Boat Insurance

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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 10:43pm
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Interesting thanks Sealegs, I know a guy who got paid out on his outboard engine damage due to fuel contamination. I don't know the ins and outs of it but find it tricky to see how he managed that myself. Any thoughts on that one? 
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Post Options Post Options   Likes (1) Likes(1)   Quote Sealegs Quote  Post ReplyReply Direct Link To This Post Posted: 09 Dec 2016 at 7:44am
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Claims for fuel contamination are fairly common and generally you will find the insurer will cover it.  It depends on the circumstance.  

The policy will state basically what is covered and will have a number of specific exclusions - e.g. mechanical damage, electrical faults etc.  Contaminated fuel will cause mechanical damage, but the mechanical damage may still be covered because the cause is external to the engine - e.g. someone has deliberately put water in your fuel. So the cause is not just a mechanical breakdown, it is another act that has caused the mechanical breakdown - a subtle but important difference.

 I have noticed over the years that although many claims may not be technically covered by the policy wording, reputable insurers will still often cover them just to maintain reputation.   Probably goes against the grain of what many people think, but that is what I see.

Dene
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Post Options Post Options   Likes (0) Likes(0)   Quote AP Quote  Post ReplyReply Direct Link To This Post Posted: 09 Dec 2016 at 4:17pm
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Just signed up to Club Marine- annual premium turned out exactly 33% cheaper than my previous insurer.
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Post Options Post Options   Likes (0) Likes(0)   Quote Jemry Quote  Post ReplyReply Direct Link To This Post Posted: 12 Dec 2016 at 4:17pm
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Originally posted by jackel jackel wrote:

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? 

I put it to them that it was a 'sudden and accidental loss' and not due to lack of maintenance (was a hose clip band that had been sitting in the filter for who knows how long? sucked into vanes, luckily no further damage) 
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Post Options Post Options   Likes (0) Likes(0)   Quote livin4fish Quote  Post ReplyReply Direct Link To This Post Posted: 12 Dec 2016 at 7:29pm
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A mate hit a rock bent prop, skeg and driveshaft all fixed by insurance, Said it was his own fault but they still paid out
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Post Options Post Options   Likes (0) Likes(0)   Quote MandM Quote  Post ReplyReply Direct Link To This Post Posted: 12 Dec 2016 at 9:53pm
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Originally posted by AP AP wrote:

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...

just insured a $300,000 trailer boat with Vero for $2,200. Excess $1000.
called a few places, they were the cheapest.
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Post Options Post Options   Likes (0) Likes(0)   Quote northstar Quote  Post ReplyReply Direct Link To This Post Posted: 19 Oct 2018 at 4:10am
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The premium for your fishing boat insurance depends both on the type of activity taking place within the boat, the vessel’s age and its onboard systems. While you might be able to achieve cheaper insurance, it’s important to consider the coverage levels and how much protection your plan provides for the vessel. Working with a qualified insurance company such https://www.northstarinsurance.ca/about-us/ - as Northstar Marine Insurance can help you to save money on https://www.northstarinsurance.ca/fishing-boat-insurance-ontario/ - insurance for your fishing boat.

Northstar Marine Insurance has decades of team experience in the insurance industry. Their experts work around the clock in helping clients manage their coverage requirements and can build custom plans for those seeking fishing boat insurance. Because of their understanding of the insurance marketplace, as well as their expertise in boat performance, Northstar can offer the ideal service for you. To learn more about the company and their pricing for your insurance requirements, https://www.northstarinsurance.ca/contact/ - call their team today.
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Post Options Post Options   Likes (0) Likes(0)   Quote spin king Quote  Post ReplyReply Direct Link To This Post Posted: 19 Oct 2018 at 7:03am
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Just insured my boat with ami $124 per annum with a $100.00 excess. Stoked!
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Post Options Post Options   Likes (0) Likes(0)   Quote notalloyit Quote  Post ReplyReply Direct Link To This Post Posted: 19 Oct 2018 at 3:00pm
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Yes, do watch the difference with agreed and market value, got my boat/ motor rear ended by texting euro non licensed freedom camper driver.
smashed motor off transom, stuffed from powerhead down, motor was 3 yrs old and close to mint, truthfully. To replace motor they only said it was worth 3500 to 4000 for the motor due to depreciation, I had been paying insurance on 8500 for 2 years prior to hit. WHY? as that's what I understood I would get if something happened to write it off or it gets stolen, I told them find me a 40 horse merc xr lightning anywhere in NZ or Australia comparable to my preaccident condition for that price and i'll buy it, couldn't be done, my argument was, unit totally, useless from powerhead down, replace motor. They refused, had to compromise and get a complete bottom end, now why wasn't the freeloader charged for the difference, as they were at fault. SO do make sure you understand exactly what is covered, I will say though that the assessor was a godsend, very helpful and knowledgeable, way better than the Motueka boatyard that pissed me around for 3 months and couldn't follow simple instructions.
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Post Options Post Options   Likes (1) Likes(1)   Quote Far Quirk Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2021 at 2:04pm
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Update

From December 2020, Club marine appear to have sold out to Tower, and they forward your call to Tower.  Service not much good so far.  Got sick of waiting for them to answer the phone so requested a call back.  That was over 20 minutes ago.

Also tried to call AMI, also poor service.  Sent them an email, still no reply.

I'm now going to go back to my current insurer, Mariner, and ask them why they've put my premiums up by 18% over 5 years.  It's not much, but the sum insured hasn't changed, so why?
Far Quirk - I'm goin' fishn!
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Post Options Post Options   Likes (0) Likes(0)   Quote pjc Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2021 at 2:17pm
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Bayleys have put there rates up too.Due to parent company having major losses o payouts it's only going to get worst
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Post Options Post Options   Likes (0) Likes(0)   Quote FizFisho Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2021 at 3:42pm
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I had a reply from Club Marine saying they are not doing new policies, so I assume they are ceasing business in time?
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Post Options Post Options   Likes (0) Likes(0)   Quote Ecko Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2021 at 4:15pm
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I gave up with Bailey's also.
I have an excellent new policy sorted by the guys who look after my health insurance. The boat specialist is super on to it and arranged comprehensive cover at the best rate I could find.

PM me for his details.
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Post Options Post Options   Likes (0) Likes(0)   Quote The Tamure Kid Quote  Post ReplyReply Direct Link To This Post Posted: 18 Jan 2021 at 4:17pm
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Originally posted by Far Quirk Far Quirk wrote:

Update

From December 2020, Club marine appear to have sold out to Tower, and they forward your call to Tower.  Service not much good so far.  Got sick of waiting for them to answer the phone so requested a call back.  That was over 20 minutes ago.

Also tried to call AMI, also poor service.  Sent them an email, still no reply.

I'm now going to go back to my current insurer, Mariner, and ask them why they've put my premiums up by 18% over 5 years.  It's not much, but the sum insured hasn't changed, so why?

I am with AMI, tacked on to other vehicle insurance. Seemed like a reasonable deal versus a couple of other providers, but I did manage to get through to a real person to set it up!

But it's worth being insured - I know a guy who's just getting his boat repaired after a recent accident at Half Moon Bay.

He was minding his own business retrieving his boat on to his trailer, when another boatie came in at quite some speed and smashed into the stern of his boat, which then jack-knifed into his vehicle.

$6000 bill so far to the boat, and he was VERY lucky to escape uninjured. If he was on the side where the boat jack-knifed, he would have been squashed between the boat and the car.

The guilty party claimed his throttle got stuck as he neared the ramp! 
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Post Options Post Options   Likes (0) Likes(0)   Quote Ecko Quote  Post ReplyReply Direct Link To This Post Posted: 19 Jan 2021 at 12:14am
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Originally posted by The Tamure Kid The Tamure Kid wrote:

Originally posted by Far Quirk Far Quirk wrote:

Update

From December 2020, Club marine appear to have sold out to Tower, and they forward your call to Tower.  Service not much good so far.  Got sick of waiting for them to answer the phone so requested a call back.  That was over 20 minutes ago.

Also tried to call AMI, also poor service.  Sent them an email, still no reply.

I'm now going to go back to my current insurer, Mariner, and ask them why they've put my premiums up by 18% over 5 years.  It's not much, but the sum insured hasn't changed, so why?



I am with AMI, tacked on to other vehicle insurance. Seemed like a reasonable deal versus a couple of other providers, but I did manage to get through to a real person to set it up!

But it's worth being insured - I know a guy who's just getting his boat repaired after a recent accident at Half Moon Bay.

He was minding his own business retrieving his boat on to his trailer, when another boatie came in at quite some speed and smashed into the stern of his boat, which then jack-knifed into his vehicle.

$6000 bill so far to the boat, and he was VERY lucky to escape uninjured. If he was on the side where the boat jack-knifed, he would have been squashed between the boat and the car.

The guilty party claimed his throttle got stuck as he neared the ramp! 


Presumably the guilty parties insurance is paying out?
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Post Options Post Options   Likes (0) Likes(0)   Quote FizFisho Quote  Post ReplyReply Direct Link To This Post Posted: 19 Jan 2021 at 10:25pm
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Originally posted by Far Quirk Far Quirk wrote:

Update

From December 2020, Club marine appear to have sold out to Tower


I missed this, thank FQ.

Interesting, I approached tower ages ago about a glass boat which weighed slightly over the wagons tow range. They said they could not offer cover. Yet other companies said they just refer to the RTNZ laws, in which case the boat and wagon were fine.

We just used ASB prior as was convenient, but looking back, wasnt cheap. Not with ASB now so irrelevant other than easiest isnt always best.

Clearly pays to shop around.
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Post Options Post Options   Likes (0) Likes(0)   Quote Far Quirk Quote  Post ReplyReply Direct Link To This Post Posted: 21 Jan 2021 at 9:03am
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Update - It took a while but within 2 days I had quotes from Tower andAMI.
My previous insurer Mariner wanted $306 with a $500 excess.
Tower wanted $249 with $1000 excess (I'm happy with a higher excess)
AMI wanted $195 with a $1000 excess, so I went with them.

Before I settled on AMI I went back to Mariner to ask if they would change their excess to $1000, but they wouldn't.  Also asked why they had hiked their premiums, and they said that their customers were claiming more, so they had to put their premiums up.  I told them I had a lower quote and they looked at whether they could lower the premium, but they couldn't, so byebye.

The difference is a 36% saving with AMI, which might not be much in $/year, but should add up to over $1000 over 10 years.
Far Quirk - I'm goin' fishn!
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Post Options Post Options   Likes (0) Likes(0)   Quote Ascot Quote  Post ReplyReply Direct Link To This Post Posted: 06 Feb 2021 at 11:50am
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just had quotes through for $85k cover, $1000 excess

$830 with Tower
$1080 with AMI (all other insurances with AMI)

Big enough difference to put the boat with them
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