Y Insurance sold to Topsail

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longjohnsilver said:
After a few phone calls and emails, this is where I’m at with this.

I contacted Topsail to get a comparative quote. They would not do this over the phone and directed me to their website to input my details, which I didn’t find particularly user friendly. I was told this would give me an immediate quote. It didn’t as it did not recognise DeFever as a make of boat (neither was Nordhavn recognised!). Not particularly impressive so far. And no email to say they’d be in touch.
However, 6 hours later I did have an email with their quote, which on a like for like basis was about 60% higher than Y!! I haven’t seen their policy conditions, but on the basis of Y being recognised as about the best, I can’t see Topsail is likely to offer better cover for the 60%higher premium. It seems to me that if I use Y for this year, my next years renewal is likely to see a huge increase based on the different between Y and Topsail now, and Y not being in existence next year.
I made a few more enquiries elsewhere, and Curtis Marine in Plymouth have come up with a quote for Navigators and General which is less than 50% of the Topsail quote, and about 20% cheaper than Y. I haven’t yet had chance to do a policy comparison, hopefully I’ll do that tomorrow.
My conclusion is that Topsail look expensive now, and I can’t see that changing next year, so my instinct is to move elsewhere now, but I will make my decision tomorrow after doing the policy comparison. The premiums for Y have increased substantially over the past few years (I haven’t made any claims in over 30 years), and in an email to Y just last week, I told them that if this continued next year I would be looking elsewhere. It seems that this sale of Y means I have brought this forward by a year.
As I’ve been typing this, I have received the email from Y about the sale of the company.

if anyone has anything else to add about either Navigators and General or Topsail, I’d be interested to read it.
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How about forwarding your findings to Barrie or someone at Y.
At least they will be aware that people will walk away if they don't "pull their socks up".
Maybe include a link to this thread.
 
I plugged my details in the Topsail quote site and the price was higher than my last premium paid to Y in March . Also noted legal cover is an extra.

Insurance used to be a modest cost but now becoming much more significant.
.
 
I'm about to insue with boat insure (MS AMLIN) their policy is all risks and an agreed value, legal is an extra but it was on my last company. Renewal quote from my current broker is about the same, but it is with a different company and the policy is no where near the same value.
Also gone from all risks to standard cover with a £40 increase hence the move
 
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fred247 said:
I'm about to insue with boat insure (MS AMLIN) their policy is all risks and an agreed value, legal is an extra but it was on my last company. Renewal quote from my current broker is about the same, but it is with a different company and the policy is no where near the same value.
Also gone from all risks to standard cover with a £40 increase hence the move
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That sounds good but in Barrie's letter he said this:-

MS Amlin, previously Amlin, who we have supported exclusively for nine years, have sold the part of their organisation from whom our Binding Authority has been annually issued and it will not be renewed next year.
 
Haven Knox Johnson a family owned insurance broker were purchased by the insurer now known as MSAmlin and re marketed as Haven Knox Johnson.
The new Knox Johnson will be an off shoot of an insurance broker Aston Lark who can do as they wish with the new shiny toy purchased from MSAmlin
Y may just have been surplus to requirements with the new owners .
Shyte happens as they say and experience cast aside.
Navigators appear to have variable wordings with deviation of insurance coverage offered .
 
As an existing customer with renewal in January I am yet to receive any communication regarding the sale or a renewal inviatation

Cheers
Tetley's
 
I’ve been reading this thread and there are some common themes. Has anyone spoken to Panteanius? I saw that they have some new policies out and they say that they are sorted for Brexit
 
smartnail said:
I’ve been reading this thread and there are some common themes. Has anyone spoken to Panteanius? I saw that they have some new policies out and they say that they are sorted for Brexit
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Last time I had a quote, a few years ago, they were considerably more expensive than Y. From what I hear, Pants have different policies in different countries so maybe worth getting a quote from a European branch if based in EU?
 
I’m due to take delivery of a brand new boat just before Christmas and I’ve been trawling the insurance market. Y still seems to offer the best cover and the premium wasn’t much higher than elsewhere. I’d just sent Y an email asking for clarification of one particular clause when I received that round-robin email from them. It made me think twice about insuring with them but having slept on it I think, if their reply is acceptable, I’ll probably go ahead and then review again at renewal next year. I presume the sale of Y won’t alter the terms I’ve currently been offered and any changes in the policy terms won’t affect me until next year.
 
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