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taxes etc on registering a boat in St thomas

Discussion in 'General Yachting Discussion' started by johnnry, Nov 5, 2023.

  1. johnnry, Nov 5, 2023
    #1
    johnnry

    johnnry Member

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    hello all, considering registering my uscg documented vessel in st thomas as very difficult getting insurance in Puerto Rico .Its a closed market..Has anyone out there have experience with this? or perhaps knows an expediter to help,thanks!
  2. BlueNomad, Nov 17, 2023
    #2
    BlueNomad

    BlueNomad Senior Member

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    I've registered several vessels in USVI and tax has never been an issue. Insurance is something else entirely and terms are agreed with your insurer/underwriter.

    Your USCG documented vessel is registered with the federal gov't and St Thomas would be your home port. Very easy to change.
  3. johnnry, Nov 18, 2023
    #3
    johnnry

    johnnry Member

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    OK thanks, actually fot insurance in PR , so may just leave documented and not registered I guess is possible here in PR
  4. Pascal, Nov 18, 2023
    #4
    Pascal

    Pascal Senior Member

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    Most underwriters don’t look at the port shown on the doc but at where the boat is actually kept and used as shown on the insurance application and attached questionnaire.

    the port list on the documentation can be pretty much anything you want it to be which is why you often see boats with landlocked “port” like Atlanta Ga.
  5. Capt J, Nov 20, 2023
    #5
    Capt J

    Capt J Senior Member

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    Insurance goes by coverage area. Where it's registered I don't think has much bearing. If Puerto Rico is excluded for coverage, even registering it in St. Thomas would still exclude it from P.R. I would be asking this question to insurance agents.