Buying boat insurance tips from Towergate Insurance

To keep your investment afloat, specialist boat insurer, Towergate Insurance is providing some useful tips to help you buy the cover that's right for you. The summer months often make owning a boat a much more attractive thought so it's no surprise that sales increase whilst the sun is out. For most people buying a boat is a significant financial investment so it's important that boat owners have the right protection in place.

Towergate has put together some useful tips on buying cover, not only for first-time boat owners but for those also looking to renew their policy.

1. Be prepared - If towing your boat to its mooring location, insure before you go.

2. Which type of policy – Ensure you cover your boat in the event of fire, theft, vandalism and accidental damage. If your boat or equipment is damaged, you'll be offered a replacement equal to the current market value. It also covers legal liability for third party claims

3. Sailing limits - If planning to sail to sunnier climes, know your policy's cruising range. Standard cover includes inland and coastal waters of the United Kingdom, so if you're sailing outside this area, you'll need to extend your limits.

4. Seasonal cover - Some policies only provide cover for certain times of the year and stipulate that your boat should be secured ashore during certain periods. Check your policy limitations – if you're at sea when you should be ashore you might not be covered.

5. Boat management - Most policies offer flexibility, allowing anyone to sail your boat with your permission. However, some stipulate that your cover is invalid if you charter your craft, so if you're planning to do this, find out what's acceptable.

6. Making a claim – A hassle-free claims' process is crucial, so find out how you would have to submit a claim; online, over the phone or via the post? Ask how long it takes to process claims and if it's a UK-based in-house team or contracted-out to a third-party? Is there one point of contact and are inspections required before claims are paid?

7. Be in the know- If you're a new boat owner, you'll need training. Reputable insurers expect you to show you've reached a certain level of competence, either gained through years of experience or following completion of a RYA course.

8. Location and equipment - If, after you've bought your policy, you change the mooring location or buy more equipment, let your insurer know - otherwise it could affect any claim you make.

For insurance information visit our specialist boat insurance page or call 0800 515629 or 01743 284664.