June was an expensive month for us. It will always be an expensive month because that’s when we owe our annual insurance as liveaboards. Thankfully, we were able to switch insurance companies this year for a much cheaper option.
We were previously insured through Lloyds of London. We were grateful that they would insure us in the first place (read about our insurance struggles as a first-time boat owner here) but when it came time to re-up this year, we were disappointed that they were going to charge us the same astronomical rate, even though we were accident-free and ASA certified now. They also required a ton of paperwork hoops to jump through.
After shopping around, we realized that it was way easier to get insurance when you’ve had insurance and were able to get a much more reasonable rate through Pantaenius ($1,000 annually vs $3,600 annually). So what did we do with our savings?
Got a new A.C. unit! Our old one was 16 years old and on its last legs. We had it professionally installed, and Conor watched the process from start to finish. He is getting to be quite the expert on boat systems.
There are also some personal and decorative touches we have planned for the boat. Details and photos next post!
Taylor, Conor, and W