U.S. citizens with an approved reason to travel to Cuba can now do so provided the proper permits have been applied for and issued.
Novamar, which has specialized in marine and yacht insurance since 1987, now offers a policy for U.S.-flag yachts navigating Cuban waters.
Most vessels $50,000 in value or greater are eligible for coverage. Cuba endorsement premiums start at only $500.00.
“People are interested in seeing Cuba before it changes,” says Craig Chamberlain, President of Novamar and a life-long sailor. “We’re delighted to make it possible for people to fulfill this lifelong dream with less risk.”
The limit on the stay is 14 days. But if the boat breaks down in Cuba and can’t return to the U.S. under its own power, and needs additional time for repairs, Novamar can extend the coverage.
Novamar’s insurance program is placed with a U.S. insurance company. This means that insureds enjoy state insurance department protections regarding company financial security and claims handling. This provides greater confidence for U.S. citizens versus insuring with an overseas insurance carrier.
“Restrictions and regulations regarding yachts owned by U.S. citizens travelling to Cuba are changing quickly,” Chamberlain says. These links provide information to assist boaters in obtaining their permit:
Coverage can be added by endorsement to existing Novamar policies.