A guide to buying Yacht Insurance…
Buying insurance for your Yacht / Boat?
You may well have been presented with a number of different policy wordings from a variety of companies, the aim of this guide is to help you decide what sort of policy you require.
Both the cover provided by the different insurance companies and the service they offer, can vary greatly. Please bear in mind that a cheaper policy may end up costing you a lot more money in the long run, should you have to make a claim.
Everyone's needs are different, and only you can decide if wider cover is important to you. It is essential though, to understand what is being offered to you, before being able to make an informed decision and signing up.
Important points to remember to check before you buy insurance for your Yacht / Boat.
Third Party Liability
You should not consider going afloat without liability insurance, which will cover you if you cause damage to another boat or cause injury. The industry standard provides a limit of £2,000,000 and should be sufficient in the UK.
Comprehensive Cover
Will provide cover for your boat against accidental damage, theft, fire and vandalism.
Laid up Period
Do your insurers restrict cover by insisting that your boat is laid up ashore between certain dates.
Racing Risks
Some policies will provide cover for racing under sail as standard, but some insurers may charge an additional premium. If you start a race without paying the additional premium, your insurance company would be entitled to reject a claim. If your activities include Club racing, Off Shore racing, contact your agent/broker to ensure you are covered. Also enquire about the increased excesses which can be as much as 1/3 of the total claim before any other deductions for wear and tear/ age of equipment lost or damaged.
New–For–Old Cover
This will replace damaged items with new, but there may well be an age limit on your equipment. For instance if you were to break a ten year old mast, some companies would replace this with a new mast of equivalent specification, others would only pay out what they considered to be the mast's value at the time of loss, leaving you to fund the difference.
Damage to underwater machinery
will provide cover for propeller and engine damage if you were to run aground or hit a submerged object. Not all policies provide this cover as standard, and many have limits as low as £1,500 per claim, it is always best to ask what the limit is before buying your policy.
Policy Excess
The amount you will be required to pay of any claim made. This is usually negotiable.
Guides to buying marine insurance
At www.insure–a–boat.co.uk we want to ensure that you make an informed decision when purchasing your marine insurance policies.
That's why we've put together a series of insurance buying guides for your reference. The guides can be downloaded for your reference.
It's simple. All you need to do is select the guide you require from the list below or click download.
If you have any questions regarding Yacht / Boat Insurance, we would be pleased to assist.
We can be contacted at:
or by telephone on
J Gosling (Insurance Brokers) Ltd
& Insure A Boat Ltd
64 High Street
West Mersea
Colchester
Essex
CO5 8JE
Or use our online form for a quotation
Additional Information
marina insurance
If you need to buy marina insurance you may well have been given a number of different policy wordings from a variety of companies, this is a guide is to help you decide what sort of policy would suit you more and give you the exact cover you need. You have to look for value for money the cheapest is not always the best. A. cheaper policy may end up costing you a lot more money in the long run, should you have to make a claim. Your needs will be different to everyone else`s and only you can decide if wider cover is important to you. It is essential though, to understand what is being offered to you, before being able to make an informed decision and signing up for any marina insurance .There are a few things to think over before you decide .Firstly there is third Party Liability you should not consider going anywhere on the water without liability insurance, which will cover you if you cause damage to another boat or cause injury to any person. The industry standard provides a limit of £2,000,000 and should be sufficient in the UK. Comprehensive Cover will provide cover for your boat against accidental damage, theft, fire and vandalism which is a great risk to any boat.Lastly do not forget to insure for any laid up cover some companies may insist it is laid ashore between certain dates.
boat insurance
Are you a passionate sailor that likes to take their dinghy out on the water whenever the opportunity arises? If you have a dinghy in your possession you`ll want to keep it that way and make sure it is protected from loss or damage. Getting boat insurance can be a wise move as you never know when the unthinkable might happen. Suppose you keep your dinghy at the local sailing club and it has intruders one night? Your dreamy dinghy could be loaded onto a trailer and you`ll never see it again. By protecting your dinghy with boat insurance you`ll ensure that should the unthinkable happen and your dinghy gets stolen you`ll be able to claim for your loss. There are many boat insurance policies for you to peruse so you should be able to find one that is suitable for your needs. Not all of the policies will be comprehensive though, so it pays to shop around and find one that will cover you for any number of eventualities. You might find that certain types of boat insurance cover you for the loss of sailing equipment too, plus damage or loss of outboard motors. Most policies won`t cover you for wear and tear on your vessel but damage caused to your boat by other crafts should be covered. Therefore when you purchase your new dinghy you should feel confident about sailing it knowing that you have a comprehensive boat insurance policy in place. Whether you race your dinghy or use it for more gentile purposes you`ll find boat insurance will have you protected at all times.
small boat insurance
boats have been with us for some time now in the UK and there are many makes and models that frequent numerous water centres. Taking to the wet stuff on your powerful small boat will be an exhilarating experience and you`ll want to be subjected to this sensation as often as you can. Therefore, you`ll want to ensure your small boat is protected from thieves and should the worse happen and your small boat gets stolen, you`ll want to be covered and be able to buy a replacement model. Taking out small boat insurance is one way to make sure that stolen property is covered when thieves strike. You`ll find there are numerous companies that can offer small boat insurance and they are very comprehensive policies indeed. Typical small boat insurance policies cover you for theft of your small boat either from its usual place of storage or when it is transit. As long as you have taken suitable security measures such as fitting locks or clamps, you`ll find that your small boat is covered. Of course, when you have a small boat you`ll need to transport it around to various watery locations and if it`s on a trailer it can be vulnerable. As well as being exposed to would be thieves, there`s the chance that your small boat can get damaged. Take out small boat insurance and you`ll find that many policies cover you for theft whilst in transit or physical damage when it is on the move. You`ll be proud of your powerful small boat so make sure you have it covered with an effective small boat insurance schedule.
Dinghy Insurance
Are you a passionate sailor that likes to take their dinghy out on the water whenever the opportunity arises? If you have a dinghy in your possession you`ll want to keep it that way and make sure it is protected from loss or damage. Getting Dinghy Insurance can be a wise move as you never know when the unthinkable might happen. Suppose you keep your dinghy at the local sailing club and it has intruders one night? Your dreamy dinghy could be loaded onto a trailer and you`ll never see it again. By protecting your dinghy with Dinghy Insurance you`ll ensure that should the unthinkable happen and your dinghy gets stolen you`ll be able to claim for your loss. There are many Dinghy Insurance policies for you to peruse so you should be able to find one that is suitable for your needs. Not all of the policies will be comprehensive though, so it pays to shop around and find one that will cover you for any number of eventualities. You might find that certain types of Dinghy Insurance cover you for the loss of sailing equipment too, plus damage or loss of outboard motors. Most policies won`t cover you for wear and tear on your vessel but damage caused to your boat by other crafts should be covered. Therefore when you purchase your new dinghy you should feel confident about sailing it knowing that you have a comprehensive Dinghy Insurance policy in place. Whether you race your dinghy or use it for more gentile purposes you`ll find Dinghy Insurance will have you protected at all times.
Jet Ski Insurance
Jet skis have been with us for some time now in the UK and there are many makes and models that frequent numerous water centres. Taking to the wet stuff on your powerful jet ski will be an exhilarating experience and you`ll want to be subjected to this sensation as often as you can. Therefore, you`ll want to ensure your jet ski is protected from thieves and should the worse happen and your jet ski gets stolen, you`ll want to be covered and be able to buy a replacement model. Taking out Jet Ski Insurance is one way to make sure that stolen property is covered when thieves strike. You`ll find there are numerous companies that can offer Jet Ski Insurance and they are very comprehensive policies indeed. Typical Jet Ski Insurance policies cover you for theft of your jet ski either from its usual place of storage or when it is transit. As long as you have taken suitable security measures such as fitting locks or clamps, you`ll find that your jet ski is covered. Of course, when you have a jet ski you`ll need to transport it around to various watery locations and if it`s on a trailer it can be vulnerable. As well as being exposed to would be thieves, there`s the chance that your jet ski can get damaged. Take out Jet Ski Insurance and you`ll find that many policies cover you for theft whilst in transit or physical damage when it is on the move. You`ll be proud of your powerful Jet Ski so make sure you have it covered with an effective Jet Ski Insurance schedule.
Speed Boat Insurance
People purchase pleasure crafts so they can enjoy the thrills and spills of life on the open water. From yachts to dinghies, jet skis to speed boats the love affair with water can be enjoyed with many vessels. Some like the calm serenity that sailing can offer whilst others like the thrills that racing speed boats can give. If you are the fast and furious type that loves to take your speed boat out on the water you`ll want to protect your prized vessel from accidental damage. Moreover, should some envious type take a shine to your craft, you`ll want to make sure it`s protected from theft. Purchase Speed Boat Insurance and you`ll be covering yourself and your boat from any number of potential scenarios. When you have Speed Boat Insurance you`ll be able to take to the water in complete confidence and know that if the worse happens and you have an accident, you`ll be covered and so will the other parties involved. In fact, accidental damage to your boat can also include damage to outboard motors, trailers or any equipment you might use. With the comprehensive Speed Boat Insurance schedules available right now you`ll find you can be covered for a wide variety of damage. Should your speed boat get stolen you`ll be able to make a claim and have a new for old boat ready to take to the water. Pleasure crafts like speed boats are perfect for fun and frolics and with Speed Boat Insurance covering all eventualities, you`ll be able to use your vessel any time you like.
Yacht Insurance
You`ve taken possession of a sea-faring beauty and you have it moored in the local marina. You take to the deck and begin to explore it; then realize you`ve forgotten to purchase Yacht Insurance. Don`t panic at the thought of not having Yacht Insurance though as a simple phone call can fix the problem. If you want to use your yacht on a regular basis it`s certainly worth having a good Yacht Insurance policy that can cover you for any number of eventualities. You can purchase a Yacht Insurance policy that will cover you for accidental loss or damage to your boat and it can also cover all of your equipment too. Supposing you have your yacht stolen from where it is moored when you are not around? With a comprehensive Yacht Insurance policy in place, you`ll be able to make a claim and be reimbursed for your loss. Other equipment that goes with your yacht can be very expensive to buy so if items like outboard motors, trailers or sailing gear get stolen, these too can be covered by your Yacht Insurance policy. When you use your yacht there are a number of scenarios that could require you making a claim on your Yacht Insurance policy. The masts or the sails could become accidentally damaged and should this happen, you`ll be able to get them repaired or replaced. If you have a new Yacht that you are itching to sail make sure you have a Yacht Insurance policy that can cover you for all sorts of sailing mishaps.