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    Posted: 30 Nov 2016 at 8:04am
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Hi Folks
Im just in the process of insuring my boat...my current insurer is charging an annual premium of $900 with a $250 excess for $70k cover...how does this compare to others? I thought $900 seems a bit steep...

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Post Options Post Options   Likes (0) Likes(0)   Quote Southern_Jez Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 8:06am
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$621/annum with $250 excess for $54000 cover with State. 
You can get cheaper, but I have never had any dramas dealing with State when required (outboard claim on old boat, and car write off from water damage), for me, that ease of use when the sh*t hits the fan counts for a bit.
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Post Options Post Options   Likes (0) Likes(0)   Quote MikeAqua Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 8:47am
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I'm pay $400 for around $30k cover.  I don't have the exact numbers in front of me.  I'm also with State. 

They have been good to deal with.  They will insure a hull up to 35 years old without survey.  Helpful as mine is 28 years young.

They have been flexible both times I moved storage location, each time checking with the re-insurer and responding quickly.
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Post Options Post Options   Likes (0) Likes(0)   Quote Kevin.S Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 10:34am
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I'm paying $600 for $66k cover with Club Marine, which was near enough the same as it would have been with Mariner Marine Insurance (who insure my other boat) as I checked on renewal to make sure it was an OK price.  Mariner were very helpful with older boats and when I made a claim were very good.
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Post Options Post Options   Likes (0) Likes(0)   Quote Otto Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 11:30am
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Just got a quote $880 for $105000.00 $500 excess CM
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Post Options Post Options   Likes (0) Likes(0)   Quote viscount Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 2:35pm
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Ami $500 with a $250 excess $55000
Calling fishing a hobby is like calling brain surgery a job - Paul Schullery
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Post Options Post Options   Likes (0) Likes(0)   Quote pjc Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 2:55pm
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Originally posted by MikeAqua MikeAqua wrote:

I'm pay $400 for around $30k cover.  I don't have the exact numbers in front of me.  I'm also with State. 

They have been good to deal with.  They will insure a hull up to 35 years old without survey.  Helpful as mine is 28 years young.

They have been flexible both times I moved storage location, each time checking with the re-insurer and responding quickly.
must be different for yachts?had to get a survey on 35 yr old yacht,luckily I know a surveyor,1 doz and all written out.$1k on $18k
went youi,$600 on $18k,no idea what claims are like though
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Post Options Post Options   Likes (0) Likes(0)   Quote Bigfishbob Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 4:31pm
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550 for 55k through club marine with my NZSFC discount
www.waikatosportfishing.co.nz
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Post Options Post Options   Likes (0) Likes(0)   Quote corokid Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 4:41pm
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460 for 50k cover with club marine(trailer boat) with a few discounts for my qualifications and experience. Also probably going to be one of their approved surveyors.Generally boats over a certain age or value will require an insurance acceptance survey.

Obviously moored boats will have higher premium.
Ensure your anti theft device is accepted type to avoid any issues if you have to claim.
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Post Options Post Options   Likes (0) Likes(0)   Quote funandfunction Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 7:17pm
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There are generally two types of policy as far as I know. Market Value and Agreed Value . I think you'd need to be aware of which you're talking about when comparing.
There are two types of people in the world: those that divide people into two types and those that don't.
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Post Options Post Options   Likes (0) Likes(0)   Quote Sealegs Quote  Post ReplyReply Direct Link To This Post Posted: 30 Nov 2016 at 10:24pm
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There are different policies for trailer boats and moored boats, and different rates for the same type of boat in different situations.  e.g. swing mooring or marina berth.  You can only compare like for like.  Some policies, particularly those written for certain brokers, also have special wording which incorporates a lot of add ons.  You really need to decide what you want, including market or agreed value, and then ring around, and read the policy. While State may be favoured by some, there are a number of insurers with specialist marine departments that should have a better idea of which end of a boat is the front.
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Post Options Post Options   Likes (0) Likes(0)   Quote Lickindip Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2016 at 2:09am
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and at the bottom end of the scale ...
$200 for $12k trailer boat with AMI
but I will be changing all my insurances away from AMI when I get back it the country
they are your best friend when you are asking for quotes or paying them but a pack of W4NKERS when it comes to claims
had a car stolen so got pinged for 2 excesses (car and contents), they wouldn't cover the full market price they had always quoted me, they cancelled my auto payment and someone else's policy so I got a late bill from them, they didn't de-register the written off car, so NZtransport sent me bill and over due letters multiple times even after I contacted ami that they should sort it out
 
have had a quote from club marine for around $270 for $12k ... but then NZSFC gets a 10-15% of that I believe. and club marines cover is much greater
I just read an article about the dangers of drinking too much; it scared the sh*t out of me, so today I decided I'm never f*cking reading again!
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Post Options Post Options   Likes (0) Likes(0)   Quote Woodrow Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2016 at 7:23am
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I pay $893.00 a year for $120K cover with $500 excess though Club Marine.
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Post Options Post Options   Likes (0) Likes(0)   Quote Denny Boy Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2016 at 8:31am
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$600 for $80k with Mariner. Not sure if that will still be the case now though
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Post Options Post Options   Likes (0) Likes(0)   Quote AP Quote  Post ReplyReply Direct Link To This Post Posted: 01 Dec 2016 at 6:35pm
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Interesting stuff....certainly some pretty big variations in the mix!
Sounds like Denny Boy is getting a pretty grouse deal!
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Post Options Post Options   Likes (0) Likes(0)   Quote Jemry Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2016 at 11:15am
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I use Mariner Marine, $891.25 incl gst, insured for $140,000 ($135,000 boat $5000 worth of fishing gear thats normally stored on the boat) with $1000 excess. Have been very good so far, with a payout for a new turbo.
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Post Options Post Options   Likes (0) Likes(0)   Quote SaltyC Quote  Post ReplyReply Direct Link To This Post Posted: 02 Dec 2016 at 2:17pm
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Rule of thumb for launches moored in marinas, used anywhere NZ coastal and inland waters, $1000 excess and an "agreed value" policy, is 0.5% of the value insured, plus gst.

ie $150,000 @0.5%=$750 + GST =$862.50pa

The thing to watch is most insurers will start at this when competing for your business and then try and creep it up above the 0.5% over the next few years, you have to keep them honest.
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Post Options Post Options   Likes (0) Likes(0)   Quote livin4fish Quote  Post ReplyReply Direct Link To This Post Posted: 07 Dec 2016 at 6:42am
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$70 k with club marine $562.00 $ 500.00 excess
No good fish goes anywhere without a porpoise: Lewis Carroll

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Post Options Post Options   Likes (0) Likes(0)   Quote jackel Quote  Post ReplyReply Direct Link To This Post Posted: 08 Dec 2016 at 9:10pm
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Originally posted by Jemry Jemry wrote:

I use Mariner Marine, $891.25 incl gst, insured for $140,000 ($135,000 boat $5000 worth of fishing gear thats normally stored on the boat) with $1000 excess. Have been very good so far, with a payout for a new turbo.

A 'payout for a new turbo' so you have some sort of mechanical warranty as part of your insurance? I have heard of that also but keen to know more about your mechanical warranty. Do the other insurers cover mechanical? p.s I spoke to AMI and checked my boat is covered when crossing the Manukau Bar, it was and I asked them to put that in writing for me. They also asked me when insuring the boat to break it down into, hull, outboard, trailer which could be messy in the event of a claim as the component costs are unlikely to adequately cover fitted prices. Did you guys with the Club Marine insurance get asked to break down the valuations? 
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Post Options Post Options   Likes (1) Likes(1)   Quote Sealegs Quote  Post ReplyReply Direct Link To This Post Posted: 08 Dec 2016 at 10:04pm
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You don't have to ask an insurer to put in writing if something like crossing the Manukau Bar is covered because it is already written in the policy. If they say they cover your boat to, say, 200 miles from the coast, and it is not specifically excluded, then it is covered.   I wonder how many people actually read the full policy, and not just the brief summary that brokers often give.  

Damage to a turbo may not necessarily be due to a mechanical fault. It may be due to other issues such as ingesting water from a leaking hull.  All pleasure hull policies exclude mechanical failure, but it comes down to something called proximate cause.  If the mechanical issue is caused by something else that is insured for, then you should get paid out.

Dene
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