| If you have a boat, you need to make sure
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| | able to provide.
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| you have the right insurance for it.
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| | Which Insurance Company to Choose
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| In order to find the best boat insurance
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| | You should always choose a familiar and
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| policy you need to determine the type of
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| | reputable insurance company which
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| boat you own and what you plan on using
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| | specifically caters for boat insurance.
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| it for. The type of boat and its age will
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| | Many regular high street insurers are
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| all affect the cost.
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| | able to offer boat insurance, but may not
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| Insurance for your boat is similar to
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| | have the expertise to offer the best
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| that for your car. There is not only
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| | advice. Whatever country you're based in,
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| cover for the boat, but also for
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| | it is best to choose an insurance company
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| passengers, damage to other boats and
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| | in that country so that any problems will
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| damage to property.
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| | be dealt with under the law of your own
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| Policy Types
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| | country.
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| Third Party Liability covers boat owners
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| | Making a Claim
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| for any damage they are not liable for,
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| | Submit your claim as soon as possible
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| such as other vessels or property. It
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| | after an accident. Any incidences of
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| will also cover injuries to others
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| | theft or criminal damage should be
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| including loss of life.
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| | reported to the police. For your claim
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| Comprehensive Cover usually covers all
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| | form you'll also need the Crime Reference
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| accidental damage, fire, theft and
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| | Number.
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| vandalism but is subject to policy
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| | Usually, you'll be asked to get at least
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| conditions.
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| | one quotation in writing for the repairs
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| With New For Old Cover, anything that's
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| | or replacement. Often you'll need two if
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| damaged will be replaced with brand new
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| | the claim is over a certain value. Before
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| goods. However, there is often a clause
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| | allowing repairs or a replacement, your
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| on the age limit where the broker will
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| | insurance company might send an inspector
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| rather pay the market value of the item.
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| | or loss adjuster to make an assessment of
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| Racing Risks Cover is for those wishing
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| | the damages.
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| to enter their boat in races. In
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| | Surveys
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| competitions, boats travelling at higher
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| | Most insurance companies will require a
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| speeds means a greater risk of damage.
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| | survey for any boat aged 20 years old or
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| Laid Up Period - If your boat is to be
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| | more, and again after every five years.
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| laid up ashore for any period of time,
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| | Some boats may require a survey earlier
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| you need to make sure that your policy
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| | than this if they have sustained serious
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| covers this.
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| | damage, if they are wooden or if they
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| Homeowner's Policy
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| | have been self-built.
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| It's possible to have a boat insured
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| | Legal Protection
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| under your home insurance policy, but
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| | For an additional premium, some insurance
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| this will rarely cover specific risks
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| | policies can be extended to include legal
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| such as running aground or wreck removal.
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| | representation if your boat is involved
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| Commercial Cover
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| | in accident resulting in you suffering
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| If you intend to use the boat for
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| | financial loss or injury.
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| commercial purposes, for charter or even
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| | None of us can predict when or where an
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| informal client entertainment, most
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| | accident may occur. However careful or
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| insurance companies will class this as
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| | experienced you may be it's vital to
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| commercial use and the cover will
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| | insure your boat. Speak to fellow sailors
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| probably be more expensive. Always check
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| | and do plenty of research on the web. The
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| with your broker to make sure that you
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| | right boat insurance gives you peace of
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| are covered.
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| | mind which is invaluable.
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| Going Abroad
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| | regularly publishes boating articles and
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| It is important to check the territorial
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| | marine news. If you're a private seller,
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| limits of any boat cover before
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| | boat broker or dealer, you can sell your
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| undertaking a trip abroad. Many European
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| | boats on or if you're looking for a boat,
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| countries will ask for evidence of
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| | checkout their worldwide listings of
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| insurance cover and may require a
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| | boats for sale and charter.
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| translation which your insurer should be
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