Forums > Sailing General

Insurance youi 0 : qvb 10

Reply
Created by sirgallivant 7 months ago, 20 Mar 2017
sirgallivant
NSW, 915 posts
20 Mar 2017 5:43PM
Thumbs Up

After re-rigging the tub I felt brave this morning and went for a fresh insurance quote for my boat. Some member mentioned youi as a good alternative to Club Marine with whom l got one presently for $1000 without any extras.
Well...




this is ludicrous! Even by ClubM. standards. $ 5000
excess? $ 1557 premium? No extras.

So l kept on looking once l warmed up and behold, l found QBE with an excellent quote $748 incl. all fees and gst and..., and with extra cover for special items $3000, sporting equipment $3000
and general equipment $5000 with $100 or $500 excess respectively.

My lucky day.
They must have a sale on.
I promise l never ever talk to youi again in my life.

BJRob
NSW, 251 posts
20 Mar 2017 6:29PM
Thumbs Up

Youi was the only company to insure my boat without an out of water survey and it being on a swing mooring. So I had no option!

UncleBob
NSW, 182 posts
20 Mar 2017 7:21PM
Thumbs Up

Select to expand quote
sirgallivant said..
After re-rigging the tub I felt brave this morning and went for a fresh insurance quote for my boat. Some member mentioned youi as a good alternative to Club Marine with whom l got one presently for $1000 without any extras.
Well...




this is ludicrous! Even by ClubM. standards. $ 5000
excess? $ 1557 premium? No extras.

So l kept on looking once l warmed up and behold, l found QBE with an excellent quote $748 incl. all fees and gst and..., and with extra cover for special items $3000, sporting equipment $3000
and general equipment $5000 with $100 or $500 excess respectively.

My lucky day.
They must have a sale on.
I promise l never ever talk to youi again in my life.



This was similar to my experience with youi. And the questions and the chat, they still didn't get to know me.

sirgallivant
NSW, 915 posts
20 Mar 2017 7:30PM
Thumbs Up

They did not care. The dummy could not even get my boat's age right.
QVB insured my boat this arvo, it is swinging, no inspections, veeery good terms. See above.
I never heard of an excess for a 28 footer of $ 5.000.00 (youi)

What did they quote you BJR?

BJRob
NSW, 251 posts
20 Mar 2017 7:37PM
Thumbs Up

Select to expand quote
sirgallivant said..
They did not care. The dummy could not even get my boat's age right.
QVB insured my boat this arvo, it is swinging, no inspections, veeery good terms. See above.
I never heard of an excess for a 28 footer of $ 5.000.00 (youi)

What did they quote you BJR?



I could only get third party. It was $420 from memory.
The problem is the age of the boat. it is 1980. Apparently once it is over 30yrs old they want an out of water survey before they will look at comprehensive. I wasnt about to pay $1,500 for a survey for a $4,500 boat.

dism
NSW, 611 posts
20 Mar 2017 8:31PM
Thumbs Up

BJR - look at Anchorage Marine (QBE underwriters). Swing mooring, 70s boat, 3yr old survey. Comprehensive for approx same as youi 3rd party

Wander66
QLD, 125 posts
20 Mar 2017 9:38PM
Thumbs Up

Select to expand quote
sirgallivant said..
After re-rigging the tub I felt brave this morning and went for a fresh insurance quote for my boat. Some member mentioned youi as a good alternative to Club Marine with whom l got one presently for $1000 without any extras.
Well...




this is ludicrous! Even by ClubM. standards. $ 5000
excess? $ 1557 premium? No extras.

So l kept on looking once l warmed up and behold, l found QBE with an excellent quote $748 incl. all fees and gst and..., and with extra cover for special items $3000, sporting equipment $3000
and general equipment $5000 with $100 or $500 excess respectively.

My lucky day.
They must have a sale on.
I promise l never ever talk to youi again in my life.



Just checked my Youi policy from last year, it was $700 for $45k cover on a 1983 boat on fore and aft mooring in the river. It's due again in May so it will be interesting.

BJRob
NSW, 251 posts
20 Mar 2017 9:49PM
Thumbs Up

Select to expand quote
dism said..
BJR - look at Anchorage Marine (QBE underwriters). Swing mooring, 70s boat, 3yr old survey. Comprehensive for approx same as youi 3rd party


Thanks dism. Will do.

aus005
TAS, 431 posts
21 Mar 2017 6:50AM
Thumbs Up

I believe it has a lot to do with what area in aus you are in some areas loke mine in tassie they give a huge discount to

sirgallivant
NSW, 915 posts
21 Mar 2017 7:31AM
Thumbs Up

Go figure. Drummoyne, 89 boat 42k cover, no extras
youi $1.557.- with $5.000 excess!!!
QVB with 9k extras $747.- $500 excess.

aus005
TAS, 431 posts
21 Mar 2017 10:16AM
Thumbs Up

Cav 37 1985/1986
rigging and hull cover total $89000.00 $1000.00 excess no cover for contents or extras although the tender is covered and its outboard.
premium youi $676.52 on swing mooring

twodogs1969
NSW, 645 posts
21 Mar 2017 10:52AM
Thumbs Up

Just paid mine
86 model
$60000
$500 excess
Social non spinnaker racing
Swing mooring
$1117
Club marine mine is also a little higher as had a major claim 2 years ago. When another boat hit mine in a storm. Classed as no fault accident so effects both no claim.
One thing I can say is the claim process was easy with club marine and no problems with payout.

Yara
NSW, 657 posts
21 Mar 2017 12:55PM
Thumbs Up

You find out how good an insurance company is when you have a claim, not when you pay the premium. My experience with QBE travel insurance was they dodged payment of what I considered a legitimate claim. Stretched the definition of what was supposedly pre-existing. You pays your money....

Agent nods
QLD, 422 posts
21 Mar 2017 1:05PM
Thumbs Up

But you really to need read through each policy.

This was from a quote from Pantaenius:

"Single Handed Warranty - No single handed sailing allowed before dawn or after sunset."

So you go out for a single handed sail, intending to return before sunset - but a afternoon storm develops (as they do!).

So you take shelter till it passes, which means returning after sunset. You are now not covered if something happens.
But if you stupidly went out in the raging storm, so as to get home by dark you are!

aus005
TAS, 431 posts
21 Mar 2017 2:56PM
Thumbs Up

Totally agree you sort the strawberries from the possum **** policies then luckily youi paid me out in full last year in the mersey river flood within 2 weeks i had my money.

UncleBob
NSW, 182 posts
21 Mar 2017 4:22PM
Thumbs Up

Select to expand quote
twodogs1969 said..
Just paid mine
86 model
$60000
$500 excess
Social non spinnaker racing
Swing mooring
$1117
Club marine mine is also a little higher as had a major claim 2 years ago. When another boat hit mine in a storm. Classed as no fault accident so effects both no claim.
One thing I can say is the claim process was easy with club marine and no problems with payout.



Oh how I wish, I was moored in Gawley bay and was hit by a vessel insured by club marine when it's mooring let go in a storm, the result was effectively go f*** yourself and if you wish to appeal this decision please contact Allister Leaper, contact # provided, Allister Leaper never answered calls or returned missed calls, I assumed that this was the name that was assigned to the office answering machine and that no one at club marine aka allianze insurance gives a f***.
Insure with Club Marine AKA Allianze Insurance at your own risk.

notpantaenius
2 posts
25 Mar 2017 1:20PM
Thumbs Up

Do not use Pantaenius extremely slow to process claim then they will give a really low settlement offer. Way under what it will cost to have it repaired. German Company ethics at their worst

notpantaenius
2 posts
25 Mar 2017 1:22PM
Thumbs Up

Do not use Pantaenius extremely slow to process claim then they will give a really low settlement offer. Way under what it will cost to have it repaired. German Company ethics at their worst

MorningBird
NSW, 1747 posts
25 Mar 2017 5:59PM
Thumbs Up

Select to expand quote
notpantaenius said..
Do not use Pantaenius extremely slow to process claim then they will give a really low settlement offer. Way under what it will cost to have it repaired. German Company ethics at their worst


How about some details thanks. Is this a general statement or can you provide actual details of the claim.
I have only heard good reports on Panatenius claim paying.

scaramouche
VIC, 133 posts
25 Mar 2017 9:24PM
Thumbs Up

Just reinsured with club marine
cav 32
1981
$40000
warned that will need surveyors Report before reinsurance next year
anyone else had this?

scaramouche
VIC, 133 posts
25 Mar 2017 9:24PM
Thumbs Up

Just reinsured with club marine
cav 32
1981
$40000
warned that will need surveyors Report before reinsurance next year
anyone else had this?

scaramouche
VIC, 133 posts
25 Mar 2017 9:24PM
Thumbs Up

Just reinsured with club marine
cav 32
1981
$40000
warned that will need surveyors Report before reinsurance next year
anyone else had this?

scaramouche
VIC, 133 posts
25 Mar 2017 9:24PM
Thumbs Up

Just reinsured with club marine
cav 32
1981
$40000
warned that will need surveyors Report before reinsurance next year
anyone else had this?

Chris 249
ACT, 1194 posts
30 Mar 2017 9:18PM
Thumbs Up

Select to expand quote
Yara said..
You find out how good an insurance company is when you have a claim, not when you pay the premium. My experience with QBE travel insurance was they dodged payment of what I considered a legitimate claim. Stretched the definition of what was supposedly pre-existing. You pays your money....





I'm getting the same vibes from QBE at the moment. On current performance, part way through a claim, I am rating them 2 or 3 out of 10.

A mate is going through a claim with Club Marine, who are pulling out all stops and bringing in excellent people like Sydney Rigging.

As of tomorrow we will be owners of a very shiny 36 footer and I'm fairly sure who will be getting our business. Unless something changes quickly QBE will never be seeing anything from us for boat, car and house insurance, and considering our claims history and what we have insured they will be the losers.

Chris 249
ACT, 1194 posts
30 Mar 2017 9:30PM
Thumbs Up

Select to expand quote
scaramouche said..
Just reinsured with club marine
cav 32
1981
$40000
warned that will need surveyors Report before reinsurance next year
anyone else had this?


Yes, you're the fourth Cav 32 owner in this thread with exactly the same problem.

Jode5
QLD, 486 posts
31 Mar 2017 6:51AM
Thumbs Up

I think we will all be able to thank " Debbie" for our insurance hike next year.

lydia
319 posts
31 Mar 2017 6:03AM
Thumbs Up

Have had two major claims with Club.
One a Hobart start crash and another losing a rig on the hard stand. Yep you read that right!
In both cases not my fault and no way of avoiding the damage in each case.
In each case Club gets 10 out 10 on answering the claim.
Loss adjuster there to meet us as the dock and excellent contractor engaged in two hours with the crash.
Losing the rig, saw loss adjuster on site next morning, agreement as value of claim and the preferred contractor engaged in less than a week. I then paid the difference to get a different rig.
So maybe you get what you pay for.

I have insured with Nautilus but with one little boat had all sorts of problems last time because I was doing a major renovation.
Maybe it was just the underwriter I had to deal with.

Bushdog
NSW, 90 posts
31 Mar 2017 9:14AM
Thumbs Up

Is an occasional out of water survey in an old boat (Any boat) unreasonable? There's regular comment about mooring minders and neglected boats, and owners who have grossly inflated opinions about the quality and value of their boat. Perhaps we need to accept that at some point, out of water surveys or insurance assessments (a cheaper option than a full survey) and rigging replacement, is a component cost of owning a yacht.

I've just purchased a new (1990) Cat with likely original rig. In reaching the decision to buy and insure it, I had to factor in out of water insurance assessment and re-rigging. Ouch! Interestingly, the rigger found a 30mm crack in the mast under a lower shroud fitting. Not something that would ever have been spotted in a survey, but something that could have been a major safety issue when we hit Bass Strait and 45knot gusts. The rigger fitted strengthening plates and larger tang bases for all shrouds. Money well spent in my opinion.

FreeRadical
WA, 651 posts
31 Mar 2017 9:49AM
Thumbs Up

Select to expand quote
Jode5 said..
I think we will all be able to thank " Debbie" for our insurance hike next year.



And the morons who didn't prepare their boats!

This is from my sailing:

One eye-witness told us that the headsail on one yacht unfurled in the strong winds, causing the yacht to sail up on to the pontoon, breaking it loose and taking the neighbouring vessel with it.

www.mysailing.com.au/latest/yachts-damaged-and-sunk-as-the-whitsundays-bears-the-brunt-of-tropical-cyclone-debbie?utm_medium=email&utm_campaign=Enews%20March%2031%202017&utm_content=Enews%20March%2031%202017+CID_3e0ebcb7798beac83a831600f5a98c29&utm_source=Email%20marketing%20software&utm_term=Yachts%20damaged%20and%20sunk%20as%20the%20Whitsundays%20bears%20the%20brunt%20of%20Tropical%20Cyclone%20Debbie

Capt_Newmo
VIC, 391 posts
1 Apr 2017 1:00PM
Thumbs Up

I would not buy a 20yr old boat without a full survey and a rigging report so I guess at some stage an insurance company would be very wise to ask for verification that your vessel is in reasonable condition before taking you on as an insurance risk.
Having those things done every few years might make sense as the owner regardless of what you insurance provider might want.

scaramouche
VIC, 133 posts
3 Apr 2017 9:37PM
Thumbs Up

Just paid up for another year with Xxxxmarine

but
warned will need full survey next year
every 5 years!
this needs to be factored into premium calculations!



Subscribe
Reply

Forums > Sailing General


"Insurance youi 0 : qvb 10" started by sirgallivant