Porthcawl insurance - Page 2

chewy · 14 May 2009, 14:07

You get a new customer discount.
I keep swapping between Elepahant and Admiral who are both the same company. By swapping I get a new customer discount each year and stay within the same company.

Nos4r2 · 14 May 2009, 14:18

I wouldn't buy a Ribeye myself but I don't have any beef with them. I'm NOT insured with Porthcawl and even though I've currently got £15,000 burning a hole in my pocket I'm not changing my boat because quite frankly my Searider is wonderful.

Mollers · 14 May 2009, 14:41

Quote:

Originally Posted by Nos4r2

I wouldn't buy a Ribeye myself but I don't have any beef with them. I'm NOT insured with Porthcawl and even though I've currently got £15,000 burning a hole in my pocket I'm not changing my boat because quite frankly my Searider is wonderful.

Anything else that you might like to spend your £15k on?

A nice Autosleeper Topaz VW 2.5TDI camper perhaps?

chewy · 14 May 2009, 14:42

He could buy ten SR4's!

Nos4r2 · 14 May 2009, 15:07

Quote:

Originally Posted by Mollers

Anything else that you might like to spend your £15k on?

A nice Autosleeper Topaz VW 2.5TDI camper perhaps?

Nope!
I have so many things with motors I don't have time to use them all let alone to justify adding to them and I'm too attached to most of them to ever get rid.

To be honest, I can't even justify buying a new engine for the Searider at the mo as I trust the one I've got.A 2nd hand Yam 90 would be no improvement and may even be a step backwards as it'd be an unknown quantity and all the current new offerings are big lardy lumps that'd upset the rather nice balance of the boat.

</offtopic>

JSP · 14 May 2009, 15:16

Quote:

Originally Posted by Nos4r2

I wouldn't buy a Ribeye myself but I don't have any beef with them. I'm NOT insured with Porthcawl and even though I've currently got £15,000 burning a hole in my pocket I'm not changing my boat because quite frankly my Searider is wonderful.

Alright Matt oh buddy oh pal of mine. I've always said your the best person on here, in fact you are the man!

Lend us a grand

JSP · 14 May 2009, 15:20

Seriously though Richard has a point regarding NU. As soon as I can I'm going to check my policy.

codprawn · 14 May 2009, 15:51

My main concern - which I have mentioned before - is what happens if your engine is stolen or falls off? Most insurance companies seem to go by some trade price guide. It doesn't take into account engine condition or usage.

I would prob only get about £1500 for my engine - where am I going to find a similar engine for that sort of money? One sold on ebay for £5000 the other day and it was the older model than mine!!!

Unless you have a brand new engine it could cause serious problems - anyone know anything about this?

Mollers · 14 May 2009, 17:00

Quote:

Originally Posted by codprawn

My main concern - which I have mentioned before - is what happens if your engine is stolen or falls off? Most insurance companies seem to go by some trade price guide. It doesn't take into account engine condition or usage.

I would prob only get about £1500 for my engine - where am I going to find a similar engine for that sort of money? One sold on ebay for £5000 the other day and it was the older model than mine!!!

Unless you have a brand new engine it could cause serious problems - anyone know anything about this?

I had a such conversations with insurance companies. They grossly under value less than new outboards.

tinker · 14 May 2009, 17:48

You could tell them to keep the money and ask them to supply the identical replacement engine they can get for £1500.

neil.mccrirrick · 14 May 2009, 18:24

Didn't insurance companies have a spate of that, replacing the items and not providing the cash? Seems like a good idea to me

Lundy Osprey · 14 May 2009, 20:38

With Porthcawl but will probably change. 6.2m with a 90hp 2 stroke on the back. £230 ish for a rewnewal. Followed the advice Maximus gave and tried a quote from Craftinsure and it was just over £150.
Out of interest asked for a quote from Saga, £350+.
So is that because the policy from Saga is brilliant, Porthcawl is good and Craftinsure is poor or is it because it is a bloody minefield and without being an insurance expert we maybe don't know what we get for our money until something goes wrong.

Kernow Buoy · 14 May 2009, 21:00

Quote:

Originally Posted by chewy

You get a new customer discount.
I keep swapping between Elepahant and Admiral who are both the same company. By swapping I get a new customer discount each year and stay within the same company.

New customer discount sure....

but not £600's worth! or almost 50% of the premium.

chewy · 14 May 2009, 21:03

Are you insured with NU or are NU acting as a broker. If its the latter than it makes quite a bit of difference.

cgf10 · 14 May 2009, 21:19

I've just bought a Rib after a break of some years. I shopped around with four companies and Porthcawl (Steve) were the most reasonable. For once I took some time to compare policys, not under a microscope but fairly closely. I couldn't see much difference.

The reason Porthcawl were on my list of brokers to call was I had a rib stolen around 6/7 years ago. After submitting a claim form with PC's help an inspector visted the boatyard to see the remains of my two wheel clamps and hitch lock (they REALLY wanted my 5m rib !)and I was paid out within two weeks. Steve was as helpful and knowledgable then as he is now.

I opted for inshore cruising only. Cross channel and offshore could be added on a trip by trip basis which I'd imagine would be good for 90% of leisure ribbers.

Poly · 14 May 2009, 21:45

Quote:

Originally Posted by Richard B

Who's underwriting these policies? I hope for your sakes it isn't Aviva.

Richard - I must be being slow (nothing new there) - but what's your point? Your later rant seemed to suggest it was a problem with the policy detail, but as I understand it this is only a concern for the small number of RIB owners going cross channel, and for those of us with more conservative ambitions who are happy with our policy wording have nothing to worry about?

You made some indirect, vague comments about a claim that was difficult to get paid. I assume we are to infer it was underwritten by N.U. - do you really believe that there is any insurer with a flawless record in paying claims?

So on this basis is suggesting a mistrust in Aviva/NU without providing reasons any different from those you complain about who criticise Ribeye without justification?

codprawn · 14 May 2009, 21:49

Despite my gipe about the way engines are priced I am NOT attacking Porthcawl - they are great - it's the insurance companies themselves to blame!!!

JSP · 15 May 2009, 13:03

Just had a quick scan through, and it was a quick scan. Think mines underwritten by Lloyd's?

jambo · 15 May 2009, 13:37

As I have said on this thread before

I have tried porthcawl before to no avail. I have over the last day tried 5 insurers and not one can match Euromarine some in fact did not want cover me:shurg:
As someone said before it maybe the location I dont know.

J

SOLENTER · 15 May 2009, 21:38

Have you tried Velos