Insurance renewal after accidents

[pugwash]

During each of the past two winters my boat has had a serious accident. First, while on a boatyard's swing-mooring in a tidal river, she broke free during a severe storm. The unusual motion caused her to saw through two heavy mooring strops with the usual frappings etc, and she drifted into a steel barge. Next, though moored among more than 100 boats, she was the one to be clouted by some hit-and-run b****r who disappeared into the night. Each time the costs were in thousands but the insurance company paid up and the repairs were well done. Now, that company has (understandably perhaps) taken fright and refused to renew, and my broker warns me to be ready for "premium loadings and high excess" on the grounds that companies don't like "iffy" risks. I have tried two other companies for quotes but been turned down. I see a huge problem looming. Any bright ideas as to how I should approach it ?

 

[Guest]

Not sure where you are berthed/moored, but is the area prone to many accidents, as it may be you are being disadvantaged as to location.

 

[pugwash]

The mooring is well up the River Tamar amid about 100 other boats, most of them over-seen by a well-run and constantly attended boat yard. To our knowledge none have been so lucky as me nor is there any insurance loading.

 

[hlb]

How about renaming the boat, and just start again??

No one can force me to come here-----------
----- I'm a Volunteer!!!

Haydn

 

[LeonF]

Similar sort of thing happened to a couple at my club. Both good sailors who had moorings going astray etc. Their insurance company refused to renew fully comp, only third party. Bishop Skinner took everything inot consideration and agreed to cover but with a £500 excess. Good Luck.

L.A.R.Ferguson

 

[robp]

I know it's easy for us just to shout out our insurance companies. But did you try Pantaenius? They seem to have a slightly different approach sometimes. Or can you get in a dialogue with a company, showing them your log or any bits of qualification paper?

 

[Guest]

Pantaenius is on Tamar's doorstep, with their UK office in Plymouth. Katoema has been issured with that company in Germany since around 1980 = Insurance Companies like a vessels long history, as well as that of the person being the proposer. They will want to know if your qualified to MCA/RYA Yachtmaster Offshore level.

 

[pugwash]

Thanks...

...for all notions. I'll certainly try this.
Fair winds!

 

[wakeup]

Yes Panateaus do have a different approach.

I asked them for a quote for a nearly new Maxum and they declined to quote impying that they don't provide cover for these types of boats deliverd with a real superior attitude.

Guess what Panateus, when I get my next boat you won't be invited to quote.



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