Who to insure with?

Interestingly, I have been reading some insurance small print and looking at GJW it seems they demand a fire extinguisher of at least 2kg in the galley.

So, how many of you GJW customers meet this criteria?
 
Just had a very competitive quote from Euromarine. Almost half price in fact. The trouble with the quote is with this clause, which applies to all boats capable of more than 17 knots:

3. Loss or damage to the rudder, propeller, strut, shaft, motor, electrical machinery or batteries, and their connections, caused by the vessel striking a submerged or partially submerged object whilst underway, is subject to a £100 excess in addition to the total excess specified on the schedule.

The maximum amount payable under Clause 3 of this Special Endorsement during the period of insurance is limited to £1,500.

So this, together with the £250 standard excess, means that I am only ever going to be able to claim £1150 for possible damage to my outdrive if I hit something in the water :eek: That wouldn't even pay for my props.
 
Newsailer - that would certainly put me off.

Did they say who the policy was with ?

As has been said before, the price of the policy premium is totally irrelevant if these types of limits or restrictions are in place. I would rather pay double and have complete cover.
 
Inetrestingly it is underwritten at Lloyds through none ther than GJW! I have looked closely at the GJW policy and can't see an equivalent endorsement, but then they are quoting quite a bit more.

Agree with the comments regarding policy cost. Would rather pay more for full cover, so I am currently leaning heavily towards going with GJW directly but will check with them at the boat show regarding underwater cover and I will ask about their 2KG fire ext requirment as mentioned above. I have 2 x 1kg available in the galley so they might accept this.
 
I am getting rather weary reading all this small print but the latest is from Craft Insure supplied by Navigators and General:

• If “BoatNameHere” is over 20 years old, and more than 23ft in length, you have in your possession a survey report not more than three years old from a qualified yacht surveyor with all recommendations complied with.

Now I know that a survey is often asked for for older boats, but this implies that you will need to get a new one every 3 years, which to me seems a bit OTT.

I also wonder if, once you are with them and have been for a few years, they don't actually remind you of this and simply ask for said survey in the event of a claim. No survey = no insurance.

I must stop this reading, I am getting too cynical :rolleyes:
 
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" but this implies that you will need to get a new one every 3 years, which to me seems a bit OTT. "
No survey = no insurance.

Fairly standard insurance requirement and many ins.companies require sight of your survey before giving you any cover.
With Saga you must have recent survey but do not need to provide another all the time you remain insured with them.
 
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