Global Marine Insurance: Living on Your Sailboat – Pros & Cons

Expenses are another area that demand careful consideration typically when you purchase a yacht financing will allow you to pay for it over a maximum of twenty years vs. thirty years for a home. If you are trying to stretch out your payments this could make your month-to-month living expenses higher than a home that’s the same price. On the other hand boat insurance rates are often lower than home insurance and it’s likely that the property tax will be lower as well. Of course you should plan for maintenance expenses and depending on the age of your boat they could vary significantly. Older boats may cost less to purchase but their maintenance costs can be significantly higher than a new boat.

Global Marine Insurance: How to Save Money on Gas While Boating

If you’re like me, you’ve felt the pinch of gas prices this winter. In fact, I can still remember the days when gas was ninety nine cents. And remember when gas rose to over a dollar? No one could believe it! Well, as you and I both know, those days are long gone. But there […]

Global Marine Insurance: Top 5 “Covered” Boat Insurance Claims Reported

Below is a picture of something every boat owner dreads to see. Just outside our offices this past summer, we noticed a sailboat that, well, had seen better days. Half submerged in the waters of Grand Traverse Bay, this sailboat was in need of a rescue. But do not despair Global Marine readers! The sailboat […]

The Journey of 16 Year Old Sailor Abby Sunderland

16-year-old sailor Abby Sunderland was attempting to sail around the world when communications were lost between Abby and her support team. The world collectively gasped at the thought of a 16-year-old girl being lost at sea alone. Thankfully, late Thursday night searchers aboard a plane spotted Abby Sunderland’s sailboat in an upright position and made […]