreign country. Anyway, reflag, rehome, do whatever is needed. If it's an older boat, they may be glad to have it off the roll anyway. I found a lot of companies were not interested in looking at my over 25year old boat (actually twice that ;) I also found that none of them were interested in PL only.
Anyway, hope it works out. Best to stay with the same company and pay a bit more, moving to another probably means a survey.