Frank, I can't speak for all insurance companies and I have never had a claim with my company. I know every year I checked with 5-8 companies trying to find a better deal, but always came back to Boat US. They cover all areas of the great circle route. But, and to me this was a big advantage, they allow you to change your area of coverage. As an example as I moved around the Great Circle Route I changed by area of coverage (for no charge) and the rate for the policy changed accordingly. In Florida it was $1400, then on the East Coast $900, on the Chesapeake $800, once I got to the Hudson River it became Inland Coverage and dropped to $600. Only when I returned to salt water just above Mobile Alabama did I revert back to the higher Florida rate almost 8 months later. Overall for a year it averaged about $900. Bob