Hi,
I am having trouble finding third party boat insurance for my old yacht.
Can anyone recommend a company that insures boats over 20 years old.
Thanks
Try Trident marine. Should come up in google. You will need an "out of water" survey and in some cases will need to provide evidence of fixing any issues the insurer is concerned about. I haven't claimed with them so not sure how well they will respond if that dark day arrives.
Trident, nautilus and club marine will all insure older boats. The trick is though, don't ask for third party insurance, fully comprehensive will actually cost less. Much, much less. Don't ask me why, I have no idea...
Apia charge $112.
Club Marine and Nautilus wont cover yachts in Jervis Bay even brand new for any money!
How would you go about insuring a $21k yacht on a swing mooring. Should I insure the lot or just get third party?
Also the broker is recommending nautilus?! thoughts?
Rly appreciate your help.
Shouldnt be a problem if the boat is less than 20 years old and not made of ferro cement or wood.
If it is, then you will have issues.
I would just get comprehensive as third party on boats is the same or more than comprehensive for some reason.
Guess they figure you are more likely to break mooring and hit another boat than sink your own boat.
Good luck :)
Do not use Trident. I was insured with them for years and had never made a claim. One year they went very strange, did not want to renew my insurance, refused to take my 'phone calls to explain why, never responded to emails, etc. Try Nautilus in Perth - they seem honest and helpful and were very happy to take over my insurance after Trident. I've been with them several years (and still I have never made a claim).
Hi all,
I am insured with Anchorage Marine and am in NSW for all NSW waters. I pay $473 for a 30ft clansman and am very happy with them, although never claimed. All the best
It would appear they are throwing the baby out with the flood water. Spoke to nautilus yesterday and they say that while I am covered at the moment,six weeks before my renewal is due I will get a letter that they don't insure swing moorings anymore.marina or for and aft mooring no problem.did they not see all the yachts proceeding to sea with the flood waters earlier this year secured for and aft to the marina pontoon they were tied to or smashed in the car park of the marina? My boat is currently moored in pittwater at the end of a protected inlet.hopefully someone will think this through.
NRMA are worth a try, my Top Hat is with them and it's about $500 per year comprehensive without race cover, but we don't race. Apparently, according to the person on the phone, it does cover my rig, which is less than 12 months old.
When I took out the cover, they wanted an on water survey only. I too am moored in Pittwater, which has thousands of boats on swing moorings, seems strange an insurance company is going to wipe out the majority of their market........
See my message above about Jervis Bay. Since the catastrophe there awhile back lots of insurance companies have gone queer. You may have cover now but when it comes time to renew you may get a surprise. I think NRMA turned me down because of a swing mooring! They were not the only ones either!
I'm with NRMA also Michael, no problems so far, but then I have all my insurance with them. Time will tell.
If this problem gets any worse the marinas better get together and get the problem sorted or they will go out of business, especially those ones relying on cruising yachts for their cream!
This insurance issue has the potential to really change non professional sailing. I think there is potential niche market for an insurer, for yachts on swing mooring where the necessary risk reductions are in place - i.e evidence of mooring services and robust deck cleats confirmed via survey etc. Its not that hard to have sensible checks for deck cleats, moorings etc, reduce the risk and provide coverage.
The issue here is all the old bangers on moorings that are rarely sailed and have zero maintenance or serviced moorings - increasing everyones risk.
Select to expand quoteFiesta said..
This insurance issue has the potential to really change non professional sailing. I think there is potential niche market for an insurer, for yachts on swing mooring where the necessary risk reductions are in place - i.e evidence of mooring services and robust deck cleats confirmed via survey etc. Its not that hard to have sensible checks for deck cleats, moorings etc, reduce the risk and provide coverage.
The issue here is all the old bangers on moorings that are rarely sailed and have zero maintenance or serviced moorings - increasing everyones risk.
Not really.
The old mooring minders are probably not insured at all. I have seen a mooring failed only a few weeks of being "professionally" serviced!
