March 13, 2023
If your passion is a vessel with a sail, we can cover most vessels from a small sailing dinghy up to an ocean cruising yacht. If you prefer the gentle chug of an engine, we can cover most vessels from a little river cruiser up to a powerful motor cruiser in the Mediterranean.
We work with Topsail Marine as one of our specialized Marine Insurer’s who are “A” rated.
Your policy will be issued on an agreed value basis, so in the event of a total loss claim on a Comprehensive policy you will be paid out what you insured the vessel for.
Cover is available for most international flags.
What typically does a Comprehensive Boat Insurance Policy cover?
Fire
Theft
Accidental damage
Vandalism
Lightening
Single handed cover
Agreed value basis (in the event of a loss you will be paid out what you insured the vessel for)
Optional covers for water skiing and towing of recreational toys.
Is Third Party damage covered?
Yes, a comprehensive policy includes liability cover as standard. In most cases, we can also arrange Third Party Only policies too.
What is Third Party Only Insurance?
Third Party Only Boat Insurance is a type of boat insurance that solely protects against potential liabilities that could arise as a result of you owning a boat. When you own a boat, you still have a responsibility to other people. They can be friends or family on board, others that you may cause injury to, or property owned by other people – including other boats that are on the water.
Sometimes this type of cover is also known as Basic Boat Liability or Marine Liability Insurance.
Is Third Party Only Boat Insurance easier to obtain that Comprehensive Cover?
The simple answer is yes. One of the main reasons that people purchase Third Party Only insurance is that it is normally available without the requirement to have an existing or new boat survey carried out on your vessel. Some people regard this as an unnecessary and needless expense especially when they’re boating on a budget or own an older vessel.