cj! 19 Posted April 20, 2017 Share Posted April 20, 2017 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. Quote Link to post Share on other sites
SanFran 12 Posted April 20, 2017 Share Posted April 20, 2017 Usually they'll want a survey report on the vessel. Quote Link to post Share on other sites
SanFran 12 Posted April 20, 2017 Share Posted April 20, 2017 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. Quote Link to post Share on other sites
khayyam 68 Posted April 20, 2017 Share Posted April 20, 2017 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). Quote Link to post Share on other sites
SanFran 12 Posted April 20, 2017 Share Posted April 20, 2017 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. Quote Link to post Share on other sites
cj! 19 Posted April 20, 2017 Author Share Posted April 20, 2017 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. Quote Link to post Share on other sites
SanFran 12 Posted April 20, 2017 Share Posted April 20, 2017 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. Quote Link to post Share on other sites
marinheiro 352 Posted April 20, 2017 Share Posted April 20, 2017 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 Quote Link to post Share on other sites
ScottiE 174 Posted April 20, 2017 Share Posted April 20, 2017 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. Quote Link to post Share on other sites
Steve Pope 243 Posted April 20, 2017 Share Posted April 20, 2017 I would 2nd Baileys, they do look after their customers. Quote Link to post Share on other sites
Young Entertainer 59 Posted April 20, 2017 Share Posted April 20, 2017 Go pic. Know what there talking about and really good to deal with Quote Link to post Share on other sites
1paulg 17 Posted April 20, 2017 Share Posted April 20, 2017 Don't use NZI - had a launch insured with them anchor on top of me and drag - enough damage for a claim and NZI refused to cough up because they believe once the anchor is down he isn't liable !!!! Luckily ,my insurance company ( Topsail) paid out and is having to probably pay more than the claim is worth in lawyers fees to get NZI to change their stance Quote Link to post Share on other sites
The big T 40 Posted April 20, 2017 Share Posted April 20, 2017 Been with Mariner and its previous incarnations for probably 30 years now and absolutely no problems- with a few claims along the way as well! Well worth a call. Quote Link to post Share on other sites
Toltec 7 Posted April 20, 2017 Share Posted April 20, 2017 Wrecked brother in laws launch a few years ago Mariner paid out within 10 days so I highly recommend them or Baileys Also know of a mooring for sale by Sanfran had French Tart on it Farr 1020 Quote Link to post Share on other sites
harrytom 641 Posted April 20, 2017 Share Posted April 20, 2017 lumleys was good to me when I had a total loss, house/cars at state but boat was over the top, I am with youi,(I know the stories) but the price is right,no survey required on a 35+yr old yacht,just is the mooring recently surveyed,Don't know what their claims are like never made one.but the policy looks ok been with them 3yrs. Quote Link to post Share on other sites
Ptown 14 Posted April 20, 2017 Share Posted April 20, 2017 PIC have been excellent for me. Highly recommend. Quote Link to post Share on other sites
kiwi_jon 26 Posted April 20, 2017 Share Posted April 20, 2017 Another one for Mariner. Like the earlier poster I started with the Mortimers/Mariner when I launched my 88 in '88 and have been with them since. I have had some big claims, several rigs, sails, damaged topsides etc and while my premiums went skyhigh for a while I stuck with them as no-one wanted to insure 88 bumper boats at the time. Haven't had claim now in 15 years. I occasionally look at different insurers and Mariner have been responsive to looking at and adjusting my premium. Quote Link to post Share on other sites
Myjane 40 Posted April 21, 2017 Share Posted April 21, 2017 Baileys is the one , Quote Link to post Share on other sites
cj! 19 Posted April 21, 2017 Author Share Posted April 21, 2017 Well, it seems that I have a few names for the short list so far, Bailey's Insurance Brokers, Lumley, Mariner Marine Insurance, and PIC Insurance and I may or may not need a survey. Anything else? Quote Link to post Share on other sites
SanFran 12 Posted April 22, 2017 Share Posted April 22, 2017 They will want to know where you intend keeping her.... marina or swing mooring, which will make a difference in the premium. Quote Link to post Share on other sites
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