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My marine insurance premium just went up 50%

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So, the obvious question. If they are both under written by same insurer Nauti must have lower margins or conditions that give

Them a satisfactory bottom line.

The main difference is 'replacement' and / or agreed value contracts and 'market value', the market value including depreciation and better-ment. So there are major differences in the value of the contract. But there is also a 300% cost difference.

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The insurance issue is yet another cold hard steel nail through the heart of yachting.

Fark Westhaven firstly tasked tradies with excessive costs of $5 mil of cover then rescinded when faced with reality.

Secondly seeks all customers sorry public owners of the marina evidence of coverage for moored craft with no actual history of major claim events.

Whose sucking whose knob.

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Yup when I start banging on about Westhaven I cannot seem to stop myself.

Maybe Chloe or Kevin could answer one or two simple but pertinent questions.

There is a glaringly inverse relationship linking the marina moorage costs and the market value of vessels stored within the facility.

Can the management please explain or at least contribute to the conversation.

Can the management give a clear line of explanation as to the public owners where the insurance boundaries fall.

Is 3rd party ie fire theft coverage etc accepted.

Who offers such coverage in their opinion.

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Westhaven states the marina is at full capacity so as future boat owners one must consider the unavailability of marinas when considering purchasing craft but is actively converting existing marina berths to suit the needs of brokers.

Crikey where does it stop.

Told the reason why Kevin does not keep his ride at the marina is it is simply too expensive.

Fact or fiction who knows.

Tom Warren has journeyed on to develop marina facilities for other unnamed parties but my guess is the Lot 18 expansion for Orams Inc which steps out from the promoted yachting industry development to now include 138 apartments.Kevin has by default assumed the Panuku Marina Managers role.

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Lastly as I have had a sh*t of a day onsite amassing enough loot to keep our princess tucked up safe and available in Westhaven can anyone explain in simple terms where did it all become so utterly difficult and unaffordable for a working class family to own operate maintain and enjoy such a wonderful adventure machine such as a boat.

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I hade the baileys phone call one night asking the age of the boat , as they won’t insure my boat if it was 40 years , I have been with them 24 years , but it was built in the late 80s , you kinda feel , thanks for being with us now f, o your to old even as I maintain to the full and some ,

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Aroha that’s what it’s all about as noted on the bow.

We all who visit this site are sea creatures some more presentable than most possibly or probably.

The commonality is a sea based fusion of differential tidal flows ebbs and tides passing or approaching heavy or light weather opinions from all quarters of life’s moral compass.

The sea has taught me most importantly that the storm will pass and the sun will shine.

This however does not reflect in the cost of ownership of our most precious vessels.

Yup Fish I could move and stop moaning but for my whanau it’s not about cost it’s a culture thing.

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I’ve been going thru exactly the same insurance issues, berthed at WestHaven

My insurance was increased 20% because “it’s an older boat” excuse, and requiring another survey.

The surveyers of course have to cover themselves as they are liable should something go wrong so they will dot the I’s and cross the T’s. The insurance company writes the contract such that anything that could lay a claim can be written off as poor maintenance,seamanship or any other reason such that you really don’t have any claimable insurance.

So between the surveyers,insurance company’s and Marinas demands for $5M 3rd party insurance the local boat owner is mincemeat.

Have found 3rd party insurance available from

https://www.marine-insurance.co.nz

Rant Over

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