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Old 23 January 2007, 20:26   #1
Country: Other
Town: Oakley
Boat name: Zerstörer
Make: Ribcraft
Length: 5m +
Engine: Suzuki DF 140
MMSI: 235050131
Join Date: Jun 2003
Posts: 3,931
Boat Insurance Cover

Does anyone know that if you capsize your RIB whether an insurance company will cover the cost of refurbishing the RIB and reinstating the engine ?

Biggles is offline   Reply With Quote
Old 23 January 2007, 20:40   #2
Country: Canada
Town: Tobermory, Canada eh
Boat name: Verius
Make: Zodiac Hurricane 590
Length: 5m +
Engine: Yamaha F150
Join Date: Oct 2006
Posts: 1,351
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I know mine is covered if I roll it off of the trailer, so I would like to think that rolling it in the water should be a "no-brainer"! I suspect that they could pay you the lesser amount of either writing the boat off at it's depreciated value versus the cost of repair.

When I acquired my boat, I argued to the prospective insurers that it was one of a kind (in the used market) and they agreed to a replacement cost policy, at increased premium...

Pump it up and RIDE!
Stoo is offline   Reply With Quote
Old 24 January 2007, 02:07   #3
Country: UK - Wales
Town: Pwllheli-North Wales
Boat name: Delta 1
Make: Delta
Length: 6m +
Engine: Mariner 90hp Optimax
Join Date: Mar 2001
Posts: 2,367
I can talk from experience on this one!

When I flipped one of my old ribs (it was one day old) while playing in the ruff stuff the insurer paid me most of my claim, they invented some high mechanical excess in the small print which came to about £1500.

JG Marine Services Ltd Specialist Safety Boat Services

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Jono Garton is offline   Reply With Quote

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