My marine insurance premium just went up 50%

[180S 20]

Crikey i should edit better. Mariner is a different company. Just tried the original link and it worked for me.

[formula 2]

we just had our renewal come through last night and we havent had any price increase. Vero is our insurer through abbott brokers

[BMW56 12]

I have my now 40 year old boat insured with Youi. No unreasonable questions asked, no survey required, happy to insure on a swing mooring, and the price seems competitive.

 

It looks like all insurance premiums are taking a hike though. My business insurance (through State) jumped 25% this year. No claims and it seems other companies have made similar increases. Always worth shopping around.

[marinheiro 363]

Have to admit I had a couple of “ can’t find the server” when I tried , then copied and pasted the link when successful.

Have just been successful with

https://marinermarine.co.nz/

You do realise Mariner is just Vero's retail front?

https://marinermarine.co.nz/history

Used to have the yacht insured with them via Aon. However after she had been in shore based storage for some years, I advised them she was going to be moved, then before launching day advised she was going to be launched. Day after launching broker called and said they wanted an out of water condition report. Told them exactly what they could do with that idea.

Moved to Baileys who initially used QBE as underwriter, then switched to Vero (seems cannot escape them).

I had a bit of bureaucracy to go thru for Offshore insurance on my 30yr old yacht, ie

Boat builder"s inspection report 

Rig inspection

Min 3 crew for passage from/to NZ and CV's to be provided

but it was not insurmountable.

[Toltec 7]

Had my bill through the other day gone from $630 a year to over$900 and less cover on the boat is well .Over 25 years old.( 1975) the rig and sails aren’t covered unless under 5 Years old .8years since we did all rigging and new sails.Have decided to suck it up as you need insurance now days.Bottom line they don’t want to insure boats over 25 years.I need to have it to be on my pile Mooring,haul out and access to marinas you basically can’t do without it.Thing to remember with having 3rd party is its a bummer to lose your boat but are they going to pay for the removal of your wreck which could cost thousands

[Island Time 1,286]

If you get no joy in NZ, you could try http://insurancemarine-online.com/

[Dtwo 157]

I haven't been able to find insurance that does 3rd party only.

Boat launched 2015 after 100% re-build.

Mainstream casino's won't insure me 'cos i did it myself.

Neil sorted it initially. Wonder if still stands now they are Vero.

Obviously not going to insure for replacement.

Started at 100k, 70k, 50k, owing to cost,  and now can't insure for any less or straight out third party.

They have an answer for everything.

Guess I'll have to get a survey?

And, as in the building industry, unless staged inspections are done during build

it probably won't be worth the paper.

When I insured with Baileys they initially wanted a survey.  I sent a link to the blog I kept detailing the entire refit.  That was acceptable for them, which I guess means that they are open to discussion?

[Zozza 333]

Update:

I got 3rd party through 'The Marina Shop' up in Bay Of Islands 

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

 

$415 irrespective of boat size or value.  Not bad, and less than half of what Bailey's tried to whack me with.  Ok, true that Baileys was full insurance only, but I only need insurance for the Marina, and Baileys would not do 3rd party.

 

I did need to submit a condition report which is basically a tick box sheet that they supply, and had it signed off by a Boat builder.  But that was no big deal, as it's a basic one pager, not some ten page in depth survey it only cost a fraction of what a proper survey would.  Should not take a boat builder with his ticket, or a competent surveyor more than half hour / 3/4 hour to go over your boat and do the condition report, and can be done on the water.

 

All in all a good experience with the Marina Shop, and I would recommend them.

[harrytom 681]

Update:

I got 3rd party through 'The Marina Shop' up in Bay Of Islands 

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

 

$415 irrespective of boat size or value.  Not bad, and less than half of what Bailey's tried to whack me with.  Ok, true that Baileys was full insurance only, but I only need insurance for the Marina, and Baileys would not do 3rd party.

 

I did need to submit a condition report which is basically a tick box sheet that they supply, and had it signed off by a Boat builder.  But that was no big deal, as it's a basic one pager, not some ten page in depth survey it only cost a fraction of what a proper survey would.  Should not take a boat builder with his ticket, or a competent surveyor more than half hour / 3/4 hour to go over your boat and do the condition report, and can be done on the water.

 

All in all a good experience with the Marina Shop, and I would recommend them.

Have you read the fine print?? I got a quote awhile ago from them for full insurance but to many out clauses. And if a claim was needed I had to pay up front then supply details and they would decide to pay or not. So boat sale didnt go ahead.But it was quick to insure if I had gone with it. They had it with some company in the UK.

[Zozza 333]

Have you read the fine print?? I got a quote awhile ago from them for full insurance but to many out clauses. And if a claim was needed I had to pay up front then supply details and they would decide to pay or not. So boat sale didnt go ahead.But it was quick to insure if I had gone with it. They had it with some company in the UK.

 

I've got 3rd party with them only, Harry.  Did not even bother to ask them about full insurance.