NSW
20 posts
So, I'm finally at the pointy end of getting my first keel boat and I'd like your input on insurance.
I'm wanting fully comprehensive on $23,500.00 in NSW and I've got 5 quotes ranging from over $2,000pa, two at around $1,300pa, and two that won't insure because 1) I live too far away from the mooring or 2) It's a swing mooring and not in a marina.
Am I being ripped off, or is $1,300 in the 'ball park' for a 10m long vessel?
Cheers
A future keel boater
NSW
1314 posts
$1300 is in the ballpark of what I'm paying for my 32 ft fisher in sydney.
VIC
622 posts
Ballpark.
Note it's not about the value of the vessel. Have a look at the other threads where costs for recovery are quoted. Cost of re-float and removal is probably way more than 23K.
435 posts
I pay around that for a moored 9m boat in Melb via Racv. Be careful of ones that require a survey 'within 3 years of a claim'.
RaCV have so far only required a survey at the start.
NSW
1216 posts
There is a list of marine insurers you can get quotes from here:
www.boatinsure.au
NSW
1314 posts
Also bear in mind that most of the insurance companies require a survey and mandatory rig replacement every ten years and now appear to be enforcing these requirements😒. These can set you back 10 to 12 grand.
