Where can one find insurance which actually provides cover?

pvb said:
OK, so that's £4.47 per £1000 insured.

My insurance cost slightly less, £4.37 per £1000 insured, same £250 excess as you, no outboard or dinghy specified, insurer is Navigators & General.
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So, the way the used boat market is at the moment, that means I should get insurance for about £30 for my MAB.... :D
 
Mine is £360 for 75k with racing risks and nightime single handing from RKJ or whatever they call themselves today - St Margarets I think. So about 48 pence per 100. In all honesty I would not use them if it werent for the racing risks - not so much a criticism of them but |I had a lot more confidence in the previous compoany I used.
 
pvb said:
OK, so that's £4.47 per £1000 insured.

My insurance cost slightly less, £4.37 per £1000 insured, same £250 excess as you, no outboard or dinghy specified, insurer is Navigators & General.
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I am with Admiral. £3.75 per £1000.
 
pvb said:
I think JayBee might have confused the fact that Bishop Skinner offer "discounts" for RNLI & RYA members.
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Yes, badly worded. They say that they are the only insurers supporting and working in partnership with the RYA and RNLI, so not just a matter of discounts for policyholders members.
 
Mavanier said:
So, the way the used boat market is at the moment, that means I should get insurance for about £30 for my MAB.... :D
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The cost per £000 insured is very misleading. Insurance is made up of a number of components, only one of which is related to the value of the boat. Third Party risks are largely a fixed cost dependent on where the boat is kept and used. It does not vary with value. So in low value boats the third party component is a higher proportion of the total premium and on a high value boat a lower proportion. So my £15k MAB is just over £10 per 000, my £60k AWB is just under £5 per 000 (similar to the two examples above) and Solent Boy's Rustler which I guess is insured for nearer £400k is only £3.75 per 000.

The only valid comparisons are for the same boat in the same location, same usage and same terms. In other words get a number of quotations based on the same data and make your own decision which is the best value. In my experience of checking most renewal times the major insurers vary very little in either premium or cover. Fortunately only ever had two claims, both dealt with quickly and a long time ago so can't comment on claims record of Bishop Skinner who I am with now.

Would be interested in why the OP thinks the cover he is being offered is inadequate.
 
Tranona said:
Would be interested in why the OP thinks the cover he is being offered is inadequate.
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I am starting to get some better policies and quotes. The cover I have is with HKJ and I think the issues with that are well discussed on other threads which I would link to if I had the technical wherewithal...

The Y yachts cover is similar - it is the same underwriter and comes across as a bit of a quick fix. I still have issues with the exclusions around mechanical failure - this is something of a catchall. I think it still excludes damage caused by marine mammals - most use terminology that doesn't cover for barnacles but will pay if the boat sinks after collision with, for example, a whale etc. The seaworthiness definition is also pretty onerous.

I get the impression that the sorts of things they are trying to exclude seem reasonable i.e. if my engine breaks or wears out that is a maintenance issue not an insurance claim. It's just the way they go about excluding that leaves the opportunity that reasonable claims not within the spirit of the exclusion could be argued and since they have more legal expertise than I do, I would rather have a clear policy than lots of room for discretion and interpretation.

Now thinking it is clearer to get a policy with a list of risks covered than all risks + exclusions...
 
They will all try and get away without paying up if they can.
The insurance industry needs a good shake up, policys need to be in clear English so the lay man can understand it.
IMHO insurance companies fall into the same category as bankers ie con men, liars and cheats.
Flack jacket on ready for the boat owning insurance broker to reply!!!
 
dougg said:
They will all try and get away without paying up if they can.
The insurance industry needs a good shake up, policys need to be in clear English so the lay man can understand it.
IMHO insurance companies fall into the same category as bankers ie con men, liars and cheats.
Flack jacket on ready for the boat owning insurance broker to reply!!!
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I think you'll find that most insurance companies will have a long list of policyholders who have been shown to be "con men, liars and cheats". :eek:
 
I was insured with GJW who paid up without demurr for 2 substantial claims. Their premiums were reasonable and did not escalate after the claims. The staff were very supportive and helpful at a stressful time.
 
I have had a Quadrant policy for most of my 20 years sailing now, currently with Mercia marine.

I had abrief policy with St margarets, no complaint and was coaxed by GJW but GJW added nasty terms about towing and singlehanding,

I have had claims, mostly theft, one accident ( my fault) .
all the claims were well handledby quadrant and there are no unreasonable terms in he small print imo.
 
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