Bareboat insurance for 'excess' etc

[skyflyer]

What a minefield.
The included policy offered by the company from which I am bareboat chartering later this year will not cover me for any damage caused or contributed to by my negligence, and I would also be held liable, it seems, if the boat ws to be damaged through no fault of my own by 'malicious damage' (which to my mind included a hit and run - the hit may not be malicious but the run certainly is), nor by (say) hitting a submerged uncharted underwater object. In addition I have to up-front a £1300 excess deposit - but could theoretically end up being liable for the loss of the boat! Nor is there any third party liability included

A search of old threads here suggested Pantaneus' Skipper Policy but that doesnt cover any damage to your chartered boat only TP liability

I'm struggling to find any insurer that does.

Goven that I paid about £250 a year fro my own boat, for a years coverage I cannot understand why this is so difficult and - it appears- costly even if you can find it

Anyone have any suggestions where cover can be found?

 

[ylop]

The included policy offered by the company from which I am bareboat chartering later this year will not cover me for any damage caused or contributed to by my negligence,

I don’t think you’ll find many insurers willing to cover for negligence. Basically the point is you should be careful.

and I would also be held liable, it seems, if the boat ws to be damaged through no fault of my own by 'malicious damage' (which to my mind included a hit and run - the hit may not be malicious but the run certainly is),

is that malicious? I think malicious implies vandalism or intent. I don’t think accidental but didn’t stop to exchange details is in that bracket - but I’m not an insurance company trying to wriggle out of a claim. But I think you would end up with the usually hefty excess anyway

nor by (say) hitting a submerged uncharted underwater object.

does it explicitly say that? You see to me hitting an uncharted object is what insurance is for, but hitting a charted one is when the “we’re you negligent” argument arises.

In addition I have to up-front a £1300 excess deposit - but could theoretically end up being liable for the loss of the boat!

I’ve taken the view that for an overseas charter the upfront excess deposit was a risk but the real risk of anyone pursuing me in a foreign country for the full value of the boat unless I had done something spectacularly stupid or outrageously obviously illegal etc was pretty small. That’s why they insure the boat. Charter insurance is expensive because charterers do stupid stuff, often aren’t as experienced as you’d ideally want and certainly aren’t familiar with everything. On the other hand the big risks I stress worry about as an owner are her sinking / fire when I’m not on board, or her breaking her moorings in poor weather. It feels like on charter those risks largely disappear.

Nor is there any third party liability included

Really? That seems odd to me. Are they offering a policy that covers this for a premium? (It’s probably overpriced if they are but might be convenient)

 

[wonkywinch]

I take out an annual policy with EIS as I tend to charter with friends and it saves arguments in the event of a mishap.

Many charter companies charge 10% to waiver the excess so an annual policy at 15% is covered half way through your second charter.

Not had to claim yet so can't comment on that. The charters I've had don't charge you up front for the excess but just hold it against your credit card.

Deposit Insurance for Chartered Yachts | EIS-Insurance

 

[Hodders]

Are EIS still insuring UK residents? Doesn't look like they are.

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