Insurance companies?

The other year my boat got bent by someone who was insured by GJW...turns out he wasn't as insured as he thought he was! So can't recommend them at all! Personal experience of a certain company in Sussex who advertise for dinghy insurance was dire so can't recommend them either. Currently with Nav & gen through NIS in Southend, no probs at all.
 
neil_s said:
Last year I changed to GJW. They did not insist on a survey report but sent me a condition declaration form. I had the survey done anyway. It seemed to me that an insurance company may be 'relaxed' about a survey report when discussing new business, or convincing you to send your premium cheque. Would they be still 'relaxed' about it when you put a claim in?

Neil
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Contacted GJW on thurs and asked if they could delay the survey to next year, they agreed to do so immediatly, they agreed that I get it done before renewal in feb 2011, and had the ammended paperwork in the post on fri morn which included the premium fee for this comming policy due in feb the premium is less than last year as the NCB has increased.
So gives me a bit more time to save for survey:)
 
webcraft said:
Hi Eamonn,

This piqued my interest so I have just looked up their website but all I could find was:

Do they do comprehensive cover without a survey as well?

- W
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Third Party Liability cover mentioned means that you are covered for any claims upto £xxxxxxxx. Doesn't mean you are not covered for damage to your own vessel.

QUOTE: "Third Party Liability - You should not consider going afloat without liability insurance, which will cover you if you cause damage to another boat or worse still cause injury."
 
There's an insurance company called Northern Reef who insure without a survey, the brokers are Edward William, from their Web site:

Do I need a Survey?

Probably not. Unlike most boat insurers, Edward William are agents for an insurer that does not generally insist on seeing a recent survey of your vessel.
 
Guapa said:
Can thoroughly recommend GJW.
Been with them since I started sailing - needed them twice - as good as gold.

Now been told they require a survey by 2013 (boat 30 years old) and every 5 years after that.
Seems reasonable to me.
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I thought it was every 7yrs?
Mine was last surveyed when the previous owner bought it in 2003 and I was asked for one this year, 7yrs, although they have now put it back another year on request.
I was insured with Polestar on my previous boat and automatically transferred to GJW when they took over from PS, so have been with PS/GJW for 7-8yrs now between the 2 boats.
I am considering reducing the value of my boat to see if it would reduce the premium, is this wise and would it make much difference>
 
djbreeze said:
There's an insurance company called Northern Reef who insure without a survey, the brokers are Edward William, from their Web site:

Do I need a Survey?

Probably not. Unlike most boat insurers, Edward William are agents for an insurer that does not generally insist on seeing a recent survey of your vessel.
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Do you realise that Northern Reef dont actually pay out after a claim;)
they will take all premiums no prob at all. do a forum search :eek:
 
Clyde_Wanderer said:
I thought it was every 7yrs?
Mine was last surveyed when the previous owner bought it in 2003 and I was asked for one this year, 7yrs, although they have now put it back another year on request.
I was insured with Polestar on my previous boat and automatically transferred to GJW when they took over from PS, so have been with PS/GJW for 7-8yrs now between the 2 boats.
I am considering reducing the value of my boat to see if it would reduce the premium, is this wise and would it make much difference>
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IMHO keep the insured "agreed" value (Not market value) as high as you can get it. the agreed value comes into play when a high value claim is made relative to a % of insured agreed value.
your MAB might be worth £30k on the open market,replace the rig that went over the side & subsequent damage ect £27k almost a write-off. agreed value £40k no prob well covered
 
sailorman said:
Do you realise that Northern Reef dont actually pay out after a claim;)
they will take all premiums no prob at all. do a forum search :eek:
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Thankyou for the advice, I will cross them off my list of potential insurers. Interestingly it was a yacht broker who told me about them, said he used them...
 
I would be very wary of insuring without a condition survey. If you are unfortunate to make a claim the survey is an accepted means of proving the condition of the vessel prior to the incident. Without it you have no 'proof'! Simply saying 'it was sound' will not be accepted. The insurers will appoint a loss adjuster whos job is to reduce the insurers loss, ie pay-out and they will jump on the fact that you have no condition survey.
 
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