Is cruising yacht insurance expensive?

[pvb]

You probably knew all that. 1% of hull value is pretty good for a premium these days, 0.75% can be achieved with the above restrictions. Worth trying to save another £50 ? weigh that against total loss of the boat - the big one - likely you'll want to settle for another year with your present insurer etc.

My premium is 0.41% of hull value, this includes £5 million third party, some personal effects, and some personal accident cover. Marina-based, 12 months in water, no RYA paperwork.

 

[alanw1947]

Yes, but the online quotes let you see how much they want to charge. Look at Craftinsure for starters.

Yup - tried that and the premium would be £350 and guess what?
"If the boat is over 20 years old, and more than 23' in length, you possess a full out of the water condition survey of the boat, carried out within the last 5 years by a qualified yacht surveyor, and all recommendations have been complied with."

 

[pvb]

Yup - tried that and the premium would be £350 and guess what?
"If the boat is over 20 years old, and more than 23' in length, you possess a full out of the water condition survey of the boat, carried out within the last 5 years by a qualified yacht surveyor, and all recommendations have been complied with."

That's exactly what I said in post 10. I only suggested Craftinsure because you said you were having difficulty getting an online quote.

 

[Mudisox]

I have managed to get a quote for 3rd party down to 107.81 aot @250+ by shopping around.

 

[alanw1947]

That's exactly what I said in post 10. I only suggested Craftinsure because you said you were having difficulty getting an online quote.

My apologies if I inferred it is not possible to get quotes - the point being that the premiums are more or less comparable and the difference is far less than a survey fee.