Pants Pantaenius quote 2% of boat value per year!

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tcm

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wowee. "All insurance isn't the same" it says in the covering letter and they're quite right - other insurers cost lots less and offer better cover AND there's NCD* too for those of us with 35% - none of which apply with pants-r-us.

* explanation for chris_e: NCD means "no claims discount".
 
Total bargain! My Seal 22 should be about 15 quid fully comp. Dont need NCD when its that cheap.
At that rate, I might even install another fire extinguisher.
 
[ QUOTE ]
wowee. "All insurance isn't the same" it says in the covering letter and they're quite right - other insurers cost lots less and offer better cover AND there's NCD* too for those of us with 35% - none of which apply with pants-r-us.

* explanation for chris_e: NCD means "no claims discount".

[/ QUOTE ]

I've got 40% with pants, and I rue the day I chose another cheaper (very well known) insurer for the year my boat was wrecked in Hurricane Ivan.

I had a friend who had exactly the same boat insured with pants during the hurricane, he was paid in full within 10 days. I wasn't even given a full damage survey for over a month, and didn't get paid for six months and lost about 20k. There is a difference when it comes to claims handling.
 
What did they quote last year and what's your cruising area? We have 1.1 % now back in UK and I think it was 2.4% when we were covered for transatlantic and Caribbean (with usual tropical storm/hurricane season exclusions). I wouldn't like a hike back up to 2% when our renewal comes up! Really like them as a company though...good to deal with and honest when we overpaid by mistake for reasons too complex to bore you with.
 
I have 1.86% and 40%NCD. Have you upset them in some way! The big plus point, and why I stuck with them through the hyper-inflation years, is singlehanded cover - day and night. Brian.
 
2.4% arg

blimminek they must be making a few quid. 1 in 40 boats a total loss. Alright, they assume mebbe 1 in 60 and make a profit. Is it anywhere even close to that?

Or, i spose in fifty years of boating you definitely lose/claim a whole boat.
 
They wouldn't even quote for me... In Caribbean, in hurricane season, bareboat charter. Admiral looked after me well for a number of years but when it got to 3% of hull value earlier this year I'd had enough. Now 1.5% with a Lloyds syndicate organised through the charter management agents.
 
I have just had a quote that is under 1% including the 40% NCD from Pantaenius. I have also stayed with them because of the wide range - Gib to Bergen (more than I will use) and the inclusion of single handed and racing in the price. With their reputation for quality when you do need to claim I can't see a reason to change /forums/images/graemlins/cool.gif
 
Cheers insurance (a broker) less than 1% and half the price Pants R us quoted. Policy is with Lloyds, and even though my survey is 6 years old, they didnt require a new one this year.
 
just been quoted 0.8%. I asked for med to 20E, and got all Europe to 200 miles offshore. Existing insurer quoting 0.68%, and am unsure whether to switch to Pants
 
In my bitter experience, cheap and even mid-range premiums do not equal high quality and pro the boat owner payouts. (I'm talking total loss here)
 
Well tcm, you've got your just rewards. Mangle a train on the east coast line and the insurers load you and rightly too.

Seriously, what's your beef? I'm with P am paying less than 1% and get (or should that be got, bearing in mind earlier clunk) a 65% NCD. When we went foreign that went up to 2% - ish for transat and by £150 for Arctic.
 
Not entirely sure. When we did the transat we didn't have any NCD (we were new owners) and were paying about 1% and for the transat they roughly doubled the premium. When we did the Arctic stuff we had 65% NCD and they added a flat £150 onto the premium.

If I were P I'd charge you at least 3% /forums/images/graemlins/smile.gif
 
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