Moochos
New Member
Hello
We are currently in the process of purchasing our first boat - a Jeanneau Leader 805, which we will be keeping in Denia Spain. We have been informed by our marine finance company that the boat has to be part 1 registered in the UK and that we need to get it insured by a UK company. I have been trying to find an idiots guide for this online without any success. Can anyone explain in simple terms what is involved. Eg why is it necessary to name a uk port? Does it matter which one we choose - as the boat will never go there? Also will we incur higher insurance costs being insured by a uk insurance company but only cruising in the med? Help please!!!
PS have already visited UK insurance company website and they assume we already know more than we do! We are UK resident novice boaters!!
We are currently in the process of purchasing our first boat - a Jeanneau Leader 805, which we will be keeping in Denia Spain. We have been informed by our marine finance company that the boat has to be part 1 registered in the UK and that we need to get it insured by a UK company. I have been trying to find an idiots guide for this online without any success. Can anyone explain in simple terms what is involved. Eg why is it necessary to name a uk port? Does it matter which one we choose - as the boat will never go there? Also will we incur higher insurance costs being insured by a uk insurance company but only cruising in the med? Help please!!!
PS have already visited UK insurance company website and they assume we already know more than we do! We are UK resident novice boaters!!