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Old 20 April 2010, 04:36   #1
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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?
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Old 20 April 2010, 04:48   #2
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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?

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Old 20 April 2010, 04:58   #3
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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
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Old 20 April 2010, 05:07   #4
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For ribs around the 6m mark all my quotes were around 300 mark. If this is any use.
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Old 20 April 2010, 05:37   #5
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Just done mine under 350.00 with extended cruising limits
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Old 20 April 2010, 06:44   #6
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Yep, another around 300.

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Old 20 April 2010, 07:02   #7
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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 ?
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Old 20 April 2010, 07:16   #8
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Wow Thats alot!!! Is there a threat of Invasion ???
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Old 20 April 2010, 10:46   #9
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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....
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Old 20 April 2010, 12:52   #10
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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.
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Old 20 April 2010, 17:32   #11
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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....
Aye, there ain't much to mince around here except for squid and the odd penguin.
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Old 20 April 2010, 17:38   #12
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thats A LOT!!!

we have just done ours on a 9 meter and its 315 for the year on basis being used all year on marina berth on south coast.......

i know its expensive down there but jesus! thats a lot!!!!

out of interest, whats its costing you to ship it down there? assume on the military ship from Marchwood??

on the plus side, you dont have to worry about ash damage!!
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Old 20 April 2010, 17:39   #13
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Aye, there ain't much to mince around here except for squid and the odd penguin.
ahh that could explain it - imagine the compensation claim if the tree huggers find out you minced pingu.
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Old 20 April 2010, 17:42   #14
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Aye, there ain't much to mince around here except for squid and the odd penguin.
Stop picking on penguins. They aren't mincing, they walk like that all the time.
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Old 20 April 2010, 18:00   #15
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Stop picking on penguins. They aren't mincing, they walk like that all the time.


Freight ... waiting for a few weeks for that to be confirmed, but likely to be about 5000. Yes, ouch...
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Old 20 April 2010, 18:03   #16
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ouch!!!!!

make sure they look after if for that money!!
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Old 17 May 2010, 14:13   #17
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Porthcawl require 295 to insure the Vipermax with an insured value of 30k.
195 for the Searider, insured value 3k.
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Old 17 May 2010, 14:22   #18
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195 for the Searider, insured value 3k.
Under a certain amount (about 15k ono) the premiums stop getting much cheaper. It's the Personal Injury bit - doesn't matter how valuble the prop that cuts yer arm off is...
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Old 17 May 2010, 14:25   #19
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Under a certain amount (about 15k ono) the premiums stop getting much cheaper. It's the Personal Injury bit - doesn't matter how valuble the prop that cuts yer arm off is...
I know the mechanics of it, Pop's was in the insurance game for 40yrs. It does feel a lump of dough for a toy boat though.
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Old 17 May 2010, 14:35   #20
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It does feel a lump of dough for a toy boat though.
Yer goin' to hell for that one
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