Claire 0 Posted June 26, 2020 Share Posted June 26, 2020 Hi there, I was wondering if it was mandatory here in NZ to have your boat insured? I just bought a keelboat from 1978 and insurance companies do not want to cover such an old boat. I don't mind not having it insured as it does not worth a lot of money however I do mind being covered for other boats damages. But this type of insurance does not seem to exist.. Thanks for your help Elise Quote Link to post Share on other sites
Toltec 7 Posted June 26, 2020 Share Posted June 26, 2020 You will need insurance of some sort .Marinas haul out and a lot of club moorings you always have to provide a certificate of insurance before they let you in.Having a old wooden Chico we are now being screwed by insurance has almost doubled in 2 years and half the cover .That being said we suck it up and pay as it is not the loss of your boat it is the damage you can cause to others.Another thing to remember if you wreck you boat you are responsible for the removal of the wreck and damage ie diesel around a mussel farm this is said as I have experienced a a total loss and wreck removal not cheap fortunately the boat was insured Quote Link to post Share on other sites
Dtwo 157 Posted June 26, 2020 Share Posted June 26, 2020 You will need 3rd party to keep it in a marina. Maybe talk to Baileys https://www.baileysinsurance.co.nz/ Quote Link to post Share on other sites
aardvarkash10 1,055 Posted June 26, 2020 Share Posted June 26, 2020 Just newly insured our 1974 Spencer through Mariner Insurance. Wasn't cheap - around 6% of insured value with $500 excess... 3rd party only was not an option (they wouldn't do it) and the excess increase to $1000 only made a few dollars difference in the premium. Quote Link to post Share on other sites
curly12 1 Posted June 26, 2020 Share Posted June 26, 2020 Marina Shop Opua do third party, Paid annual bill today, $550 for 32ft 1980 ferro, Quote Link to post Share on other sites
ex Elly 217 Posted June 28, 2020 Share Posted June 28, 2020 Depends where you keep the boat, but shouldn't be compulsory to have insurance. Quote Link to post Share on other sites
Black Panther 1,670 Posted June 28, 2020 Share Posted June 28, 2020 I have had long periods without it . Quote Link to post Share on other sites
rossd 16 Posted July 10, 2020 Share Posted July 10, 2020 Not much progress here with Baileys Insurance! Vessel Details Please advise the year your boat was originally built .......... 1978 Sorry, but as your vessel is over 40 years of age, we are unable to offer any cover for you Quote Link to post Share on other sites
Deep Purple 516 Posted July 10, 2020 Share Posted July 10, 2020 In another 4 years that will mean half the NZ fleet will be uninsurable 1 Quote Link to post Share on other sites
Dtwo 157 Posted July 10, 2020 Share Posted July 10, 2020 Is that the website - if it is it's better to call them. They are brokers so they will find something that works. 1 Quote Link to post Share on other sites
Fogg 427 Posted July 11, 2020 Share Posted July 11, 2020 Baileys brokers have looked after my boat insurance for nearly 20 years and have always found a way. Agree best approach is call them directly. 1 Quote Link to post Share on other sites
Bradz 18 Posted July 12, 2020 Share Posted July 12, 2020 We recently change companies and broker. Now with Ando 25% cheaper than our previous insurer. Brent Mullan is our broker - brent.mullan@apexmarine.co.nz 1 Quote Link to post Share on other sites
Sail Rock 30 Posted July 16, 2020 Share Posted July 16, 2020 I’m also with Lantern (NZI) with 40+ year old boat Quote Link to post Share on other sites
BMW56 12 Posted August 6, 2020 Share Posted August 6, 2020 I'm also looking for a new insurer since Youi sold out to Tower. Have just received notification from Tower that they will no longer provide cover. I have checked with Nautical and they won't provide cover on a swing mooring. No luck either with State who I have my car and house with. Some helpful info in this thread, but I get the feeling it may be going to take some time and research to get this sorted. Boat is a Spencer 28 built in 1979. I also have had suggestions to check with Mariner and Club Marine. Does anyone have experience with them? Good, bad or otherwise. Any other suggestions of recent experience? Quote Link to post Share on other sites
harrytom 671 Posted August 6, 2020 Share Posted August 6, 2020 AMI will or the broker up opua way. Quote Link to post Share on other sites
DrWatson 382 Posted August 6, 2020 Share Posted August 6, 2020 Is pantaenius not active in the nz market? Quote Link to post Share on other sites
Fogg 427 Posted August 6, 2020 Share Posted August 6, 2020 15 minutes ago, DrWatson said: Is pantaenius not active in the nz market? I don’t think they do which is a shame. I think their nearest operation is AUS. Quote Link to post Share on other sites
raz88 96 Posted August 6, 2020 Share Posted August 6, 2020 Had some dealings with pantaneus about 3 years ago and that was the case then. Quote Link to post Share on other sites
CarpeDiem 506 Posted August 6, 2020 Share Posted August 6, 2020 10 hours ago, BMW56 said: I also have had suggestions to check with Mariner and Club Marine. Does anyone have experience with them? Good, bad or otherwise. Any other suggestions of recent experience? We've had great experience with Mariner. We had a racing accident with some hull damage less than a year ago and the claim was approved within 24hrs. We're in a Marina, but the policy is titled "Moored or Berthed Boat Policy" ... so hopefully they cover moorings. Quote Link to post Share on other sites
eruptn 98 Posted August 7, 2020 Share Posted August 7, 2020 The NZ Trailer Yacht Assoc runs a scheme thru Crombie Lockdown in Tauranga. There maybe scope there...? Quote Link to post Share on other sites
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