Carwyn Posted September 27, 2020 Report Share Posted September 27, 2020 I am new to this site and am looking for advice on who to contact for boat insurance. We are looking to insure a 45' narrowboat, 1972, what can I expect to pay? Link to comment Share on other sites More sharing options...
Carwyn Posted September 27, 2020 Author Report Share Posted September 27, 2020 Ok, As I said I am new and just found the thread for insurance. I'll check it out. Thanks Link to comment Share on other sites More sharing options...
ditchcrawler Posted September 27, 2020 Report Share Posted September 27, 2020 8 minutes ago, Carwyn said: Ok, As I said I am new and just found the thread for insurance. I'll check it out. Thanks £150 to £250 a year seems to cover most boats 1 Link to comment Share on other sites More sharing options...
LadyG Posted September 28, 2020 Report Share Posted September 28, 2020 (edited) I use Craftinsure which is online only, by increasing excess to £300 from £250 , the monthly premium dropped , in spite of increasing value I hope I never have to claim, but I am comprehensive, rather than tbird party only. Approx £120pa Edited September 28, 2020 by LadyG 2 Link to comment Share on other sites More sharing options...
christyschuster Posted November 1, 2020 Report Share Posted November 1, 2020 Everyone must have boat insurance. Link to comment Share on other sites More sharing options...
LadyG Posted November 1, 2020 Report Share Posted November 1, 2020 (edited) 43 minutes ago, christyschuster said: Everyone must have boat insurance. Sigh. Edited November 1, 2020 by LadyG Link to comment Share on other sites More sharing options...
Jonkx Posted February 1, 2021 Report Share Posted February 1, 2021 Craftinsure or Towergate, if the price is about the same, does anyone have any preferences? Good or bad experiences in event of a claim? Link to comment Share on other sites More sharing options...
OldGoat Posted February 2, 2021 Report Share Posted February 2, 2021 12 hours ago, Jonkx said: Craftinsure or Towergate, if the price is about the same, does anyone have any preferences? Good or bad experiences in event of a claim? They are both connected in some way - as far as I can see. Happy to take your money - but quick to lambast you if you transgress (= have difficulty in geting a survey). They are really just brokers - the underlying cover is held by some German-Swiss outfit. 'All' the oher companies gave up some time ago - it's too small a market.. Link to comment Share on other sites More sharing options...
Keeping Up Posted February 2, 2021 Report Share Posted February 2, 2021 12 hours ago, Jonkx said: Craftinsure or Towergate, if the price is about the same, does anyone have any preferences? Good or bad experiences in event of a claim? I use Towergate, I found them very good when I had to claim from them twice (in the same month even). Their legal assistance however was completely useless; they had plenty of experience of other types of boating but couldn't understand about narrow boats. 1 Link to comment Share on other sites More sharing options...
Jonkx Posted February 2, 2021 Report Share Posted February 2, 2021 Thanks alot both. As far as I can tell the policies are fairly similar. Craftinsure come out a fair bit cheaper, and I've been with them 4 years so will probably stick with them. Link to comment Share on other sites More sharing options...
OldGoat Posted February 2, 2021 Report Share Posted February 2, 2021 15 minutes ago, Keeping Up said: I use Towergate, I found them very good when I had to claim from them twice (in the same month even). Their legal assistance however was completely useless; they had plenty of experience of other types of boating but couldn't understand about narrow boats. Agree - same experience here. Nice people on the phone, but they don't understand their market. To be fair none of the others do either!! 2 minutes ago, Jonkx said: Thanks alot both. As far as I can tell the policies are fairly similar. Craftinsure come out a fair bit cheaper, and I've been with them 4 years so will probably stick with them. Sensible - the devil you know..... 1 Link to comment Share on other sites More sharing options...
rgreg Posted February 2, 2021 Report Share Posted February 2, 2021 1 hour ago, Jonkx said: Thanks alot both. As far as I can tell the policies are fairly similar. Craftinsure come out a fair bit cheaper, and I've been with them 4 years so will probably stick with them. One thing that impresses me with Craftinsure is how little, if any, my premium has changed each year and has even reduced before without my intervention. It's one of the few insurance policies that I just renew each year and never bother to shop around. 1 Link to comment Share on other sites More sharing options...
Laurie Booth Posted February 2, 2021 Report Share Posted February 2, 2021 On 01/11/2020 at 22:24, christyschuster said: Everyone must have boat insurance. Why ? Link to comment Share on other sites More sharing options...
David Mack Posted February 2, 2021 Report Share Posted February 2, 2021 1 hour ago, Keeping Up said: I use Towergate, I found them very good when I had to claim from them twice (in the same month even). Their legal assistance however was completely useless; they had plenty of experience of other types of boating but couldn't understand about narrow boats. When Michael Stimpson was with them they knew the canal market. No longer the case. 2 Link to comment Share on other sites More sharing options...
ditchcrawler Posted February 2, 2021 Report Share Posted February 2, 2021 Is anyone using Michael Stimpson now? Link to comment Share on other sites More sharing options...
David Mack Posted February 2, 2021 Report Share Posted February 2, 2021 Yes. He's now with Circle Marine. Seems to be very low profile though. michael.stimpson@circlemarine.co.uk Link to comment Share on other sites More sharing options...
Alan de Enfield Posted February 2, 2021 Report Share Posted February 2, 2021 50 minutes ago, Laurie Booth I.S.M. said: Why ? You don't need insurance 'on the sea'. Link to comment Share on other sites More sharing options...
ditchcrawler Posted February 2, 2021 Report Share Posted February 2, 2021 41 minutes ago, David Mack said: Yes. He's now with Circle Marine. Seems to be very low profile though. michael.stimpson@circlemarine.co.uk Does that offer better cover, Link to comment Share on other sites More sharing options...
DHutch Posted February 2, 2021 Report Share Posted February 2, 2021 6 hours ago, Jonkx said: ....As far as I can tell the policies are fairly similar. ... As I understand it, almost all policies applicable to our boats are back by the same single underwriter, therefore as you say, they are basically all quite similar, including the requirements for regular out of water surveys for older boats. Daniel Link to comment Share on other sites More sharing options...
Machpoint005 Posted February 2, 2021 Report Share Posted February 2, 2021 7 hours ago, OldGoat said: They are both connected in some way - as far as I can see. Happy to take your money - but quick to lambast you if you transgress (= have difficulty in geting a survey). They are really just brokers - the underlying cover is held by some German-Swiss outfit. 'All' the oher companies gave up some time ago - it's too small a market.. My Craftinsure policy is underwritten by Zurich Insurance, based in Dublin. That would seem to make them a Swiss-Irish outfit. The Fareham, Hants address is described as a "branch office". Link to comment Share on other sites More sharing options...
dmr Posted February 2, 2021 Report Share Posted February 2, 2021 9 hours ago, David Mack said: When Michael Stimpson was with them they knew the canal market. No longer the case. They certainly lost their way very badly but appear to be making a real effort to get back into the boat business and effort and enthusiasm do partly compensate for a lack of expertise. .................Dave Link to comment Share on other sites More sharing options...
Ex Brummie Posted February 2, 2021 Report Share Posted February 2, 2021 I suspect that generally, boat insurance is relatively low risk for underwriters, so compared with car insurance, where the scammers have so much more opportunity, it is a better bet, but relatively low turnover, so less players in the field. Link to comment Share on other sites More sharing options...
Alan de Enfield Posted February 2, 2021 Report Share Posted February 2, 2021 (edited) 33 minutes ago, Ex Brummie said: I suspect that generally, boat insurance is relatively low risk for underwriters, It may well be that UK Inland waterways boats are low risk, but to lump them in with 'boat insurance' and it will be anything but low risk. I recently posted extracts from my renewal notice that quoted communications from Lloyds of London explaining they were changing some of the 'rules' on marine insurance due to continuing decling value of premiums (price cutting) and record claims. Now every company has to provide a business plan to Lloyds explaining how they can achieve sustainable business levels, and this has to be accepted by Lloyds before the provider can offer insurance. One of the extracts : For the first time in over 200 years Lloyds intervened in how insurers conduct business and special measures were imposed. The market has spiralled downwards to a fundamentally unsustainable level resulting in unsustainable losses compounded by catastrophic (storm) claims. A lot of companies have had their 'licence' revoked from this year. Edited February 2, 2021 by Alan de Enfield Link to comment Share on other sites More sharing options...
Machpoint005 Posted February 3, 2021 Report Share Posted February 3, 2021 We can't have the Lloyds "names" losing money, can we? Link to comment Share on other sites More sharing options...
Alan de Enfield Posted February 3, 2021 Report Share Posted February 3, 2021 3 minutes ago, Machpoint005 said: We can't have the Lloyds "names" losing money, can we? Very few people are in business to lose money. If you consider it to be such a lucrative business why don't you become a name' ? 1 Link to comment Share on other sites More sharing options...
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