Insurance Renewal with Agreed Value now GJW Bought by Ripe - any suggestions

[trialframe]

We have an Eriba caravan as well as a boat and it was insured by Ripe. Following some major damage the claims process was straightforward and quick leading to a full payout.

 

[Koeketiene]

It was a sad day when Y Yacht Insurance closed.

Quite so.

When I bought my first boat (way back in the dark ages, well at the end of last century) I had her insured with GJW.
When I bought my second boat I stayed with them.
All in all, I was with GJW for about 15 years. One claim in that time which was handled quickly and without fuss.

In 2016, I moved the boat to a permanent berth in France and GJW started to 'be difficult'.
Eventually they approved the move but the next year my premium went up by 30%, so I moved to Y-Yacht.
They were friendly, helpful and professional.
Never claimed but as a company they were a pleasure to deal with.

When Y-Yacht was taken over by Craftinsure (IIRC), premium went up and level of coverage went down.
Walked and moved to Pants.
One claim (Storm Ciaran in 2023) and it was settled very quickly - they even waved the excess as they deemed I had taken sufficient precautions to ensure the safety of the boat.
Premium didn't go up the following year either.

 

[coveman]

Just had my renewal from Ripe/GJW. this will be my tenth year of insuring with them and have not previously claimed. The rate has increased by about 8% which doesn't seem too unreasonable. One benefit of their policy is that for a boat under 26ft and valued below £15,000, (which mine is), there is no requirement for a survey until it is 50 years old, though I did have one when I bought the boat 9 years ago. Contrary to other posts they assure me that it will continue as an "agreed value" policy

 

[shanemax]

They are making clear what they are prepared to cover. Most of those items are low value individually and difficult to provide evidence of accidental loss. Just take more care if you know it is your responsibility to replace if lost.

If jewellery, mobile phones, and glasses plus a list of things like credit cards, cheques and money are not covered what do you consider personal property ???

 

[snowbird30ds]

So after many years of small boat insurance increases I just got my renewal quote from gjw, up by £104! Good old Ripe.
Now going to hkj for £200 less, nice marketing Ripe and goodbye.