Insurance in the Algarve

mrplastic

mrplastic

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Hi folks,

I am buying a Maxum 2500 Sports Cruiser which will be permantly berthed in Albufeira Marina in the Algarve. Anyone else keep a boat there? Can anyone recommend an insurance broker? I have tried some UK brokers but most only cover trips to Europe and not permanent berthing. Any help would be much appreciated.!

Thanks in advance!
 
mrplastic said:
Hi folks,

I am buying a Maxum 2500 Sports Cruiser which will be permantly berthed in Albufeira Marina in the Algarve. Anyone else keep a boat there? Can anyone recommend an insurance broker? I have tried some UK brokers but most only cover trips to Europe and not permanent berthing. Any help would be much appreciated.!

Thanks in advance!
Click to expand...
Y yacht insurance are covering me down here and are great to work with.

Claire Froggatt is your contact

y@why.uk.com

Regards
 
mrplastic said:
Hi folks,

I am buying a Maxum 2500 Sports Cruiser which will be permantly berthed in Albufeira Marina in the Algarve. Anyone else keep a boat there? Can anyone recommend an insurance broker? I have tried some UK brokers but most only cover trips to Europe and not permanent berthing. Any help would be much appreciated.!

Thanks in advance!
Click to expand...

My experience is the opposite - they just cover you and as long as they know they don't mind where it is.

Whatever you do dont insure it locally. If it all goes wrong you are trying to complain in a system you don't understand. Had this with my Spanish bank. Cost me E4k!
 
Would have thought any uk broker will cover anywhere in world for the right price.

I have used arthur j gallagher and fastnet marine for cover in med
 
Understanding the language is not a problem! I have looked at policy wording of several 'Standard' insurers and they are specific about keeping the boat in UK waters or Eire, European cover seems to be either 60 or 90 days. Yes I can modify cover but I want standard cover that will stand up if I have to claim. Its not unknown for claims to be dismissed because of some technicality so I want to avoid any of that. I have checked out Pantaenius and they seem to offer exactly what I need so will contact for a quote! Thanks everyone!
 
I have just insured my boat with 'Y' who have the most comprehensive cover and least onerus exclusions. Permanent mooring in either the UK or Med part of the agreement and specifically covered in the policy document. Cost was no more than Pantaenius. Go with Pantaenius if you wish but they are not the best IMO.
 
mrplastic said:
Hi folks,

I am buying a Maxum 2500 Sports Cruiser which will be permantly berthed in Albufeira Marina in the Algarve. Anyone else keep a boat there? Can anyone recommend an insurance broker? I have tried some UK brokers but most only cover trips to Europe and not permanent berthing. Any help would be much appreciated.!

Thanks in advance!
Click to expand...

And find another broker for future requirements as the one you are using is obviously incompetent!
 
petem said:
I have just insured my boat with 'Y' who have the most comprehensive cover and least onerus exclusions. Permanent mooring in either the UK or Med part of the agreement and specifically covered in the policy document. Cost was no more than Pantaenius. Go with Pantaenius if you wish but they are not the best IMO.
Click to expand...

Agreed - we saw how Y dealt with a claim on a friends boat last season while over here and it was most impressive - they also passed the JFM test when last audited, IIRC.
 
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