Removal of Wreck Insurance.

Mark-1

Mark-1

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I have a small trailer sailer - 1 ton bilge keels. Ideally I only want third party insurance but it would be nice to be covered for the cost of recovery/disposal if it sank somewhere where it couldn't be left.

Zurich offer £15,000 (seems a bit small to me) worth if you lose the boat in an incident which is covered - and therefore requires 'fully comp' cover FWOABW.

Is there such a thing as a "3rd party + recovery from the bottom" policy? Or at least a policy that covers more than 15k?
 
Mark-1 said:
Is there such a thing as a "3rd party + recovery from the bottom" policy? Or at least a policy that covers more than 15k?
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Yep - I insured the Contraption last year with a third-party policy. Can't remember the name now; I found it by Googling "basic boat insurance" but it wasn't actually the Basic Boat company. Removal of wreck was an option on the policy (which I declined since I couldn't imagine a 15' inflatable becoming a hazard to navigation or costly to move :) ).

Pete
 
Mark-1 said:
I have a small trailer sailer - 1 ton bilge keels. Ideally I only want third party insurance but it would be nice to be covered for the cost of recovery/disposal if it sank somewhere where it couldn't be left.

Zurich offer £15,000 (seems a bit small to me) worth if you lose the boat in an incident which is covered - and therefore requires 'fully comp' cover FWOABW.

Is there such a thing as a "3rd party + recovery from the bottom" policy? Or at least a policy that covers more than 15k?[/QUOT

Just leave it on the bottom! If you are obliged by a third party to recover/remove it then doesn't your third party insurance cover it?
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Some yacht clubs, our's is one, insist on insurance for the removal of a 'wreck'. I used to have Third Party only, but for very little more I was able to get fully comp for my 22 footer, including removal of wreck, for about £130. this included 'personal accident' cover, and also a 'get you home' payment.

Try Nautical Insurace Services , Leigh on Sea Tel: 01702 470811.
 
prv said:
No, only if you have the Removal of Wreck cover. That's what Removal of Wreck cover is for, the clue's in the name.

Pete
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Slightly grumpy response Pete? I've only ever bought comprehensive cover for my boats but I too had assumed that third party cover would cover my losses if my boat sank and had to be removed. I bet many people do.

But a quick google does confirm that's certainly not the case, at least with Yachtline policies:

"If you have asked for third party liability only insurance, please note that salvage or wreck removal costs are not included."

http://www.yachtline.co.uk/Forms/Yachtline Policy.pdf
 
yachtailsa said:
I've only ever bought comprehensive cover for my boats but I too had assumed that third party cover would cover my losses if my boat sank and had to be removed. I bet many people do.
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It's a perfectly reasonable assumption until you're halfway down a thread specifically about how it doesn't work like that :)

Pete
 
prv said:
It's a perfectly reasonable assumption until you're halfway down a thread specifically about how it doesn't work like that :)

Pete
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:) - my experience to date is most people only ever read the first and last post on here before replying.
 
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