Originally Posted by Hightower
Just a question and please don't shoot me down but... If it's not going to be nicked and you're not going to run in to any other boats, why do you want specific boat insurance? Is it for total loss or damage at sea or just 3rd party cover that you're after?
'Just in case' but the main risks would be
- Fire or some other total loss at sea, low risk but it's a lot of money if it happens...
- Catastrophic trailer or towing failure dumping it on the road
Zero risk of theft - at my old house in town, it sat on its trailer with the keys in it, no hitch lock, no trailer security, would be no likelihood of anybody nicking it. I don't even know what an engine lock looks like! Though some kind soul did loosen the wheelnuts on the trailer once.
I'm only after hull insurance to cover the above, not bothered about 3P really, nobody to run in to, I don't make a habit of carrying non-family passengers anyway. Given I've done 90hrs in 3 years and paid about £3000 in insurance premiums, the insurance costs more than the fuel which is silly...
Yacht insurance seems to be no problem here but nobody is interested in powerboats.
Thanks for the tips I'll follow a couple of them up and see where I go
Failing that I think I'll just self-insure and pocket the money, and if it happens it happens.