Hi,

I am having trouble finding third party boat insurance for my old yacht.

Can anyone recommend a company that insures boats over 20 years old.

Thanks

stonedpirate said...

Hi,

I am having trouble finding third party boat insurance for my old yacht.

Can anyone recommend a company that insures boats over 20 years old.

Thanks

If you are over 50 try Apia. Search the thread on insurance down the page a bit.

Suncorp does third party/public liability for a bit under $100/annum.

How would you go about insuring a $21k yacht on a swing mooring. Should I insure the lot or just get third party?
Also the broker is recommending nautilus?! thoughts?

Rly appreciate your help.

Do not use Trident. I was insured with them for years and had never made a claim. One year they went very strange, did not want to renew my insurance, refused to take my 'phone calls to explain why, never responded to emails, etc. Try Nautilus in Perth - they seem honest and helpful and were very happy to take over my insurance after Trident. I've been with them several years (and still I have never made a claim).

It would appear they are throwing the baby out with the flood water. Spoke to nautilus yesterday and they say that while I am covered at the moment,six weeks before my renewal is due I will get a letter that they don't insure swing moorings anymore.marina or for and aft mooring no problem.did they not see all the yachts proceeding to sea with the flood waters earlier this year secured for and aft to the marina pontoon they were tied to or smashed in the car park of the marina? My boat is currently moored in pittwater at the end of a protected inlet.hopefully someone will think this through.

NRMA are worth a try, my Top Hat is with them and it's about $500 per year comprehensive without race cover, but we don't race. Apparently, according to the person on the phone, it does cover my rig, which is less than 12 months old.

When I took out the cover, they wanted an on water survey only. I too am moored in Pittwater, which has thousands of boats on swing moorings, seems strange an insurance company is going to wipe out the majority of their market........

I'm with NRMA also Michael, no problems so far, but then I have all my insurance with them. Time will tell.

If this problem gets any worse the marinas better get together and get the problem sorted or they will go out of business, especially those ones relying on cruising yachts for their cream!

Fiesta said..

This insurance issue has the potential to really change non professional sailing. I think there is potential niche market for an insurer, for yachts on swing mooring where the necessary risk reductions are in place - i.e evidence of mooring services and robust deck cleats confirmed via survey etc. Its not that hard to have sensible checks for deck cleats, moorings etc, reduce the risk and provide coverage.

The issue here is all the old bangers on moorings that are rarely sailed and have zero maintenance or serviced moorings - increasing everyones risk.

Not really.
The old mooring minders are probably not insured at all. I have seen a mooring failed only a few weeks of being "professionally" serviced!