Y Insurance sold to Topsail

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Hurricane said:
I don't think thats correct.
I think that there are probably other reasons that he doesn't post any more.
The search facility is pretty carp on this forum since the upgrade but I think most of it is still there if you can find it.
Try searching using Google.
To do that you enter your search in a Google search page and then enter "site: forums.ybw.com" (no qoutes)
This will force Google to search only in forums.ybw.com and not out on the rest of the web.
Sometime finds stuff that the in forum search can't find.
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Mike, I think that’s exactly what happened. He and the forum admin fell out big time iirc.
 
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longjohnsilver said:
Mike, I think that’s exactly what happened. He and the forum admin fell out big time iirc.
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It stems from a boat show when a certain ex-employee of YBW got above his station in said show and JFM witnessed it. Comments were made on here and JFM's comments were deleted in favor of Ex-employee. HUGE MISTAKE YBW.
 
longjohnsilver said:
Here’s the email I sent to Chris , and his reply sent the following morning.

Hi Chris
I’m longjohnsilver from the YBW forum. As requested I’m contacting you.

I received a quote from you on November 24th with a premium of £1507-62. My renewal with Y is £899-14. A quote from another broker, also with Navigators and General came in at £736-42, less than 50% of the same premium from your company!

I look forward to receiving your explanation, and I trust you will be happy for me to share your reply on the YBW forum.

Best regards


Reply
Good Morning John,

I hope this finds you well.

Following on from our correspondce of last night, I have now looked in to this and I have a few comments / queries if that is okay.

1. I note you purchased the boat in xxxx and you have not made a claim in the past 5 years. Our online enquiry forms has the following: -
Claim History
Please provide details of any claims you've had in the last 5 years:

Number of years NCB (no claims bonus) enitlement (?) The question mark when hovered over states 'Your insurer may not currently provide you with a no claims bonus. We may be able to apply a discount for long term claim free ownership.'

If you have been insured claim free for the last 5 years, then we can offer you 20% No Claims Bonus

2. You third party liability limit on your current policy is £3,000,000. Our quote provided £5,000,000.

3. Our excess was £500, whereas your current policy is based on a £700 excess. We can offer a discount if you opt for a higher excess. This is usually done at 10% discount for double the excess.

As a side comment, I note you paid £xxxxxx for the vessel back in 2006. Your vessel sum insured is presently £1500 less. Does this reflect the current market value of the boat? I would suggest it might be worth reviewing this come next renewal, as ultimately a lower sum insured means a lower premium.

I very much hope this helps clarify things, but remain at your disposal should you have any further queries.

Kind regards

Chris McGowan
Managing Director | Topsail Insurance Ltd
Director | Topsail Insurance Pty. Ltd.

The other quote I mention in my email has exactly the same cover and excess as the quote from Topsail. Unfortunately he didn’t answer my question as to the huge disparity in premiums.
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Thanks John,

I was only able to provide a comparison on that which is available to myself. I have not had sight of the other quote, but would be happy to pass comment on this if you wish. All I ask is you forward a copy to me.

Regards

Chris
 
Gary Fox said:
A question in very simple words, with a yes or no answer: If I renew with Y now, a few weeks before my policy runs out, will they have to give me the same contract, and be obliged to honour my existing cover, or not?
1) Yes they must.
2)No they can feck me about as they see fit.
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Hi Gary,
If you are in receipt of your renewal terms, then yes this will be honoured.
I welcome any other queries in email - chris@topsailinsurance.com
 
Hurricane said:
This sounds very much that the policy terms will change then.
Can you confirm that any policy that we now have can be renewed under the same terms at the next renewal?
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I've read the terms and conditions of the TopSail insurance and they look very similar to the Y terms. There's nothing onerous jumping out at me (e.g. galvanic corrosion, anchoring exclusions, etc).

Going forward, these policies will be underwritten by Navigator's and General (using their rate tables I assume) so I don't understand why you expect the terms to be identical to those of Y (whose policies were underwritten by Amlin).

For what it's worth, I ran an online quote and the premium for a new (N&G backed) policy was comparable to my current Y (Amlin backed) policy.

I did have one query that I emailed Chris about and he has responded promptly and answered my question.

So all seems to be good to me :).
 
petem said:
I've read the terms and conditions of the TopSail insurance and they look very similar to the Y terms. There's nothing onerous jumping out at me (e.g. galvanic corrosion, anchoring exclusions, etc).

Going forward, these policies will be underwritten by Navigator's and General (using their rate tables I assume) so I don't understand why you expect the terms to be identical to those of Y (whose policies were underwritten by Amlin).

For what it's worth, I ran an online quote and the premium for a new (N&G backed) policy was comparable to my current Y (Amlin backed) policy.

I did have one query that I emailed Chris about and he has responded promptly and answered my question.

So all seems to be good to me :).
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It’s this lack of ambiguity I like about the “current “N+G .Are you sure Pete Amlins unattended @ anchor is clear and un refutable?

From N+G below

Page 11 - definitions

Recognised mooring: A professionally laid and maintained yacht mooring or sheltered anchorage which appears in a marine publication such as a chart, almanac or area/pilotage guide.

Page 32 .
Not pay for
9 the vessel being stranded, sunk, swamped or breaking adrift whilst unattended except on a recognised mooring.
 
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Forums crashing today !

A while back I could not find anything in the Amlins specifically mentioning the unattended @ anchor so I contacted ( well via the broker ).
what came back was they would refute a claim if it was out of line of sight and un returnable with 1/2 hr .
Perhaps the expectation is it’s never left unattended @ anchor ?Dunno ?

With no crew and mostly family + friends there are times when it will left unattended, more so with a couple boating .So for me that’s an important little nuance.Expect it is for the majority on here as well .

A the time folks on here played the all risks card telling the forum unattended @ anchor would be covered by that .
They all have “ all risks “ mentioned , and exclusions .
The wisdom by the Amlin fanboys was if it’s not in exclusions it’s covered .

Most on here are NOT lawyers and it seemed to me because of typical Med usage patterns you could with Amlins end up in a refute situation if you went ashore for a meal , a walk , shopping or what ever and the boat was not there when you returned .
Argument was it’s not mentioned in the exclusions I get that but surley it’s better mentioned in what’s included/ covered to remove any doubt I would have thought ?

I wanted something a bit more specific which my broker found .
Ok it’s “recognised anchorages and sheltered bays “ but see your chart and anchor in them then go ashore .
It’s in writing with N+G .

Any how Amlins ( then ) raised the refute Spector but only after I enquired.
 
Portofino said:
Forums crashing today !

A while back I could not find anything in the Amlins specifically mentioning the unattended @ anchor so I contacted ( well via the broker ).
what came back was they would refute a claim if it was out of line of sight and un returnable with 1/2 hr .
Perhaps the expectation is it’s never left unattended @ anchor ?Dunno ?

With no crew and mostly family + friends there are times when it will left unattended, more so with a couple boating .So for me that’s an important little nuance.Expect it is for the majority on here as well .

A the time folks on here played the all risks card telling the forum unattended @ anchor would be covered by that .
They all have “ all risks “ mentioned , and exclusions .
The wisdom by the Amlin fanboys was if it’s not in exclusions it’s covered .

Most on here are NOT lawyers and it seemed to me because of typical Med usage patterns you could with Amlins end up in a refute situation if you went ashore for a meal , a walk , shopping or what ever and the boat was not there when you returned .
Argument was it’s not mentioned in the exclusions I get that but surley it’s better mentioned in what’s included/ covered to remove any doubt I would have thought ?

I wanted something a bit more specific which my broker found .
Ok it’s “recognised anchorages and sheltered bays “ but see your chart and anchor in them then go ashore .
It’s in writing with N+G .

Any how Amlins ( then ) raised the refute Spector but only after I enquired.
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This has been debated to death and I have no intention of debating it any further. As I said above, I'm quite happy with the Amlin and topsail wordings.
 
petem said:
This has been debated to death and I have no intention of debating it any further. As I said above, I'm quite happy with the Amlin and topsail wordings.
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You might be but ......
It’s something for the benefit of others Pete .
It illustrates the ever changing goal posts if the underwriters and the slight changes in wording , be it additions , deletions , exclusion s each underwriter does each year .
Which is why you should consider carefully which “ crocodile “ you prefer to swim with .


For instance for me I not interested in “ fine art “ “ fire arms “ “ loss of charter income “ “ loss of freezer contents “ and such like .
As a med boater the unattended @ anchor strikes a cord and its silence in the Amlin followed by my inquiry seemed to open up a whole possible refute bun fight .

Irresponsible theses day to assume anything.....get it in writing , locate the boundaries......if possible!
They ( marine leisure underwriters ) are not flush theses days hence all the posts = more refuting tactics .
 
Hi All,
I sent a post yesterday trying to clarify the wording position, but this was removed by Admin. Please contact me chris@topsailinsurance.com if you have any specific queries, as it is clear I cannot fully reply here without the post being taken down. thanks
 
PM sent to clarify the “ unattended @ anchor “ question .
I feel responsible for tying it off having raised it .......again for the benefit of the forum .

No point burying your heads in the sand I want to know where you all stand those with Amlin current policies .
 
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