Guest Posted May 16, 2012 Share Posted May 16, 2012 All well and good Paddy O - but ours is not a racing tri - shes quick but we do not race, yet we could not get full insurance. The only reason we managed to get 3rd party was because Offender already had her insured and they let us roll it over. I queried getting full cover for her in the future and was given a very shady answer - they are not keen. So how to we protect our liabilities? M Cruising tri's are tarred with the same brush, aren't they? If 20-30 owners clubbed together I would think you can get a scheme off the ground. But it needs to be conservative and workable... You would need to be careful who you invite and what cover you go for. >Don't try to insure boats moored in the open harbour >Don't ask for capsize cover racing. >Don't ask for cover on dodgy racing rigs and high performance sails >Have a high excess so you aren't doing people's banking for them. I would try and galvanise the club, if I were an owner... Link to post Share on other sites
Guest Posted May 16, 2012 Share Posted May 16, 2012 I would also exclude single handed sailing from a scheme that I was involved in too Why insure the inevitable disaster? Link to post Share on other sites
Hurts 6 Posted May 16, 2012 Share Posted May 16, 2012 I think EMC's suggestion is the best - the problem is too complex to thrash out on a forum...and it's more than just how to get insurance now. We find some brave org who will insure us and then the same rate of flipping and damage continues, they go "f*ck this" & then we are back to square one. The big thing holding back multihull racing is the capsizes - leads to bad publicity and claims - leads to no insurance so precludes a whole bunch of people who cannot afford the risk and therefore very few new boats and crazy low resale values IMHO. Link to post Share on other sites
Guest Posted May 16, 2012 Share Posted May 16, 2012 Anyone tried Dan at PIC Insurance? Last time i spoke he seemed fairly happy to be involved in insuring multi's? They are only brokers so deal with a few big under writers and have good contacts so might be worth trying? Dan Garner Daniel@pic.co.nz (09) 274 5751 http://www.pic.co.nz/marine.html Yip I have full cover for my cat with pic, Dan is awesome to deal with and PIC also sponsor the 8.5 nationals as well. so clearly understand multis. Link to post Share on other sites
Atom Ant 0 Posted May 16, 2012 Share Posted May 16, 2012 All well and good Paddy O - but ours is not a racing tri - shes quick but we do not race, yet we could not get full insurance. The only reason we managed to get 3rd party was because Offender already had her insured and they let us roll it over. I queried getting full cover for her in the future and was given a very shady answer - they are not keen. So how to we protect our liabilities? M Wadaya mean not a racing tri? It was when we sailed it! Link to post Share on other sites
Megwyn 2 Posted May 16, 2012 Author Share Posted May 16, 2012 Wadaya mean not a racing tri? It was when we sailed it! With a head, a galley and sleeping accommodation for 4 (including a double bed ), she is somewhat less spartan than our last cruiser racer. Racing lines with minimalist cruising? But then, TVS is truely minimalist. That is a racing tri. RO is now a fast minimalist cruiser. Link to post Share on other sites
Atom Ant 0 Posted May 16, 2012 Share Posted May 16, 2012 It's got about the same amount of interior room as TVS - well not really, but yes TVS is truly minimalist. How did you get 4 bunks in there? It slept 3 when I last looked or is the one under the cockpit a double when stacked vertically? You're not allowed to count the hammocks on each tramp Link to post Share on other sites
Megwyn 2 Posted May 16, 2012 Author Share Posted May 16, 2012 AA - there is one f'ward - the bunk covers the head, then the one under the cockpit, "the coffin" as our Ogre called it, and the double to port. If I count the tramps, I got another 4! Of course, if you put a body in every possible berth, (including the tramps) you would need to store the sails in the dingy and cockpit. Link to post Share on other sites
Atom Ant 0 Posted May 16, 2012 Share Posted May 16, 2012 Ah yes, had forgotten about the one over the bog - I'll take the tramp hammock please Link to post Share on other sites
Megwyn 2 Posted May 17, 2012 Author Share Posted May 17, 2012 Ah yes, had forgotten about the one over the bog - I'll take the tramp hammock please No probs buddy. It's all yours. Even got a tent for cover that you can use too if you want. When you and Mrs AA finally get down this way. OR You could just use the spare room. Link to post Share on other sites
Hurts 6 Posted May 18, 2012 Share Posted May 18, 2012 To get back on topic and away from Megwyn and AA's sleeping arrangements... I have now managed to secure full insurance (including racing) for my Trailered Tri. The racing insurance has a high excess so I'm going to be EXTREMELY reluctant to claim but it's nice to have in case of serious mega disaster... Apparently a Tri on a swing mooring is impossible. Link to post Share on other sites
Tim C 23 Posted May 18, 2012 Share Posted May 18, 2012 I would agree from my research. It is possible to get some coverage, but not for capsize or on a swing mooring. I'm guessing within 12 months not a boat in NZ on a swing mooring will be insured, judging from my research! This should concern us all as a boating community. It means that moorings have to get stronger and more reliable, and owners have to be more careful with chafe. But also insurers have to be a bit more picky than just not insuring on swing moorings. Some degree of research into which harbours are relatively safe, and which are not. Marinas aren't the guaranteed answer either. Look what happened in Lyttleton, when the marina collapsed, and what happens overseas to marinas in cyclones. Also, there are many minor claims there from collisions berthing. The capsize risk is a knee jerk one too. Why are launches and keel yachts, that make no attempt to have watertight bulkheads or areas, still insured for sinking??? A capsize typically means a salvage, but not a total loss. Nobody wants to capsize. It should be an insurable risk on non extreme multihulls. Link to post Share on other sites
GregW 28 Posted May 18, 2012 Share Posted May 18, 2012 Apparently a Tri on a swing mooring is impossible. I've heard this before. Can any of the insurance gurus explain why this is? Or why a tri is not OK on a swing mooring but a cat or mono presumably is (or has been up until now noting Tim C's comment). Link to post Share on other sites
Guest Posted June 30, 2012 Share Posted June 30, 2012 Hi guys my mate just got insurance last week for his 11 mtr cat , it lives on a mooring next to mine, using AON insurance and no survey needed !! Link to post Share on other sites
johnMi 2 Posted September 27, 2012 Share Posted September 27, 2012 I've just been told that Putiki Express is now no longer insured. Bailey Insurance has done a great job looking all over the place for me, but unless it's over about $150,000, no luck. Not even for third party. My recent dismasting caused by NZ Rigging's incompetence hasn't helped this at all. If ever you put a multi in the water, DON'T use NZ Rigging. Apart from the less than adequate service, the cost of repairs, I really don't think they know what they are doing when it comes to designing Multi rigs. I'm not that worried about the cost of my boat, it's not worth that much, but if I damage another boat, that could be a bit more serious. It also mean's I can't leave the boat in a marina for a week or two over holidays. This could very well put a curb on more multis going into the water. I wonder how Ian Farrier will get on selling his F22's in NZ? Link to post Share on other sites
Marshy 30 Posted September 27, 2012 Share Posted September 27, 2012 Have you had a chat to Dan from PIC Insurance? (The guys that gave away a new Gennaker to Hooters in the BMW regatta) They are a broker that is very happy to search around and sort underwriters that do Multi's. If you havent already John it would be worth a shot, Tell him i told ya he would sort you out. Dan Garner - (09) 274 5751 daniel@pic.co.nz www.pic.co.nz Link to post Share on other sites
B00B00 310 Posted September 27, 2012 Share Posted September 27, 2012 I've just been told that Putiki Express is now no longer insured. Bailey Insurance has done a great job looking all over the place for me, but unless it's over about $150,000, no luck. Not even for third party. My recent dismasting caused by NZ Rigging's incompetence hasn't helped this at all. If ever you put a multi in the water, DON'T use NZ Rigging. Apart from the less than adequate service, the cost of repairs, I really don't think they know what they are doing when it comes to designing Multi rigs. I'm not that worried about the cost of my boat, it's not worth that much, but if I damage another boat, that could be a bit more serious. It also mean's I can't leave the boat in a marina for a week or two over holidays. This could very well put a curb on more multis going into the water. I wonder how Ian Farrier will get on selling his F22's in NZ? I think we should all be seriously worried about your lack of 3rd party insurance John.... Na seriously that's no good at all. Not good for the whole scene if people cant get insurance. Link to post Share on other sites
johnMi 2 Posted September 27, 2012 Share Posted September 27, 2012 Thanks Marshy, will give him a ring. I guess the options for me is to just race and worry about the consequences of hitting another boat when it happens. The way I see it is that if I do damage to another boat (and being responsible), I will be willing to pay their excess to the owner and let their insurance company take me to court. I will plead guilty and destitute, and offer to pay say $50 a month, (the cost of an annual insurance cover) until the amount is paid off. After all it's the insurance co's that are forcing me to sail without third party. Booboo, just as well you're no longer racing in the same races I'm in Link to post Share on other sites
Guest Posted September 27, 2012 Share Posted September 27, 2012 Yes he is john on samins boat. which would look worse with a scratch on it that the rental would. anyway i second marshy's call dan is great and they sponser the class. get behind them Link to post Share on other sites
samin 0 Posted September 28, 2012 Share Posted September 28, 2012 I've just been told that Putiki Express is now no longer insured. Bailey Insurance has done a great job looking all over the place for me, but unless it's over about $150,000, no luck. Not even for third party. My recent dismasting caused by NZ Rigging's incompetence hasn't helped this at all. If ever you put a multi in the water, DON'T use NZ Rigging. Apart from the less than adequate service, the cost of repairs, I really don't think they know what they are doing when it comes to designing Multi rigs. I'm not that worried about the cost of my boat, it's not worth that much, but if I damage another boat, that could be a bit more serious. It also mean's I can't leave the boat in a marina for a week or two over holidays. This could very well put a curb on more multis going into the water. I wonder how Ian Farrier will get on selling his F22's in NZ? I dont understand why 3rd party is harder to get for a Multi than a mono Link to post Share on other sites
Recommended Posts
Archived
This topic is now archived and is closed to further replies.