18.2% increase in Y insurance premium, normal or what

petem said:
From the GJW policy:

This Policy does not cover physical loss of or damage:
1. To the Vessel caused by:
...
(vi) electrolysis;
...

If they're not going to apply this exclusion then why don't they update the policy?

And another reason for not insuring with them is this nugget:

REPLACEMENT OPTION
(iv) Instead of paying in money the value of the Vessel
or its boat(s) or outboard(s)
as noted on the Certificate in accordance with Section
2.C.1, we reserve the
right to replace the Vessel or its boat(s) or outboard(s)
with a Vessel or boat(s)
or outboard(s) of similar age, size, type and condition.
Should we exercise this
Click to expand...

As jfm would say, its all in the detail.
 
petem said:
From the GJW policy:

This Policy does not cover physical loss of or damage:
1. To the Vessel caused by:
...
(vi) electrolysis;
...

If they're not going to apply this exclusion then why don't they update the policy?

And another reason for not insuring with them is this nugget:

REPLACEMENT OPTION
(iv) Instead of paying in money the value of the Vessel
or its boat(s) or outboard(s)
as noted on the Certificate in accordance with Section
2.C.1, we reserve the
right to replace the Vessel or its boat(s) or outboard(s)
with a Vessel or boat(s)
or outboard(s) of similar age, size, type and condition.
Should we exercise this
Click to expand...

I had letter to confirm that was being removed and wouldn’t apply a couple of years ago, surprised to see it’s still in there.
 
sailorman said:
I self insure outboards & dinghy, no point claiming as once excess & any loss of NCB is taken out of the claim, there is no point,, in insuring them
Click to expand...


What’s the relevance of dinghy and outboard to that clause as they are covered under boats policy anyway ?
 
Was maybe 5 plus years ago but when I asked how much it was extra a year to cover a small outboard for the tender, it was about £4....
 
sailorman said:
I self insure outboards & dinghy, no point claiming as once excess & any loss of NCB is taken out of the claim, there is no point,, in insuring them
Click to expand...

I have come to the same decision - save little but pointless paying to insure low value items
 
MartynG said:
I have come to the same decision - save little but pointless paying to insure low value items
Click to expand...

I only do it mainly for the 3rd party cover, if the outboard caught fire and took other boats with it I wouldn’t want to be sued, could easily happen.
 
I'm not sure that spontaneous combustion in a little o/b while the boat is moored in a marina, spreading fire to nearby boats, is something that can "easily" happen. But I agree ref. T.P. liability in principle - tenders hitting swimmers being what can (and sadly does, occasionally) happen.
Btw, @sailorman & MartynG, beware: in some (most, I believe?) Med countries, T.P. coverage is mandatory also for dinghies.
 
sailorman said:
how much is your excess £200>300 then add in loss of NCB

A s/h small o/b is what £250 ditto small inflatable

I will not be going to the Med
Click to expand...
It was a few years ago and actually the t and c are not the same with the current one, but for some reason it was outside excess and ncd.
Anyway,my point was simply that it can we worth checking,rather than assuming the t and c.
 
MapisM said:
I'm not sure that spontaneous combustion in a little o/b while the boat is moored in a marina, spreading fire to nearby boats, is something that can "easily" happen. But I agree ref. T.P. liability in principle - tenders hitting swimmers being what can (and sadly does, occasionally) happen.
Btw, @sailorman & MartynG, beware: in some (most, I believe?) Med countries, T.P. coverage is mandatory also for dinghies.
Click to expand...

Good point about the third party cover.
Would liability cover not be included via the main insurance policy for the boat even if the dinghy is not listed as being insured ?
 
MartynG said:
Would liability cover not be included via the main insurance policy for the boat even if the dinghy is not listed as being insured ?
Click to expand...
TBH, I don't know for sure, 'cause I never considered not having the dinghy covered.
But if the dinghy is specifically excluded from the coverage, I see no logical reason why T.P. cover should remain valid...
Btw, even without having any statistics on this, I suspect it's more likely to hit a swimmer with a dinghy rather than with the mothership, in busy anchorages.
 
MartynG said:
Good point about the third party cover.
Would liability cover not be included via the main insurance policy for the boat even if the dinghy is not listed as being insured ?
Click to expand...

It might be, but in my view unlikely unless the policy says it will . They are insuring a boat, not other boats we may happen to own. Appreciate is it a tender, but to them I will be another boat with an outboard I imagine. Ask them!
 
Navigator and general: Same policy dropped from £280 to £150 this year.

Didn't stop to ask why admittedly, but can't recommend them enough :encouragement:
 
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