Recommend boat insurance
- Thread starter oldbilbo
- Start date
GrahamM376
New member
Many years ago, our insurers at the time covered UK coastal waters and I only found out by chance that the Isle of Man and N Ireland were not included - after I had been to both.
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I asked GJW to extend my range to Elbe - La Rochelle which they did for 4% premium increase, mostly for admin rather than increased risk, I think.
I've since discovered they offer North of 44 deg as a standard endorsement which I shall take on renewal.
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sailorman
Well-known member
Distance from the coast rather than national boundary ??????
oldbilbo
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I understand the thought, but recall one of the more significant lessons in seamanship, from a long time ago, that 'The land claims more ships than the sea...'
KellysEye
Active member
Pantaenius they have an excellent and fast pay out they also cover the rig. An example is when hurricane Ivan hit Grenada they sent a surveyor as soon as the airport reopened and paid all claims in two weeks.
LittleShip
New member
I've been with Saga for quite a few years now, fortunately never had a claim. The premium is the same now as it was several years ago.
I think Hyden HLB had a large claim with them some years ago and they were very good for him to deal with.
Tom.
Ps. You have to be of a senior status though
I think Hyden HLB had a large claim with them some years ago and they were very good for him to deal with.
Tom.
Ps. You have to be of a senior status though
charles_reed
Active member
From personal experience, I can understand why - you can only tell how good an insurer is when you have a claim.
I fear you may be living in a F**l's Paradise.
Stork_III
Well-known member
Many insurers exclude european inland waters in their standard Brest to Elbe cruising range, GJW is one such insurer. If you go to Holland ask for it to be included.
Try Yachtmaster, been with them a while so far so good.
doris
Well-known member
Had a chat on the pontoon with an owner who had had a nightmare with a claims adjuster working for HKJ. Impossible to work with on a serious claim on a serious boat. All got legal, messy and expensive. When I looked into it, if you are underwritten by Amlin you in the same place. Although Y's policy is good you still have to fight the underwriters in the end.
oldbilbo
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I have a suggestion.
Why don't peeps who have responded on this thread email their insurers and invite them to have a read.....
....or would that put the 'cat among the pigeons'?
Why don't peeps who have responded on this thread email their insurers and invite them to have a read.....
....or would that put the 'cat among the pigeons'?
sailorman
Well-known member
My insurerer does look with great interest. Y do you askI have a suggestion.
Why don't peeps who have responded on this thread email their insurers and invite them to have a read.....
....or would that put the 'cat among the pigeons'?
sailorman
Well-known member
its all in the wording & exclusions
Kukri
Well-known member
The Institute Yacht Clauses? Think you will find same terms almost everywhere, give or take a few bells and whistles, since everybody ends up being re-insured in the same place.
In my experience (and I have had a claim!) the ECMYIA can be talked to and can vary terms for quite a modest AP.
And that, incidentally, answers your question on "Why Brest-Elbe Limits?" It is the same as the commercial coasting trade cover for small merchant ships, which simplifies reinsurance.
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Poignard
Well-known member
I put into L'Abervrac'h with broken roller-reefing boom and contacted the ECYIA who asked me to get 2 estimates from local repairers. I was unable to find anyone there capable of doing the work but the harbourmaster put me in touch with Monsieur Fily, a sailmaker who lived nearby. He could not have been more helpful. He took the boom in his car to a spar maker in Brest who said the old one could not be repaired properly because the aluminium section from which the boom was made was no longer manufactured. The only solution was a new boom, fitted for slab reefing.
ECMYIA did not quibble and authorised the making of the new boom. I took the boat round to Brest to have the new boom fitted. M. Fily organised everything and made several visits to the boat to take measurements and fit the finished boom.The whole job took less than a week and cost less than £500, which would have included M. Fily's commission.
ECMYIA asked me to pay the bill in Euros and then reimbursed me in sterling on being presented with a copy of the invoice.
This took place within 3 weeks of taking out my first policy with ECMYIA.
Also they don't create difficulties about single-handing.
Pretty good outfit, in my experience
ECMYIA did not quibble and authorised the making of the new boom. I took the boat round to Brest to have the new boom fitted. M. Fily organised everything and made several visits to the boat to take measurements and fit the finished boom.The whole job took less than a week and cost less than £500, which would have included M. Fily's commission.
ECMYIA asked me to pay the bill in Euros and then reimbursed me in sterling on being presented with a copy of the invoice.
This took place within 3 weeks of taking out my first policy with ECMYIA.
Also they don't create difficulties about single-handing.
Pretty good outfit, in my experience
Kukri
Well-known member
I had what was at the time the biggest claim on the ECMYIA, in the October 87 hurricane - the cost of repairs exceeded the insured value, but I asked the Secretary to pay me £50 less than the sum insured as I wanted to remain covered by them. This was agreed. I also asked the yard to do some modifications and to replace teak with teak not with iroko; I had no difficulty agreeing who should pay for what with the ECMYIA, who visited the yard during the repairs. Their attitude throughout was admirably professional and actively helpful.
I really do not mind getting circulars reminding me to replace my seacock bolts!
I really do not mind getting circulars reminding me to replace my seacock bolts!
oldbilbo
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Interesting. However, the acclaimed single-handed sailor Francis B Cooke from 100 years ago would find the 'mutualyachtinsuranceco' restrictions now quite challenging.....
From the Policy Key Facts....
Is one expected to turn into a pumpkin after dark.....?
oldbilbo
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A few more 'voters' would not go Amish.
BrianH
Active member
I would have voted "Pantaenius" because mine is not included and it appears to be a part of that same underwriter. I wrote some time ago on how I came to choose them:
I was with AXA (Switzerland) with my 1981 HR, whose premiums had become ridiculous, despite never having made a claim, ever. When I asked Pantaenius for a quote they wanted a survey - expensive in Italy where I was moored. I shopped around a few others, who also wanted a survey - until I came upon Yachting24, an on-line company who didn't, and their premium was very competitive. It all seemed competently managed but I did have a slight worry about how a claim might be handled.
Then that very same year I was anchored in Croatia when I was hit by another yacht that dragged down on me in a gale and I sustained severe damage. In a panic I phoned the number on the claim form to be answered by "Pantaenius Insurance" - the company was the on-line arm of the one who had refused me without a survey.
They were magnificent, immediately sending a local surveyor for damage assessment, for which I went into a nearby marina - good fun single-handed in the still >40 knot winds and a damaged boat. The company kept in regular contact to follow events, assured me they would cover the full cost of repairs but, at the same time, advised me that the logical course would be a direct claim on the other yacht's insurance, which was immediately accepted by them; they were situated in Hamburg as is Pantaenius's head office - they consulted together, I think.
Then that very same year I was anchored in Croatia when I was hit by another yacht that dragged down on me in a gale and I sustained severe damage. In a panic I phoned the number on the claim form to be answered by "Pantaenius Insurance" - the company was the on-line arm of the one who had refused me without a survey.
They were magnificent, immediately sending a local surveyor for damage assessment, for which I went into a nearby marina - good fun single-handed in the still >40 knot winds and a damaged boat. The company kept in regular contact to follow events, assured me they would cover the full cost of repairs but, at the same time, advised me that the logical course would be a direct claim on the other yacht's insurance, which was immediately accepted by them; they were situated in Hamburg as is Pantaenius's head office - they consulted together, I think.
I can only recommend Yachting24 in the highest terms, they provided exemplary support at a time when I really needed it. They have also agreed my single-handed status with no range limits.