Sealine boat insurance required.

bammylovechops

bammylovechops

Well-Known Member
Joined
11 Jan 2010
Messages
333
Location
Live Manchester, Boat Conwy
Visit site
Hi,
Who are people using to insure their Sealine's?
I've been with Towergate for 10 years, I've been getting their 20% discount as I keep my boat in a Quay Marina site, I was very recently sent a flyer stating that Towergate are having a summer sale allowing a further 17% as well as the original 20%. When I've followed it up it's miraculously not as it seems!
A bit miffed to be honest so will decide to vote with my feet, hence who are you guys with?
Cheers

Mark
 
I've been with GJW for many years, and find their prices very competitive......I haven't got a Sealine though!! :encouragement:
 
You really don't want to buy boat insurance on price as insurers are not all equal in terms of what they cover you for. I also use "Y" as they have the best terms (fewest exclusions). I think GJW are particularly bad. if it's any help, I just insured our Targa 34 with "Y" for £560 (no NCB).
 
AllanG said:
Can you support this comment, Pete??
Click to expand...

JFM, the forum expert will hopefully be along to confirm but from GJW's policy....

This Policy does not cover physical loss of or damage:

1. To the Vessel caused by:

(vi) electrolysis;

So if your boat sinks due to a seacock that has failed as a result of electrolysis you could well find them refusing to pay out. You might think that's an unlikely scenario but one forumite had the very same issue (I can't recall who the insurer was).
 
Based on working in this industry there are only 2 I'd go with, GJW and Y insurance, the rest seem to try and reject legitimate clams by using biased surveyors to defend there claim , they base the surveyors report as final so the boat owner has to go to court to defend his claim. Buy wisely .
 
petem said:
JFM, the forum expert will hopefully be along to confirm but from GJW's policy....

This Policy does not cover physical loss of or damage:

1. To the Vessel caused by:

(vi) electrolysis;

So if your boat sinks due to a seacock that has failed as a result of electrolysis you could well find them refusing to pay out. You might think that's an unlikely scenario but one forumite had the very same issue (I can't recall who the insurer was).
Click to expand...

IMHO, sea cocks should be regularly opened and closed and, at the same time, visually inspected for any signs of external degradation, which should reduce the risk of a failure due to electrolysis. Unfortunately, this regime isn't adopted by a lot of boat owner's, who only rely on an annual inspection when the boat is lifted.

Therefore, I don't see GJW's exclusion as being unreasonable, and it certainly doesn't worry me.
 
AllanG said:
IMHO, sea cocks should be regularly opened and closed and, at the same time, visually inspected for any signs of external degradation, which should reduce the risk of a failure due to electrolysis. Unfortunately, this regime isn't adopted by a lot of boat owner's, who only rely on an annual inspection when the boat is lifted.

Therefore, I don't see GJW's exclusion as being unreasonable, and it certainly doesn't worry me.
Click to expand...

Fair enough but here's a warning to others of the perils of picking the wrong insurer...

http://www.ybw.com/forums/showthread.php?270241-Pride-comes-before-a-sink!
 
volvopaul said:
Based on working in this industry there are only 2 I'd go with, GJW and Y insurance, the rest seem to try and reject legitimate clams by using biased surveyors to defend there claim , they base the surveyors report as final so the boat owner has to go to court to defend his claim. Buy wisely .
Click to expand...

That's quite a claim. Have you had first hand experience of dealing with every other insurer? I know that Y gets good comments in this Forum, but GJW has come in for some stick in this very thread. I'm with Nav and Gen and I don't recall any horror stories on this, or any other forum. I would be very open to hearing them though, as I have no particular loyalty. Just happy with thier policy costs and generally hearing good things about them when it comes to claims.

I don't have any metal skin fittings below the waterline, so the one thing that often gets bandied about re insurance, ie they won't pay if your sea cock fails and your boat sinks, is not a massive concern to me.
 
bammylovechops said:
Hi,
Who are people using to insure their Sealine's?
I've been with Towergate for 10 years, I've been getting their 20% discount as I keep my boat in a Quay Marina site, I was very recently sent a flyer stating that Towergate are having a summer sale allowing a further 17% as well as the original 20%. When I've followed it up it's miraculously not as it seems!
A bit miffed to be honest so will decide to vote with my feet, hence who are you guys with?
Cheers

Mark
Click to expand...
Y insurance every time, best cover and excellent rates and customer service
 
The current GJW policy is awful in my view and I really wouldn't touch it with a bargepole.

You pay for a contracted value in the case of total loss (as you do with Y and Pantaenius, for example) which is excellent, but then unlike the others GJW have a clause giving them the right to not pay you the contracted value and instead hand to you a similar boat which by the express terms of the policy need not be in as good a condition as the one you just lost.

For someone who cares about the detailed spec of their boat that clause is horrific. Buy that policy at your peril imho.
 
Last edited:
jfm said:
The current Y policy is awful in my view and I really wouldn't touch it with a bargepole.

You pay for a contracted value in the case of total loss (as you do with Y and Pantaenius, for example) which is excellent, but then unlike the others GJW have a clause giving them the right to not pay you the contracted value and instead hand to you a similar boat which by the express terms of the policy need not be in as good a condition as the one you just lost.

For someone who cares about the detailed spec of their boat that clause is horrific. Buy that policy at your peril imho.
Click to expand...

I haven't got the contracted value clause you mention in my GJW policy. ��
 
jfm said:
The current Y policy is awful in my view and I really wouldn't touch it with a bargepole.

You pay for a contracted value in the case of total loss (as you do with Y and Pantaenius, for example) which is excellent, but then unlike the others GJW have a clause giving them the right to not pay you the contracted value and instead hand to you a similar boat which by the express terms of the policy need not be in as good a condition as the one you just lost.

For someone who cares about the detailed spec of their boat that clause is horrific. Buy that policy at your peril imho.
Click to expand...

JFM

Could you explain why the current Y policy is awful.

Andrew
 
AllanG said:
I haven't got the contracted value clause you mention in my GJW policy. ��
Click to expand...

Are you sure? It's there in the three versions of the policy that I can see online (https://gjwdirect.co.uk/documents/).

"Instead of paying in money the value of the Vessel or its boat(s) or outboard(s)
as noted on the Certificate in accordance with Section 2.C.1 We reserve the
right to replace the Vessel, or its boat(s) or outboard(s) with a Vessel or boat(s)
or outboard(s) of similar age, size, type and condition. Should we exercise this
option it is acceptable that the appearance and condition of the vessel shall not
be exactly replicated."
 
You must log in or register to reply here.

Share this page

Top