Moonbeam
Active member
We used to insure with N&G for many years, then switched to GJW for a couple of years before switching back in 2017 to Nav&Gen. At that time, they had the following clause under 'assumptions'
The vessel has not been modified (examples include but are not limited to changes to the cabin or hull, changes to the rig or additions such as a stove, generator, mains power or include a different engine than supplied, extending the superstructure, a different rig or sails). The engine is within manufacturers specifications.
Given our Westerly is from 1984 and had been re-engined along with many other 'modifications' I thought this clause was ludicrous and insisted on it's removal as a condition of taking the policy. They agreed to this.
But this years renewal, the clause is back and they say the underwriters will not remove it this time. I spoke with them and they said that they would make a note on my file that as long as 'modifiactions' had been carried out professionally, then they would be OK. But as I pointed out, how on earth can you prove this unless you have a paper trail for every minor mod going back to 1984. The chap I spoke with was very understanding that this clause is a bit difficult to take and that they were going to look at reviewing the wording of their polices, but at this time, their hands were tied.
I have cancelled our upcoming renewal and now need to find an alternative insurer... any recommendations? We have never needed to make a claim.
Maybe I'm being over cautious, but the above clause does seem like an enormous 'get out' for the insurer. Have any of you got N&G insurance with this clause? If you don't like it, I suggest you challenge it as this may help N&G in their review of policy wording
The vessel has not been modified (examples include but are not limited to changes to the cabin or hull, changes to the rig or additions such as a stove, generator, mains power or include a different engine than supplied, extending the superstructure, a different rig or sails). The engine is within manufacturers specifications.
Given our Westerly is from 1984 and had been re-engined along with many other 'modifications' I thought this clause was ludicrous and insisted on it's removal as a condition of taking the policy. They agreed to this.
But this years renewal, the clause is back and they say the underwriters will not remove it this time. I spoke with them and they said that they would make a note on my file that as long as 'modifiactions' had been carried out professionally, then they would be OK. But as I pointed out, how on earth can you prove this unless you have a paper trail for every minor mod going back to 1984. The chap I spoke with was very understanding that this clause is a bit difficult to take and that they were going to look at reviewing the wording of their polices, but at this time, their hands were tied.
I have cancelled our upcoming renewal and now need to find an alternative insurer... any recommendations? We have never needed to make a claim.
Maybe I'm being over cautious, but the above clause does seem like an enormous 'get out' for the insurer. Have any of you got N&G insurance with this clause? If you don't like it, I suggest you challenge it as this may help N&G in their review of policy wording