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Old 30 August 2006, 15:54   #1
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Insurance

Hi,

I'm getting my first rib in the next 2 weeks. It's a Yamaha 480 and a brand new 50hp Honda 4 stroke in total costing me 8000.
Anyone know of the cheapest insurance company? On the internet I got an online quote from noblemarine of 280. Does that sound reasonable?

cheers

Martin
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Old 30 August 2006, 15:58   #2
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Originally Posted by martx007
Hi,

I'm getting my first rib in the next 2 weeks. It's a Yamaha 480 and a brand new 50hp Honda 4 stroke in total costing me 8000.
Anyone know of the cheapest insurance company? On the internet I got an online quote from noblemarine of 280. Does that sound reasonable?

cheers

Martin
do a search there are dozens of threads. many people here with porthcawl - but read richardB's recent post (in an insurance thread) about excesses on their policies. I chose not to go with nobel last year as I think they wouldn't cover towing toys/skiers. My premium is less than 200, but value is 1/2 yours, and engine half the size.
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Old 30 August 2006, 18:40   #3
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do a search there are dozens of threads.
There certainly are!
Quote:
Originally Posted by Polwart
many people here with porthcawl - but read richardB's recent post (in an insurance thread) about excesses on their policies....
Was Jeff Pike who first voiced this issue, here:
http://rib.net/forum/showthread.php?...ghlight=EXCESS
It's worth comparing a few policies - they will send you T&Cs with a quote. I've stayed with Curtis Marine for the fourth year now as for me, they give the best combination of cover and value for money. If I could find the renewal letter I'd tell you how much, but I don't think it's much more than 280 for a RIB valued at about 18,000 with UK coastal, offshore and and Europen cover, and safety boat use.

Found it... 298.96 www.curtismarine.co.uk
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Old 31 August 2006, 07:02   #4
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I use the following online only insurer.

Premiums can be paid annualy or monthly.

Excellent cover and quick quote available.

http://www.craftinsure.com/index.html

After my first year (1 yrs no claims bonus) premium nearly halved.

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Old 31 August 2006, 07:43   #5
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My setup has a similar insured value to yours apart from I have a few more hp - I am 24 and insured with St.Margarets for 250 but this does not include towing skiers.

08707572555
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Old 31 August 2006, 09:11   #6
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I think yours and my definition of "excellent cover" is divergent to say the least!

Be aware that there are some quite limiting conditions on Craftinsure's policies as follows:
- The boat will be used for private and pleasure purposes only.
So no safety boat cover

- Whilst in use the boat will be in the control of an experienced person aged 20 years or over.
Watch out if you have teenage kids!

- The boats design speed does not exceed 50 mph.
43kts max so this policy is only suitable for small boats.

- The boat will be ashore in transit or afloat on inland & coastal waters of United Kingdom & Ireland, and may be used for 30 days in Europe.
So cover for inland and coastal and inland waters only... more than 12 miles offshore and you're not covered.

And look out for the underwater gear excess - doubled on this policy.

Sorry mate but I think that's very poor cover.
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Old 31 August 2006, 11:57   #7
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I got my insurance through Bishop and Skinner, 280 for 8000 cover.

If your a RYA member or RNLI Member then you get a discount. They also take in account your previous experience and qualifications.
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Old 31 August 2006, 12:59   #8
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Originally Posted by bobbyjoeufb
I got my insurance through Bishop and Skinner, 280 for 8000 cover.

If your a RYA member or RNLI Member then you get a discount. They also take in account your previous experience and qualifications.
Would second that, although Navigators & General (now part of Zurich) might be worth a try.
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Old 31 August 2006, 15:19   #9
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I'll get in first with a recommendation for Porthcawl Insurance.

Sensible cover at sensible rates. As with any insurer, check that the poilicy terms suit what you want to do eg offshore, skiing, toys etc.
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Old 31 August 2006, 16:54   #10
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I'll get in first with a recommendation for Porthcawl Insurance.

Sensible cover at sensible rates. As with any insurer, check that the poilicy terms suit what you want to do eg offshore, skiing, toys etc.
Ill second that very personal service and the best quote I could find .

I just insured my new boat a 4.9 valiant with 70 hp and it only cost 75 more than the 20hp Honda SIB i had before and that included a upgrade for water toys and skiing . and the new boat is twice the value .
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