Insure Your Boat for Cuba Trip!
http://www.tradeonlytoday.com/2016/06/u-s-approves-boat-insurance-for-cuba-travel/ Common sense has finally prevailed. Pantaenius, a U.S. marine insurer, said it will offer coverage for American boats traveling in Cuban waters. This eliminates a major barrier to cruising and fishing in Cuba, in my opinion. Ten months ago, the division of the U.S. Treasury Department that regulates interactions with Cuba under the U.S. embargo announced that U.S. citizens with a legal reason to travel to Cuba could do so by boat — their own boat. However, the regulations did not permit U.S. insurers to offer hull insurance. Thus insurance issues have proved the major disincentive for the many American boaters dreaming of visiting Cuba. This was true when AIM Marine Group, parent company of Soundings Trade Only, organized a rally that went to Cuba in April and as articulated to us by the many boaters who have sought to visit the island nation on their own. Pantaenius is a German insurer with a U...