Insurance: Short term Insurance

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Short term Insurance

Printed From: Yachts and Yachting Online
Category: General
Forum Name: Insurance
Forum Discription: Questions and answers related to this topic
URL: http://www.yachtsandyachting.com/forum/forum_posts.asp?TID=6195
Printed Date: 26 Jun 25 at 10:14pm
Software Version: Web Wiz Forums 9.665y - http://www.webwizforums.com

Topic: Short term Insurance

Posted By: Wee Man
Subject: Short term Insurance
Date Posted: 02 Dec 09 at 11:41am

I'm borrowing a Fireball (old one) for a Frostbite series next January / February, I need to insure it just for a couple of months, any advice on best deal I'm likely to get?

Replies:

Posted By: Merlinboy
Date Posted: 02 Dec 09 at 12:31pm

Just ring up your current insurers and ask them, you may find they can run a policy along side your exsisting policy.

Posted By: Wee Man
Date Posted: 02 Dec 09 at 12:45pm

Yeah I thought about that, as our other boat is off the water at this time and is worth considerably more than the Fireball. Will give them a call.

Posted By: jeffers
Date Posted: 02 Dec 09 at 1:59pm

The issue seems to be that it is not what the boat is worth but :

1) How expensive is it to fix

2) How likely is it to break

3) How much damage can it do to another boat

So you may find that an old boat is still quite expensive to insure....

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Paul
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D-Zero GBR 74

Posted By: charlie1019
Date Posted: 02 Dec 09 at 8:38pm

Originally posted by jeffers

1) How expensive is it to fix

2) How likely is it to break

So you may find that an old boat is still quite expensive to insure....

If your confident it won't break (i.e. isn't delicate) or that any repairs are relatively cheap (if a carbon mast is one to think about!), you can always insure it third party for about £35 with Nobel.

Posted By: Jamesd
Date Posted: 03 Dec 09 at 9:11am

Wee Man, let us know how you resolved this, i would be very interested

Posted By: winging it
Date Posted: 04 Dec 09 at 12:20pm

When I took another boat to Canada last year Nobles transferred the insurance from my own boat to the one I would be using for the regatta, given that mine would be off the water and not in use while I was away. The insurance was then automatically transferred back when I got home. Full racing cover, no worries at all.

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the same, but different...