I received this in an email from CraftInsure; it seems to be a pretty hefty hike when I haven't made a claim. My boat has been with another, probably best un-named, MROA member for the past TWO YEARS being fettled in one way or another. Now that I'm 70 I'm seriously wondering if I'll still be able to sail it if and when I see it again.
yep mine has increased by nearly 40% funnily enough craftinsure came out as one of the cheapest...
Noticed the same. I'm yet to insure as I've only just got it but before Christmas and after Christmas quotes have gone up by 50%.
think it has a lot to do with rig replacement costs....masts are a big cause...
My renewal quote from Towergate has gone from £200 to just over £330, a big hike but still a bit cheaper than some of the others
My cover has actually gone down on 3571.... £136.00......
Recently a Starcross Merlin snapped their Chipstow mast and are having it replaced by a Skinny Selden after chipping in an additional £750 on top of their excess for the mast upgrade. How are insurers charging 40% higher premiums and this upgrade cost? Or would those insurers who have issued the 40% or so hike not be adding the upgrade cost?
I queried the big cost hike with Towergate and apparently this only applies to their gold level cover. The silver level was still quite a bit cheaper, but doesn't cover you for attending open meetings or events like the Championships.
I was with Bishop Skinner for 12 years, this year the premium went up over 40% I have changed to Craftinsure who gave me the best quote was £211. As DH seems it may be the cost of all those carbon masts... In my experience insurance companies get their money back in the long term.
I seem to be on 1st name terms with the claims manager at Bishop Skinner. I have recently renewed, something of a price hike but not enormous and over the last few years I'm sure they have paid out substantially more to keep Heaven Sent in one piece than I have paid in premiums. Incidentally, despite trying really hard (including having the boat pitchpole when tied down on its trolley in one of the recent storms) I have still not managed to break the 1st generation SuperSpars carbon mast so it's not that driving the premiums up. My take being that cheap insurance is all very well but what you want it for at the end of the day is sorting out claims and repairs and Bishop Skinner have been exemplary.
Carrying on old thread I see my Craftinsure renewal's gone up 30% this year. Are they still the best or anyone finding more reasonable quotes elsewhere? Cheers
I've just had my renewal notice from GJW and it has remained the same as last year (£202 for 3616 valued at £6000). Mind you, I haven't claimed on it in the last 12 months.
www.insure4boats.co.uk I just got a quote from these guys for £46.99 for £3500 value. But they don't ask for what kind of boat it is or give you a lot of details about cover. Sounds to good to be true.