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Insurers, the good, the bad & the ugly?

insurance insurer

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#1 cj!

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Posted 20 April 2017 - 06:43 PM

OK, the yacht purchase is getting closer so I need to look at some insurance. Recommendations of who to call and who not to call? Good and bad experiences welcome. What do I need to be aware of and what should the policy cover? At this stage, it's for coastal cruising around NZ and being on a mooring.


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#2 SanFran

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Posted 20 April 2017 - 07:04 PM

Usually they'll want a survey report on the vessel.
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#3 SanFran

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Posted 20 April 2017 - 07:13 PM

The insurer's will probably want you to apportion values to the hull, motor, rigging too. I guess it restricts you a bit on what you can claim on, unless it's total loss.
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#4 khayyam

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Posted 20 April 2017 - 07:57 PM

we had good experiences with lumley marine. 

 

do you already have a mooring? there may be issues around mooring location and specific insurers, too. iirc, lumley wouldn't insure in okahu bay (5 years ago anyhow).


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#5 SanFran

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Posted 20 April 2017 - 08:01 PM

Yes, we're with lumley too. They have been excellent and possibly one of the cheapest too. Definite have to have the mooring certified for insurance to be activated.
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#6 cj!

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Posted 20 April 2017 - 08:08 PM

we had good experiences with lumley marine. 

 

do you already have a mooring? there may be issues around mooring location and specific insurers, too. iirc, lumley wouldn't insure in okahu bay (5 years ago anyhow).

 

Not yet, but working on it. Looking for something in the Tamaki River around Half Moon Bay/Little Bucks if I can.


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#7 SanFran

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Posted 20 April 2017 - 08:14 PM

Where we are, 200m upriver from the marina. Great spot, safe etc but a real issue with marine growth. Bbyc has great haul out at Grangers Point too.
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#8 marinheiro

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Posted 20 April 2017 - 08:16 PM

Baileys brokers are good, they work for the insured if there is a claim. They use QBE for local marine insurance
Vero's policies have too many ifs and buts
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#9 ScottiE

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Posted 20 April 2017 - 08:28 PM

San Fran - sounds like you're not far from me. I'm second last at the southern end of that mooring field. Yeh the growth is something to behold - it's the green slime I'm struggling with.

PIC Insurance is also worth looking into. They have a specific marine team.
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#10 Steve Pope

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Posted 20 April 2017 - 08:55 PM

I would 2nd Baileys, they do look after their customers.
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