Gedimin
Member
I'm really struggling to find an insurance company in the UK that would insure a sailing boat used commercially (very similar to bareboat charter, but not quite). I talked to almost every insurer in the UK and the answer is always the same: sorry, we can't insure charter use. It's easy to understand if some companies don't do it, but my research shows that nobody is doing it! So how do other charter companies exist in Britain at the moment? My business does have its own features which make it slightly different from regular charter, but insurers always appeal just to the charter nature of it. Or is it just to mask the fact that they don't want to take a newly formed business?
A few foreign (European) insurers told me they are fine with charter nature of the business, but can't provide cover for a British flagged vessel.
If anyone owns a boat that is chartered: how do you insure it? If you work in an insurance company - can you shed the light on the market situation? I'm getting desperate.
A few foreign (European) insurers told me they are fine with charter nature of the business, but can't provide cover for a British flagged vessel.
If anyone owns a boat that is chartered: how do you insure it? If you work in an insurance company - can you shed the light on the market situation? I'm getting desperate.