Hi guys,
Just wondering what insurance do you guys use for you sailboat. I am about to buy a 25ft. I got a quote from Youi ... and they ask $250/month 2600 excess for comprehensive insurance!! I am not ready to pay this much ...
Any insurance brokers to recommend?
Cheers,
Fabien
It helps to have a current marine surveyor's report when buying insurance or asking for a quote. I use NRMA and pay much less than your quote for a larger sail boat. Knowing the age of the standing rigging also helps; if it's over seven years you may find either raised eyebrows or prices or even no offer of insurance. Some companies have issues with boats on moorings rather than being kept in a marina.
Select to expand quoteTheFrenchy said..
Hi guys,
Just wondering what insurance do you guys use for you sailboat. I am about to buy a 25ft. I got a quote from Youi ... and they ask $250/month 2600 excess for comprehensive insurance!! I am not ready to pay this much ...
Any insurance brokers to recommend?
Cheers,
Fabien
This has been done to death search back q few pages.
I ended up going with abhm.com.au/ which are through QBE.
Haven't had a claim or anything with them but they have been nice to deal with over the phone and didn't need a survey etc..
I'm sure the PDS has conditions and terms in their favour etc however I', sure they all do....
Mines about $80/month for a 23ft on a swing mooring incl racing & I think the value is $25k
Hi Fabien try youi again. You will end up speaking to someone else and end up with different price
I first got knock back with youi then rang about 4 other insurance company they all wanted survey which was fair enough, problem is i needed insurance to haul boat out of water for survey but could get insurance because i didn't have survey catch 22 i then rang youi again spoke to a different person and now have insurance for $104 a month for 31 foot boat with $2500 excess
So it all depends who you talk to
Select to expand quotesunycoastguy said..
Hi Fabien try youi again. You will end up speaking to someone else and end up with different price
I first got knock back with youi then rang about 4 other insurance company they all wanted survey which was fair enough, problem is i needed insurance to haul boat out of water for survey but could get insurance because i didn't have survey catch 22 i then rang youi again spoke to a different person and now have insurance for $104 a month for 31 foot boat with $2500 excess
So it all depends who you talk to
But will they pay up when you need them to? Youi have a track record of not paying and/or making it hard to get them to pay claims.
I pay $900.28 per year to Pantaenius for my 34ft yacht with about $60,000 agreed value coverage.
Fabien, this is a recurring subject ! Here is food for thought and those that have heard me rant before forgive me but others might not think of it.
Ive paid third party only insurance the last 5 years now saving nearly $4000 and rely on my Trek Transponder warning and me to cover anything that might happen to my boat itself. There is a risk that something catastrophic could happen to the boat so fast I couldn't drive 1 hour to it and fix the problem. But in 40 years of boating it never has, I will risk it. Anyone else contemplating the idea needs to consider that.
Here are two pings from Trek cams on my boat in Pittwater right now so I KNOW alls OK though I am stuck at work in Parramatta:-
Select to expand quoteTrek said..
Fabien, this is a recurring subject ! Here is food for thought and those that have heard me rant before forgive me but others might not think of it.
Ive paid third party only insurance the last 5 years now saving nearly $4000 and rely on my Trek Transponder warning and me to cover anything that might happen to my boat itself. There is a risk that something catastrophic could happen to the boat so fast I couldn't drive 1 hour to it and fix the problem. But in 40 years of boating it never has, I will risk it. Anyone else contemplating the idea needs to consider that.
Here are two pings from Trek cams on my boat in Pittwater right now so I KNOW alls OK though I am stuck at work in Parramatta:-
This time last year I tried to get 3rd party, no company was remotely interested, some WA underwriter was going to take me on for $900, I comprehensive insure a car for about a third of that ? you can guess the outcome. So trek who does 3rd party these days ?
I'm a bit like Morningbird, I'm leery after a friend lost his boat a year ago and really went through the wringer on the payout, so I am very focused on the t&c's.
$372 per month on a 40' with Nautilus for mine.
The premium starts at $500 for personal effects up to $5000 for MSRS.
Please refer to the thread:
Insurance you 0 : QVB 10
few months back!
(and don't try to save on insurance with high excess - please!
It is false economy!)
Select to expand quotewoko said..Trek said..
Fabien, this is a recurring subject ! Here is food for thought and those that have heard me rant before forgive me but others might not think of it.
Ive paid third party only insurance the last 5 years now saving nearly $4000 and rely on my Trek Transponder warning and me to cover anything that might happen to my boat itself. There is a risk that something catastrophic could happen to the boat so fast I couldn't drive 1 hour to it and fix the problem. But in 40 years of boating it never has, I will risk it. Anyone else contemplating the idea needs to consider that.
Here are two pings from Trek cams on my boat in Pittwater right now so I KNOW alls OK though I am stuck at work in Parramatta:-
This time last year I tried to get 3rd party, no company was remotely interested, some WA underwriter was going to take me on for $900, I comprehensive insure a car for about a third of that ? you can guess the outcome. So trek who does 3rd party these days ?
Woko, Youi. Also a smaller insurance company in Victoria said they would do third party too but because of my alcohol induced dementia I cant remember who it was.
I underinsured a jaguar car. Had a stack 6 years back it's still in garage not fixed. Don't under insure
i only drove the car say 7 times a year bad luck.
My kids tell me we have 5 boats all uninsured what am I up to
we will insure something soon
have fun
