Insurance

[Graham Woolrich]

Hi Everyone,
Have just had my Insurance Renewal and yet again there has been a steep increase, blamed on the " Changes in the rules for Limitation of Liability for marine claims affecting UK Boat Owners" May 2004. My premium has gone up from £396 to £445.20 less NCB of £89.04. I have been with Haven Knox-Johnston Insurers for nearly 30 years, first covering my Motor Cruiser but now my Avon Rib, I have not had any claims but the recent increases seem excessive. I have £16000 sum insured with an excess of £250, is this the norm or am I being ripped off.
Your thoughts please.
Graham

[Bilge Rat]

Graham

I'd shop around a bit if i were you, you may be able to get your insurance cheaper elsewhere.

[Jimbob]

It have a 21k ish boat 10%NCD - 315 quid. its limited to 12 miles offshore and has the usually warranties, e.g Locks. I looked at the document properly after some comments from here.


Only thing i cannot rememeber the name its something like nuatical, but i can check tonight, unless you get better offers

[Solent Ranger]

I was with HKJ for years untill last year when my premium went up. Moved to Navigators and General and now pay £250 with sum assured of £22k and £150 access.

[Roy Smith]

Hi Graham
We are with Euromarine insurance 01843 603345
Full n.o.d 300 excess. covered for all the drysuits and electronics etc.
two million third party cover for sking
Costs 350 (pound key not working) extra 22.31 to extend cruising from Brest to the River Eibe .just paid mine so the price must be upto date, i have never had a claim so to be honest i dont know how liberal they would be with the company cheque book if it came to paying out, but then all insurance companys are not known for there charitable dispositon ,ask Alan Priddie .
If you quote m400 they give a discount for being a biboa member
subject as some one as already said to having all the right locks etc.
a man who is red hot on the insueance subject would be Richard B .
One thing with insurance that i cant square is that apparently we would not be covered for theft if we left the boat on the trailer connected and hitch locked to the car
in a car park unless we had a wheel clamp fitted , But we would be covered if i left the rib in the marina over night. Funny world isn,t it.
Regards
Roy

[Graham Woolrich]

Thanks for your help. I have contacted the Insurance company's mentioned in this thread and the best quote has come out at £248.81 which includes 25%NCB. The excess is also better at only £150.
Regards,
Graham

[George8910]

On the subject of insurance - I understand that engine weight/power needs to be within manufacturers recommended range for insurance cover - does anyone have experience of obtaining a marine engineers assessment, for example, to enable cover for a larger engine on a 'beefed up' transom?