YOUI insurance cover boats under 12mtrs. well worth a quote. i saved about 30% of my nautilus policy
Nautilus Marine have been good so far - although I have never made a claim.
Trident Insurance are absolutely terrible - very shonky - and I never made a claim with them either.
Many people in the trailer sailer brigade use Professional Insurance Brokers., they're in Vic and are much cheaper than dealing direct. Claims (not that I've had any) are reportedly simple. If I had a keeler I'd definitely call to see.
I can get a number if you're interested.
I have these guys www.pantaenius.com/au-en/
They had a stand next to us at The Wooden Boat Show in Hobart and they are the only insurance company that would insure my Etchells (on a mooring) for 3rd party only for racing. The boat is only worth $5k so didn't really see the need for comprehensive.
Select to expand quotecaptainyanti said...
YOUI insurance cover boats under 12mtrs. well worth a quote. i saved about 30% of my nautilus policy
I would warn any one Using youi to read their policy very very carefully. I was with them only to find out you are not covered if damage is caused by wind! Go figure that one its a sail boat!!!! Also no cover if racing (even tho we elected racing cover) this is apparently only for informal racing!!!
I am also insured with Pantaenius ( www.pantaenius.com/au-en/) easy and helpful and stress free, They were more than happy with racing insurance and with none of sill restrictions that some have for distance from land or distance sailed.
Altho still have the "off the beach" cat insured with QBE
Thanks for all the advice guys.
What a difference between companies! I'm not just talking about price either.
Aside from limits on how much (as in dollar value) they will cover, maximum size of vessel, etc etc, some companies want an out of water survey done before they will insure it. That's fair enough, but the shipyard needs to see the yacht is insured before they will lift it. Guess what? Some insurance companies won't provide a cover note so you can get it on the slip to get the survey done. Talk about a catch 22.
Anyhow, I've managed to get it sorted in the short term.
Thanks again!
The principal consideration with any insurance is what happens when you claim. Coverage, conditions, premium etc are important but the reason you get insurance is to transfer your risk to the insurer. If they don't pay up, and a helluva lot won't in lots of circumstances, the insurance is pointless.
The best way to reduce this risk is insure with the companies with a reputation to lose.
The trouble for many of us is these businesses often don't insure yachts on moorings.
I questioned all the major insurers about a hypothetical claim for my mast going over the side in bad weather. All three said if I hadn't hit anything they would put it down to wear and tear and not pay. If it ever happens to me I'll swear I hit a whale, submerged container or Noah's ark.
