Pacific Trollers Fund

Pacific Trollers Fund (PTF) is a highly successful self-funded hull & machinery insurance pool. PTF is no longer managed by SPC (and is not only for members) but if you are an SPC owner and are not yet taking advantage of the insurance fund opportunity, ask some PTF members and you will see that there is not a better deal around! PTF has returned 100% to its members for 20 years straight and 30 of the past 31 years and has averaged approximately 98% since its inception in 1959. Although there are no guarantees of 100%, the process of requiring applicants to have at least six references from current PTF members is a big part of the pool’s success.

For those of you who are not familiar with the insurance pool process, new members pay an annual assessment of 4% of the covered value of their vessels for the first four years of membership. (Please note this increases to 5% effective January 1, 2016).  Then on the fifth year, the first year you paid in revolves back to you – either to pay the current year’s assessment if you are still a member, or in the form of a check to you if you are not a member any longer. So unless there are significant losses that affect the return, once you get those first four years of payments in – that’s it!

To apply for membership you need to submit a completed application form, an out-of-water survey that has been done within the last two years, and a brief resume of your fishing/boating experience. On the application form you will list the names of at least six current PTF members to use for references. A list of members is included in the application packet.

To request and/or submit application materials, contact Chloe Miller at chloe@pdhfish.com or 206-285-4341.