Adequate Coverage
The three most important words about insurance are
check, check and check. Whatever you are doing in
these days of litigation you must make sure that you
are covered in case of accidents. Most sailing clubs
now insist on boats being insured against third party
claims up to £3 million. This sounds as if it
could be expensive but it is usually included as part
of normal boat insurance.
Where to look
There are a number of insurance companies who specialise
in marine insurance and they can be found in the classified
ads section of the yachting and boating press. Talk
over your needs with them and shop around. You may
find it better to talk to a local Insurance Broker
but remember they work on a commission basis and this
could affect the cost of your policy.
Specialist insurers like Bishop
Skinner, St
Margaret’s and Nautical
are very good and they have a vast amount of sailing
and boating experience to call on and will probably
give best value for money. Make sure you are not paying
for something you do not need such as sailing in tidal
waters or anything else that increases the risk factor.
Make sure that your insurer knows that your boat is
in a locked compound on a trailer with wheel lock
when not actually on the water The amount of excess
you are prepared to pay can also affect your premium.
Ask; it may be that if you have a number of boats
that you could negotiate a block insurance attracting
a discount.
<< back to "How
To..."
|
