Insurance rises

[tillergirl]

I have just got my renewal notice for this year and the cost has gone up 15% in the year (not counting taxes etc), that's £52 on a premium of £352 so they now want a gross premium of £404. Is everybody experiencing this? I'm paying this for £32k cover on a 32' wooden bermudan sloop? Does that match what others are paying?

 

[Solstice]

If you had been insured with Pantaenius your basic premium would have gone up 50% like mine did. My experience of shopping around since indicates that 15% could be about the norm, especially if it has remained constant for the past few years.

 

[ballena]

My premium went up by nearly 40 % this year and when I challenged the broker they said "thats the way it is, we have all got to pay for Sept 11th 2001"

I pay £340 for £28500 cover on a 24' sports cruiser.


Regards

Paul R

V8's rule!

 

[colvic]

Seems that we still have one of the cheapest Insurance markets compared to the rest of Europoe. However, 50% is way above most of the others and speaking from VERY expensive first hand knowledge paying that 50% extra does not get you the service and cover you expected. I'm off to GJW direct as reco by 3 surveyors in the last two weeks.

Phil

 

[nicho]

GJW have quoted £362 for £70K of cover on my Bavaria 36

 

[colvic]

I'm paying £300+ for just £23,000 with Pantaenius.

Phil

 

[kidnapped]

The interesting thing about all these rises in insurance rates is the brokers commision!! No one has mentioned it, but basically if the premium goes up, so the %age comission represents increases in line with the rise in insurance premium. Who else got a pay rise this year of between 25% and 100%. I didn't, never have and [remember the 'fat cat/MD thread] I'm a CEO ... whatever that's supposed to be.

 

[tillergirl]

Thanks for the comment. I have posted a quotation request on GJW's website. I'll let everybody know what happens.

 

[Mr Cassandra]

Why do you need £70000 cover ? with Bav prices coming down you could buy a new one for £55000. said with tongue in cheek
cheers bob t

boss1

 

[Neil_M]

I have £42k cover on a Dufour 30 through www.craftinsure.com (Navigators & General) for £178 pa - policy schedule & cruising area look at least as comprehensive as my previous more expensive insurer - worth a quick quote on their website.