Recently as every year I went through the pain of Googling etc getting boat insurance quotes and compiled a big list of insurers. There are a lot more than I thought. Quotes varied for my Martzcraft from $900 - $2300. Astonishing for the same boat in the same place. Anyway I compiled a list and posted it on the net (with a shameless commercial at the end which I hope I dont get booted for ).
Any else of us needing and insurance quote this will make it easier.

www.boatinsure.au

You've been referencing your Trek systems for years now

Insurance is only worthwhile if the claim gets paid. Having spent some time consulting in the industry, cheaper premiums correlate with less claim payments.
Yep, get the best deal you can, but buyer beware.
I went with the company with the best payment history, not always the cheapest.

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MorningBird said..
I went with the company with the best payment history, not always the cheapest.

I'm interested who that company is?

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EastCoastSail said..

MorningBird said..
I went with the company with the best payment history, not always the cheapest.

I'm interested who that company is?

I dont know who the best payer is but this is my insurance experience, btw its the first claim I have ever made on any insurance.

I put in a claim with Pantaineus for hail damage. Just got approved today with zero fuss, no excess and in only one day after I sent a quote to replace the damaged items.

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cammd said..

EastCoastSail said..

MorningBird said..
I went with the company with the best payment history, not always the cheapest.

I'm interested who that company is?

I dont know who the best payer is but this is my insurance experience, btw its the first claim I have ever made on any insurance.

I put in a claim with Pantaineus for hail damage. Just got approved today with zero fuss, no excess and in only one day after I sent a quote to replace to damaged items.

Encouraging - Just went with Pantaineus,as were prompt/professional with quote + on same page !

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EastCoastSail said..

MorningBird said..
I went with the company with the best payment history, not always the cheapest.

I'm interested who that company is?

Pantaineus at the time. It was 10 years ago.

Can I suggest the website could be improved by listing the marine insurance brokers that may assist if you have an older vessel, or are willing to accept smaller geographical regions or carbon masts etc.

For example I find Helm insurance to be competitive for an older boat (1981) on a swing mooring. I accept NSW only, but when I want to go further I change my policy (for example $200 extra for Tasmania cover for 90 days).

So far never made a claim, but I'm hoping the broker would work for me if an incident occurred.

You are quite right. But many I emailed didn't reply. I'll check up on that one!

I posted this question last week but it seems it was deleted. The question is does anyone know of an insurer for an older boat that does not insist on renewal of the rigging after 10 years. I only sail in sheltered waters, and the rigging looks good and is circa 12 years old.

My understanding is that if the rigging is older than 10 years the boat will be insured except for damage resulting from a rigging failure.
So for example if it catches fire and sinks your insured, if it loses the rig and runs aground as a result and sinks your not insured.

Best to check to be sure

Yara my understanding of my Pantanaeius policy is that you don't need to renew the rig but if you don't then the mast and rigging are not insured.

this is all well and good, but I'm not sure what would happen if the rig came down offshore causing a total loss. I intend to replace the rig at 10 years.

My Pantaenius policy PDS says:

s7. Rigging Exclusion
Unless otherwise stated in your Schedule, this Insurance does not cover any loss or damage caused by the failure of spars
or rigging (or parts thereof) which are made from wood, fibreglass or galvanized metal, or are a rotating rig, folding rig,
wing rig, unstayed rig, carbon rigs, or any rig where the standing rigging has not been replaced in full for over 10 years
unless such failure is proximately caused by impact, collision, grounding, fire, theft, lightning or total loss of the vessel.

As I read this (NB I am not an expert) your vessel is covered (subject to all the other Ts and Cs), even with rigging more than 10 years old, if the proximate cause is impact, collision, grounding, fire, theft, lightning or total loss of vessel. I take that also to mean that if the proximate cause is rigging failure when its more than 10 years old, then you're not covered.

There's lots of other stuff in the PDS, though not about rigging. Best to read the product disclosure statement and policy Ts and Cs as that's the only way to know when you're buying what you are and aren't covered for.