Momac
Well-known member
Zing did say he has gone with 3rd party insurance.I didn’t say you were stupid. If you cause an injury to a 3rd party that requires, say, £5m of damages then I presume you can afford that. If you can’t…..
Zing did say he has gone with 3rd party insurance.I didn’t say you were stupid. If you cause an injury to a 3rd party that requires, say, £5m of damages then I presume you can afford that. If you can’t…..
I should have read it properly then…….Zing did say he has gone with 3rd party insurance.
Thanks Teddingtown received an excellent quote from HKJ.
See #8.I didn’t say you were stupid. If you cause an injury to a 3rd party that requires, say, £5m of damages then I presume you can afford that. If you can’t…..
Thanks everyone. After speaking with numerous companies I've received an excellent quote from Haven Knox Johnson with better terms than I was on with Towergate so I'm happy there. What did surprise me was the logic process with some of them. When I bought the boat I got it cheap because it needed some mechanical refurbishment. I had all of the work done with all of the invoices but one company would only insure it for the purchase price and not the market value.
Agreed value is to do with value rather than what you spent on it or what you did. I have just bought a "project" boat on which I will spend up to twice as much again bringing it up to standard. I do not expecct to be able to insure it for everything I spent, but a value that reflects what a top condition boat will sell for. I will support this with a list of works, approximate cost and an inspection and valuation from the surveyor who surveyed ot when I bought it. Insurers need evidence that you are not overvaluing.Thanks everyone. After speaking with numerous companies I've received an excellent quote from Haven Knox Johnson with better terms than I was on with Towergate so I'm happy there. What did surprise me was the logic process with some of them. When I bought the boat I got it cheap because it needed some mechanical refurbishment. I had all of the work done with all of the invoices but one company would only insure it for the purchase price and not the market value.
Thanks everyone. After speaking with numerous companies I've received an excellent quote from Haven Knox Johnson with better terms than I was on with Towergate so I'm happy there. What did surprise me was the logic process with some of them. When I bought the boat I got it cheap because it needed some mechanical refurbishment. I had all of the work done with all of the invoices but one company would only insure it for the purchase price and not the market value.
That is a meaningless figure as it stands.I’ve gone 3rd party only. My insurance quote was 2% hull value. I’ll take that risk myself at that price, robbingits.
Whats happened at Towergate? I've been with them for a number of years because of good rates and reviews, this year however the renewal has gone from £490 to £710 eeeek. I've never had a claim and no changes! needless to say i wont be renewing with Towergate, Best quote/cover ive had is from Navigation & General (Zurich) with less excess and increased cruising range and less than last years premium.Over the past couple of weeks I've received the usual invoices. Marina fees up, Thames Licence up. Insurance up by 50%!!!!
On a point of principle I'm going to look elsewhere. I'm currently with Towergate but can anyone recommend an insurance company that doesn't charge an arm and both legs?
Cheers
Doug
Loyalty is not always rewarded.Whats happened at Towergate? I've been with them for a number of years because of good rates and reviews, this year however the renewal has gone from £490 to £710 eeeek.