Steruth1
Well-Known Member
I am just about to insure a 50ft boat, I am asking a question im sure that's been asked many times so apologies, but who is the best and who should I avoid?
Who best to insure with
- Thread starter Steruth1
- Start date
pks1702
Well-Known Member
My two penneth....
Y Yachts - many here have switched to them, just do a search for insurance threads.
See here http://www.yyachtinsurance.com/
Y Yachts - many here have switched to them, just do a search for insurance threads.
See here http://www.yyachtinsurance.com/
Tranona
Well-Known Member
You will get as many recommendations as there are insurance companies. Get 3 or 4 quotes and compare prices and terms.
Just to start you off, many people here use Y Insurance www.yyachtinsurance.com
Just to start you off, many people here use Y Insurance www.yyachtinsurance.com
Nigelpickin
Well-Known Member
Leslie at Curtis marine will gladly quote for a policy. They have a Jeanneau policing through HKJ and I can tell you first hand that they are a pleasure to deal with.
no affiliation other than from personal experience and satisfaction
Lesley@curtismarine.co.uk
Good JFM approved policy
no affiliation other than from personal experience and satisfaction
Lesley@curtismarine.co.uk
Good JFM approved policy
sailorman
Well-Known Member
Many here are with
http://yyachtinsurance.com
http://yyachtinsurance.com
Momac
Well-Known Member
I am also needing to renew.
'Y' have kept the premium as last year but the tax has increased.
Anyone tried to haggle with'Y' ?
'Y' have kept the premium as last year but the tax has increased.
Anyone tried to haggle with'Y' ?
AllanG
Well-Known Member
I've been with GJW for many years but, luckily, as I haven't ever made any claims, I can't comment on how they would handle that.
Pinnacle
Well-Known Member
Step forward jfm.................
lynall
Well-Known Member
If you read the posts on why People are using Y Yacht insurance thanks to JFM, you would be well advised to ask the same questions of any other insurer you get quotes from.
JFM asked some very good questions and got some not so good answers, they came back with different answera, rewrote their terms etc and thats why people are using them.
They are a real pleasure to deal with, nice and simple (the transaction not themselves!) and zero hassle.
JFM asked some very good questions and got some not so good answers, they came back with different answera, rewrote their terms etc and thats why people are using them.
They are a real pleasure to deal with, nice and simple (the transaction not themselves!) and zero hassle.
jfm
Well-Known Member
Noooo! I've written enough on this topic. I personally insure with Y, with a tweak to their policy wording published on here before. On that footing I like Y's policy very much. I used to be with pantaenius using their previous policy but I dislike their new policy a lot and would never buy it. I like hkj's policy too, with similar tweak to what I've recommended for Y. Quite a few providers including Y, pants, hkj, gjw are very pleasant to deal with and that is nice but is a different point from whether the u/writer will pay out in a total loss.
As to who to avoid, there's a long list. Search past threads or come back on here when you've made your choice and are about to sign up. I get beaten up if I name them all. I wrote on here that IMHO the denovo policy is junk and their main man accosted me in a pub and told me how wrong I was. I told him how wrong he was. After a while he came round a bi,t and bought me a beer I think.
As to who to avoid, there's a long list. Search past threads or come back on here when you've made your choice and are about to sign up. I get beaten up if I name them all. I wrote on here that IMHO the denovo policy is junk and their main man accosted me in a pub and told me how wrong I was. I told him how wrong he was. After a while he came round a bi,t and bought me a beer I think.
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Steruth1
Well-Known Member
Thanks everyone I will get some quotes from the ones mentioned.
Whitelighter
Well-Known Member
J,
What did you change in the Y policy. Just out of interest as I am insured with them
What did you change in the Y policy. Just out of interest as I am insured with them
Fantasie 19
Well-Known Member
Over may years of reading these kinds of posts there'll be someone who has a good view, or bad view, of every single insurance company there is..
F.w.i.w., I have a lot of time for CraftInsure - they dealt with a problem I had four or five years ago very well, and I've been with them ever since...
gjgm
Well-Known Member
Just to add on helpfulness on Y, I just asked if it was possible to extend the standard crusing range a bit as I might well go a bit beyond that. Immediate email reply saying, yes, sure, here are your new docs.
Pretty impressive.
Pretty impressive.
volvopaul
Well-Known Member
Y insurance, I have just renewed and hot a slightly cheaper quote from GJW, they politely pointed out all the pitfalls of GJW policy and showed me how they dealt with the things GJW didn't cover , I immediately paid my dues!!!
Sandyshore
Well-Known Member
Nautical for me tried Y and all they did was comment on other policies.
Did not like the sale jargon running others down
Also interesting to note Y do not have a claims department and sub contract out to HKJ !
Did not like the sale jargon running others down
Also interesting to note Y do not have a claims department and sub contract out to HKJ !
jfm
Well-Known Member
Each to their own but I'm baffled by the approaches folk take to buying insurance. The guys you buy from are different people from the ones you'll face in a total loss when n X your annual income sinks. I'll buy from the horriblest people out there if I like the policy and the u'writer. Likewise if mr nice guy accompanied by Kiera knightly in a bikini personally come to buy me lunch and sell me a flawed policy I won't bother
I don't know the terms and u/writers behind nautical so can't comment on their policy
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It's difficult for us (the un-trained consumer) to judge, because almost none of us have ever (thankfully) found ourselves in a total loss situation, so we have no idea which clauses might or might not cause a claim refusal. I can evaluate an I.T. system and point out where the flaws are likely to be because I have been directly involved with some really quite broken ones, but I wouldn't know where to start when looking at an insurance policy, other than if the salesman was indeed accompanied by Kiera Knightley, and the price moderate, he would most likely gain another customer.
jfm
Well-Known Member
Is that really true? Here's an example. One aspect (there are many) of my dislike of the Zurich policy sold by craft insure mentioned above, for example, is that it can look like an agreed value policy yet unlike the agreed value policies from hkj, y and pants it contains this gem of a clause:
Niiiice. So you pay agreed value premium rates, you enter the invoice price of your new boat as an honest agreed value, and you say suffer total loss at say 3 years old. The nice people at Zurich are free to give you not cash but a manky 2nd hand boat in worse condition and appearance than yours
You don't need any special expertise to read these awful clauses.
We will pay the reasonable cost of repair for loss or damage. In the event of a Total Loss or constructive Total Loss, we will either pay the Agreed Value of the Vessel or provide a replacement Vessel of a similar age, size and type. Reasonable replacement or repair to be considered sufficient, even if the appearance and condition of the Vessel is not the same as prior to the claim.
Niiiice. So you pay agreed value premium rates, you enter the invoice price of your new boat as an honest agreed value, and you say suffer total loss at say 3 years old. The nice people at Zurich are free to give you not cash but a manky 2nd hand boat in worse condition and appearance than yours
You don't need any special expertise to read these awful clauses.
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jfm
Well-Known Member
jez I wrote the exact wording in a post a few months ago. I don't have it to hand- I'm travelling with just iPad. Problem with insurance threads is there are too many. Each person asks the same "what to buy" in a new thread and so the historic forum data is spread all over the place! Can you try a ybw Google search?
