Adrianp 124 Posted January 26, 2010 Share Posted January 26, 2010 Hey All, just a word of warning to those with NZI boat insurance that they have changed their policy and now only cover non spinnaker racing and you need an additional racing cover if your racing with extras. I only discovered this on the off chance and non of my mates who are with NZI knew that this had been change too. Did anyone get any notice? Link to post Share on other sites
Young Entertainer 61 Posted January 26, 2010 Share Posted January 26, 2010 back in the Coyote days we had NZI and had to have "Normal Insurance" and then racing cover, the cost was the same as others all up but if you didn't need the race cover it would have been quite a bit cheaper. We were through a broker so they explained to us the options Link to post Share on other sites
Megwyn 2 Posted January 26, 2010 Share Posted January 26, 2010 Hey All, just a word of warning to those with NZI boat insurance that they have changed their policy and now only cover non spinnaker racing and you need an additional racing cover if your racing with extras. Spinnakers are extras? Wow - I thought if your boat was designed to be sailed with a spinnaker it would not be an extra. . . I guess the gennie is an extra too. What about a genoa? And to add to that - if your boat is designed to race with 4 gorillas on the rail and you have 6 - are you not covered also? Or - if the above is true, and you are racing short handed - like only one gorilla on the rail - covered or not? Food for thought . . . Link to post Share on other sites
MrWolf 0 Posted January 27, 2010 Share Posted January 27, 2010 Megwyn that is a picture of Aihe, isn't it, as your monicker/avatar? what is the story ? Last time I raced Aihe she won the round Waiheke race on Handicap. Link to post Share on other sites
Megwyn 2 Posted January 27, 2010 Share Posted January 27, 2010 Megwyn that is a picture of Aihe, isn't it, as your monicker/avatar? what is the story ? Last time I raced Aihe she won the round Waiheke race on Handicap. Yes Mr Wolf - it is Aihe - excellent spotting! The story is not at all exciting - unfortunately. A couple of years ago, she caught my attention - she was advertised on TM. We noted that she was in Whangamata harbour in the photos, and then noted that indeed she was still there. When staying at Whanga, I took my kayak out one morning and paddled around her - I was really impressed. Would have loved to take a closer look at her, but would only have been tyre kicking as we did not have the money to buy her. We were hoping she would remain on the market until we did have the money, but unfortunately she either sold, or was taken off the market. I note she is no longer in Whanga's. I have her as my avatar, because she is, at the moment, my dream boat. If you know how we can get our hands on her when we sell our house, I would be the happiest person on the planet. Bonus - the boss loves her too! Link to post Share on other sites
tuffyluffy 76 Posted January 28, 2010 Share Posted January 28, 2010 Cheers for the tip HnF. I hadnt heard anything about it. My NZI policy is due for renewal in a month or two so i might pay attention to the fine print and shop around before/if I resign. Mucho gracias Link to post Share on other sites
Young Entertainer 61 Posted January 28, 2010 Share Posted January 28, 2010 if you are coming up for renewal then get a specialist marine broker to quote you, most people I have spoken to since are suprised that we could get a 30k boat insured for $110 a year, our racing premium was an additional 100% on top but still the total was cheaper than most and that was with NZI Link to post Share on other sites
tuffyluffy 76 Posted January 28, 2010 Share Posted January 28, 2010 if you are coming up for renewal then get a specialist marine broker to quote you, most people I have spoken to since are suprised that we could get a 30k boat insured for $110 a year, our racing premium was an additional 100% on top but still the total was cheaper than most and that was with NZI $200K, 44ft cruiser/racer on a marina. How much? Link to post Share on other sites
Young Entertainer 61 Posted January 28, 2010 Share Posted January 28, 2010 pass, but if you want to speak to the guy I deal with his name is Daniel at PIC Marine insurance, not sure of his number but I think ther eis a link ot there website from the BOT regatta page as a sponsor Link to post Share on other sites
ScottiE 174 Posted January 29, 2010 Share Posted January 29, 2010 If you know how we can get our hands on her when we sell our house, I would be the happiest person on the planet. see my post on the multi forum Link to post Share on other sites
Guest Posted February 2, 2010 Share Posted February 2, 2010 I am a Broker and I would certainly suggest speaking to yours about your Cover. There are many options and all look at different classes of risk based on their own past history, Some like Multis, some don't, some like racing, some love it, others do not understand it. So depends on what you are doing and where you are Moored/Berthed. Of course your own history will have an effect on rates as well If you want to save a bob, talk various excess etc. Link to post Share on other sites
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