Rib insurance

[Dhf]

Originally Posted by IanH

After the problems that the poor chap who killed his son found, check the small print to make sure that it covers the age groups that you intend to carry. He was not insured as his son was too young. But I guess, insurance won't bring his son back so it would have been little consolation even if he was covered.

Thats very true, no insurance could ever cover the loss of a child.

I was with craft insure but also felt suss of their low prices and mainly internet comm's, thats not saying their bad though I have heard good reports about them since, but for a bit extra I chose Towergate as it seemed right they wanted more info on the boat and personal boating experience/quals. I chose fully comp for £22 a month, which allows me full UK waters usage including Ireland. It's worth checking where your policy covers you for, some may only cover your local area.

[JeffD]

The £500 Towergate policy covers all of the below. Except the kids!

• Cover for Fire, Theft, Accidental and Malicious Damage
• £3,000,000 Third Party Liability as standard
• Road transit cover included as standard
• 12 months in commission use
• Waterski/towing of toys cover included
• Legal protection up to £100,000
• 30 days Continental use
• Underwater stern gear damage included as standard, with no additional excess

[ppenman]

When I had a claim a couple of years ago the Towergate staff were very helpful. However, I was a bit surprised that I lost ALL my NCB and not just a percentage. That having been said I'll probably stay with them until I have 3 years NCB built up. I never have children on board so I don't have to worry about that part.

[match]

Originally Posted by JeffD

I also need insurance for a Ribcraft 7.8 with a 250 Suzuki on the back? I have to say that insuring a boat is a minefield.

Craft insure want a design speed that is lower than 45 knots! I bet most of your boats go faster than this.

Towergate won't insure anybody for accidental injury that is under 18 or over 76. So unless I am negligent where there is then a third party claim against me (which has a high burden of proof) for anybody carrying children on his policy tuff luck!!

I think they are better insured if you are towing them on a ring or skis!

This is the wording of the Towergate Platinum insurance Policy in respect of personal injury:

Your Policy insures You and Your passengers for accidental death or accidental injury while You or they are on Your boat, or getting on or off it.

Exclusions - Your Insurers will not pay:

• If death or disablement happens more than 12 months from the date You or Your passengers have been injured;
• for anybody under 18 or 76 or over at the time of the accident;
Etc etc

It's not the broker that writes the policy it is the underwriters. Has anybody had a good read of their policy wording which would cover this? I would like my children insured as well as my adult guests.

Thanks.

Every type of insurance is just legalised robbery anyway but you should always read the small print,it's small for a reason me thinks :-)
I'm still looking around for a fair quote if there is such a thing !!!!

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[kerny]

Originally Posted by match

Every type of insurance is just legalised robbery anyway but you should always read the small print,it's small for a reason me thinks :-)
I'm still looking around for a fair quote if there is such a thing !!!!

Sent from my iPad using Rib.net

Very true. My father in law always says never trust banks or insurance company's. I think he's got a point.

[JeffD]

It is a bit sad when they will not insure children though!! They won't even put them on the policy for an additional premium!!

I would say at least 70% of Ribnetters carry under 18 year olds at some point.

[kerny]

Originally Posted by treerat

I don't like this exclusion found in some policies, including Craftinsure's; • Accidents whilst “BoatNameHere” is in transit by road

Found this in our dive club policy as well. Not good as my car insurance won't cover it either. At least the policy via Insure my boat covers transport.

I phoned Craftinsure up today to cancel my renewal with them and when asked why I was not renewing my policy with them I told them that it was because they do not cover my boat while towing. The very nice man on the other end of the phone explained to me that they do cover the boat while towing but do not cover a third party claim as the car insurance should covers this. He did agree though that it could be worded better on there policy documents and that they will address this.

[AJ.]

Thanks for posting this as I was about to give them a call. Did you get this in writing like on an email? Think that is worth doing as a last resort fallback should you be in that unfortunate predicament

[kerny]

Originally Posted by AJ.

Thanks for posting this as I was about to give them a call. Did you get this in writing like on an email? Think that is worth doing as a last resort fallback should you be in that unfortunate predicament

Yes I did speak to him on the phone but here is an extract from my policy....


We will not pay claims by third parties for:

• Accidents to or illness of any persons employed in any capacity whatsoever by you in on or about or in connection
with “IMOGEN”.
• Accidents whilst “IMOGEN” is in transit by road.
• Liability resulting from accidents whilst any person is being towed or preparing to be towed by “IMOGEN” for the
purpose of paragliding, hangglide skiing, ski kiteing, inflatable toys or similar sports or after such person has been
towed until safely aboard.

[hadd]

Originally Posted by match

Hi anybody able to recommend a good company to insure my rib as I'm new to boating and I don't want to get ripped off. :-)

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I'm with thesehttp://www.porthcawl-insurance.co.uk/ £154 fully comp that covers me in transit as well

[Pikey Dave]

As with most things in life, you get what you pay for. I pay around £300 quid for my RIB insurance. For that I get an agreed value, i.e if the boat is nicked or written off, I get the insured value, not "market value" so no haggling over how much they are going to pay. I get cruising limits from the Elbe - Brest & passages in between i.e no limits as to how far offshore I can go. There's no restriction on HP or speed, the only thing being, that if the boat is capable of +20kn, the excess for underwater gear damage rises to £500. No restriction on passenger age (never occurred to me that there would be tbh) etc, etc. Full cover for damage in transit & launching. Be careful on the launching one, I was caught out by that a few years ago. Be careful with the valuation, many policies ask for the value of the boat & calculate the premium accordingly, but will only pay market value in the event of a total loss. Sneaky!! Bishop Skinner did that to me for years until I twigged.
You can't expect to drive down the cost to the last penny & the insurance companies not get it back somehow, either by reducing the cover or playing silly buggers when it comes to paying out. Caveat Emptor.

If you want cheap, I think Tesco have some good burgers on offer.

[kerny]

Originally Posted by Pikey Dave

I pay around £300 quid for my RIB insurance. Full cover for damage in transit & launching.

I pay £228 for a 5.4 and with only one engine so not cheap but reasonable

The question was that with Coversure whom I am insured with, is that do they or do they not cover you whilst towing and I was told by phone that they do cover your boat and trailer but... do not cover any third party claims as the car insurance should cover this. And I was lead to believe that this is the case with most boat insurers.

[Pikey Dave]

Originally Posted by kerny

I pay £228 for a 5.4 and with only one engine so not cheap but reasonable

The question was that with Coversure whom I am insured with, is that do they or do they not cover you whilst towing and I was told by phone that they do cover your boat and trailer but... do not cover any third party claims as the car insurance should cover this. And I was lead to believe that this is the case with most boat insurers.

Aye, damage to the boat should be covered under the boat insurance whilst towing, but the damage to the poor sod who it landed on should be covered on your car insurance. HOWEVER, check your car insurance, as I have seen some policies that exclude towing trailers in the small print. As ever, check the details.

[kerny]

Originally Posted by Pikey Dave

HOWEVER, check your car insurance, as I have seen some policies that exclude towing trailers in the small print. As ever, check the details.

Good point

As we or I would,

automatically think that fully comp on a 4x4 includes towing.

I'm just checking now

[kerny]

Originally Posted by kerny

Good point

As we or I would,

automatically think that fully comp on a 4x4 includes towing.

I'm just checking now

Just spoke to my car insurer and was told that all fully comprehensive insurance covers towing for third party claims only.

[Pikey Dave]

Originally Posted by kerny

Just spoke to my car insurer and was told that all fully comprehensive insurance covers towing for third party claims only.

That's normal, it means that you are covered for damage to the poor sod, but not to your trailer/boat, which is what the boat insurance is for...hopefully

[kerny]

Originally Posted by Pikey Dave

That's normal, it means that you are covered for damage to the poor sod, but not to your trailer/boat, which is what the boat insurance is for...hopefully

Correct P.D.

Back to AJ. This is what it says on my policy so it is covered and from a few positive comments on this thread regarding claims from Coversure I would give them a go AJ.



Territorial scope:

• Whilst ashore or in transit or afloat on inland and coastal waters of the United Kingdom and Ireland, and for a period not
exceeding 30 days in any one period of insurance in Europe

[AJ.]

Originally Posted by kerny

Correct P.D.

Back to AJ. This is what it says on my policy so it is covered and from a few positive comments on this thread regarding claims from Coversure I would give them a go AJ.

Territorial scope:

• Whilst ashore or in transit or afloat on inland and coastal waters of the United Kingdom and Ireland, and for a period not
exceeding 30 days in any one period of insurance in Europe

Cheers Kerny gonna check mine out tomorrow. Sure it will be the same

[neil.mccrirrick]

Originally Posted by hadd

I'm with thesehttp://www.porthcawl-insurance.co.uk/ £154 fully comp that covers me in transit as well

+1 for Porthcawl

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[falcon0310]

Originally Posted by IanH

After the problems that the poor chap who killed his son found, check the small print to make sure that it covers the age groups that you intend to carry. He was not insured as his son was too young. But I guess, insurance won't bring his son back so it would have been little consolation even if he was covered.

you learn something new every day... poor bloke lives near me