Insurance.

[Sinbad1]

Re interesting...

Roger, All insurances have gone up...however for home and motor there is a much bigger market and the additional costs at present seem to be applied to the new risks to underwriters and not to renewals. This is simply because it is much more cost effective to hold onto biz already on the books than to market extensively and put new biz on.

Marine insurance is a smaller market with fewer insurers and thus the costs can not be so well spread.

If you pm me I will get someone to give you an idea of market rates for your boat.

 

[graham]

Re: Re interesting...

Ive just been stung again.

Recently I became concerned by the antics of some people getting on and off the fore and aft moorings that I was on.

I moved the boat to a swinging mooring to decrease the possibility of someone giving me a scrape.(They are more widely spaced and dont suffer from cross winds like a fore and aft.)

Nett result ,less risk of damage and a 10% premium increase.

Thinking about it I was stupid not to notify the insurance company immediately on moving as I think they could have wriggled out should a claim have occured.

I am a great believer in voting with your feet if dissatisfied with a service but the premium is still average and I have heard good stories about them in a claim situation I am lucky enough never to have needed to claim in the 20 or so years I have had insurance.

Getting off the point (should anyone bother to read this far)I first took out insurance when the club I was in made it compulsory.The club later dropped this requirement on advise that if a club boat was uninsured and damaged another club boat .The damaged boat owner would have a claim against the club for not enforcing the rules.

This could be something for small clubs to consider.

<P ID="edit"><FONT SIZE=-1>Edited by graham on Thu Jun 6 11:34:49 2002 (server time).</FONT></P>