Insurance

[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

[Poly]

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.

[Richard B]

Originally Posted by Polwart

do a search there are dozens of threads.

There certainly are!

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

[Yuley]

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.

[wavecrosschris]

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

[Richard B]

Originally Posted by Yuley

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

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.

[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.

[havener]

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.

[MikeCC]

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.

[ian parkes]

Originally Posted by MikeCC

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 .

[benc]

I think im going with mardon...

they offer water skiing and towing toys cover, they'll insure faster craft too.

I think the cost is £404 for the above cover, £300 excess (£500 for skiing).. total package is insured for £33,000.

I was going to renew with noble - but the cost grew exponentially with my new engines! twin 115s was £468 for a year, and about £750 for the 150's!