I asked a mate at the Marina who built his 40ft Ferro, here in Adelaide in the 70's and Sailed the World since..
He looked at Club Marine, but went back to Edward William Brokers who use Ion Insurance..
He said there has been a bit of bad publicity for ED in the past, but he personally knows of people that have made claims without any issues and knows of 1 case a claim was not paid..
Probably worth looking into...


Cheers, Mike..