Reply
 
Thread Tools Search this Thread
 
Old 20 April 2010, 05:36   #1
Member
 
Country: Other
Town: Stanley, Falkland Is
Boat name: Seawolf
Make: Osprey Vipermax 5.8
Length: 5m +
Engine: Etec 150
Join Date: Mar 2006
Posts: 3,688
Insurance premiums

What would you expect to pay in the UK for third party liability and hull insurance on a 25k RIB?

I have just made some enquiries and while there isn't really much of a boat insurance market, the indication was about 2500 for a year. Which for 50 hours a year is, oh, about a pound a minute - no bloody chance!

I'd be expecting a premium in the low hundreds, what does anybody with a similar sized boat pay for pleasure use?
__________________

__________________
A Boat is a hole in the water, surrounded by fibreglass, into which you throw money...

Sent from my Computer, using a keyboard and mouse
BogMonster is offline   Reply With Quote
Old 20 April 2010, 05:48   #2
Boo
Member
 
Country: UK - Scotland
Town: West Coast/Clyde
Boat name: Cameo
Make: Redbay Wrapround
Length: 6m +
Engine: Suzuki 200hp
Join Date: Jan 2010
Posts: 16
I am around 300 for a 40K boat/trailer/'engine etc with the standard 3 million liability cover.

I know I had to get permissions extended to travel further than 12 miles from a safe haven but am essentially insured for pleasure use in British and Irish coastal waters.

I would think your quotation must be taking into account where you will use the boat?

Boo
__________________

__________________
Boo is offline   Reply With Quote
Old 20 April 2010, 05:58   #3
Member
 
Country: Other
Town: Stanley, Falkland Is
Boat name: Seawolf
Make: Osprey Vipermax 5.8
Length: 5m +
Engine: Etec 150
Join Date: Mar 2006
Posts: 3,688
Quote:
Originally Posted by Boo View Post
I would think your quotation must be taking into account where you will use the boat?
You would hope so; a completely deserted launching slip, and nothing and nobody to run into on the vast majority of voyages but it doesn't seem to work like that

That is the sort of figure I was expecting and in line with a couple of the online quote functions on websites.

Thanks, any other figures from other people as well please, more ammunition
__________________
A Boat is a hole in the water, surrounded by fibreglass, into which you throw money...

Sent from my Computer, using a keyboard and mouse
BogMonster is offline   Reply With Quote
Old 20 April 2010, 06:07   #4
Member
 
camtheribman's Avatar
 
Country: UK - Scotland
Town: fife
Boat name: top dog
Make: avon searider
Length: 4m +
Engine: yamaha 40
Join Date: Jun 2009
Posts: 282
Send a message via MSN to camtheribman
For ribs around the 6m mark all my quotes were around 300 mark. If this is any use.
__________________
Yawn :O
camtheribman is offline   Reply With Quote
Old 20 April 2010, 06:37   #5
RIBnet supporter
 
bedajim's Avatar
 
Country: UK - England
Town: Cambs/Northants
Length: no boat
Join Date: May 2006
Posts: 2,499
Just done mine under 350.00 with extended cruising limits
__________________
bedajim is offline   Reply With Quote
Old 20 April 2010, 07:44   #6
Member
 
Nasher's Avatar
 
Country: Other
Town: Principalite d'Chaos
Boat name: The Nashers Revenge!
Make: Ocean & Bombard
Length: 6m +
Engine: Suzi DT200EFI, DT9.9
MMSI: "Mmmmm SI" she said!
Join Date: Jan 2004
Posts: 4,147
Yep, another around 300.

Nasher.
__________________
RIBBED For extra pleasure.
Member of the ebay Blue RIB cover club.
Member of the Bombard 380 Aerotec club
Nasher is offline   Reply With Quote
Old 20 April 2010, 08:02   #7
Member
 
Country: UK - England
Town: Dorset & Hants
Boat name: Streaker/Orange
Make: Avon/Ribcraft
Length: 4m +
Engine: 50Yam/25 Mariner
Join Date: Apr 2007
Posts: 5,551
Yep around 300-400 for a UK based boat - but playing devils advocate .....

Based several thousand miles away in a 'remote' (from the majority of suppliers etc ) there is far higher risk of not getting a freindly RNLI crew to tow you in should something go wrong- so the whole boat gets lost, and the potential 'big' extra cost to get 'bits' out to you or a local repairer should the need arise for repairs.

So I'd expect you would pay more than us handy UK boats - but agree 2500 seems rather steep.

Get on the phone to some specialists and explain & see what they say ?
__________________
PeterM is offline   Reply With Quote
Old 20 April 2010, 08:16   #8
Member
 
ashbypower's Avatar
 
Country: UK - England
Town: Salisbury/Poole
Boat name: Blue C
Make: XS 600
Length: 6m +
Engine: 125hp Opti
MMSI: 235082826/235909566
Join Date: Jan 2004
Posts: 1,439
Wow Thats alot!!! Is there a threat of Invasion ???
__________________
Brian C
Harbour Sea School & APS Marine Centre
ashbypower is offline   Reply With Quote
Old 20 April 2010, 11:46   #9
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: 2 stroke YAM 20 HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 10,112
Quote:
Originally Posted by PeterM View Post
Yep around 300-400 for a UK based boat - but playing devils advocate .....

Based several thousand miles away in a 'remote' (from the majority of suppliers etc ) there is far higher risk of not getting a freindly RNLI crew to tow you in should something go wrong- so the whole boat gets lost, and the potential 'big' extra cost to get 'bits' out to you or a local repairer should the need arise for repairs.

So I'd expect you would pay more than us handy UK boats - but agree 2500 seems rather steep.

Get on the phone to some specialists and explain & see what they say ?
aye, but the risk of theft must be pretty low (where are they going to take it. And given that my much cheaper boat isn't that much cheaper to insure - i.e. a 4k boat is about 100-150 a year then a big chunk of the 'risk' must be the perceived 3rd party risk. In a smallish RIB I would say that is probably mincing someone in the water or sinking a yachty - surely its much less likely that this happens in the middle of the ocean than the solent....
__________________
Poly is offline   Reply With Quote
Old 20 April 2010, 13:52   #10
Member
 
Country: UK - England
Town: Near Godalming
Boat name: AJA
Make: Ribeye
Length: 6m +
Engine: Yamaha F150AETX
Join Date: May 2009
Posts: 558
My insurance is around 300 a year for a similarly insured sum. Porthcawl Insurance was who I used:

http://www.porthcawl-insurance.co.uk

I have no connection to this company - but they seem proficient in all that they do.
__________________

__________________
neilda is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 10:20.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.