Craftinsure.com

[fuzzyduck]

I'm in agreement with you partially John.

 

However wouldn't it be nice if you could put up a thread entitled.

 

"My Ledgard Bridge Boat's done sommat Weird"

 

and Gary would pop up and say "that's because you're not supposed to grease it with duck fat"

 

then anyone in the future who had a ledgard bridge boat who'd inadertantly greased it with duck fat would have a definitive Avain Lard solution.

[tomsk]

I'm in agreement with you partially John.

 

However wouldn't it be nice if you could put up a thread entitled.

 

"My Ledgard Bridge Boat's done sommat Weird"

 

and Gary would pop up and say "that's because you're not supposed to grease it with duck fat"

 

then anyone in the future who had a ledgard bridge boat who'd inadertantly greased it with duck fat would have a definitive Avain Lard solution.

 

Cool Duck dude

[lymmranger]

I have worked in the Insurance Industry for the last God knows how many years.

 

Because the FSA are so snotty these days I do my most of my web surfingf as "Lymmranger" - Yes they can be that petty and people have had their "authorisation" removed!!!!!

 

There are two sides to the Insurance coin.........

 

When writing a policy you liken it to building a solid brick wall, you then decide which bricks tro remove, i.e. in what circumstances would you like people to claim........

 

Now some policies do not have many missing bricks.........................

 

Most of the recognised Insurers offer a fair policy for a fair premium - what more needs to be said?

 

My personal gripe is the "moving of the goal posts" once the cheque has been cashed which I am adamant is tantamount to misselling!

 

Yes it happened to me!

 

I "bought" online (having filled online prop form), was quoted, accepted, sent cheque, cheque cashed received hard copy prop form, filled in and signed a hard copy prop form, sent back and....... surprise, surprise - oh we are not happy, want this info want that info, want full survey, etc etc

 

I always stick to my quotes........ why cant they????????????

 

Just a hint, check the FSA website and search for your potential Insurer..... it is surprisingly informative!

 

Edited December 2, 2006 by lymmranger

[blackrose]

I don't mind having company reps on the site, after all what better way to test public perception of the company. They open themselves up for any criticism and anyone with a bad experience can openly slag them off to their face.

 

I talked to a guy today who told me that any claim coming into an insurance company is immediatly considered fraudulant until demonstrated to be otherwise! Nice to know they care...

Edited December 2, 2006 by blackrose

[blackrose]

... and boat insurance is so relatively cheap I suspect there are very few claims.

 

I didn't understand the correlation between price of premium and amount of claims made. Anyway, I don't know who you're insured with but my fully comp boat insurance is not cheap at all - more expensive than many peoples house insurance.

Edited December 2, 2006 by blackrose

[Serendipity]

I didn't understand the correlation between price of premium and amount of claims made. Anyway, I don't know who you're insured with but my fully comp boat insurance is not cheap at all - more expensive than many peoples house insurance.

 

 

£150 - yet my fully comp house insurance is £450 - i'm sure being marina based has a lot to do with the low premium though.

[Chertsey]

I didn't understand the correlation between price of premium and amount of claims made. Anyway, I don't know who you're insured with but my fully comp boat insurance is not cheap at all - more expensive than many peoples house insurance.

 

 

The more likely the insurance company thinks you are to claim, the higher the premium will be. This is how they make their money. It's why eighteen year old boys pay higher car insurance premiums than fifty year old female vicars, because statistically they have been shown to have far more accidents. This has always seemed a bit off to me, in that insurance is ideally meant to be about spreading the risk more evenly across the population, but I suppose as a beneficiary I can't complain too much (and no, I'm not a vicar!!). Insurance companies have teams of actuaries whose sole job is to work out the relative risk of various things happening so they can set the premiums accordingly.

 

Boat insurance and house insurance are both cheap compared to car insurance, especially when you consider it in relation to the value of the asset. Because across the country, lots more bad things happen in and to cars than to either houses or boats. The last time there were a lot of claims on houses/buildings insurance, following the storms on the south coast in 1987, the insurance industry lost a lot of money precisely because they weren't expecting it. And I'm insured with Craftinsure, of course (and Churchill for house and car).

[John Orentas]

I don't have any kind of problem with the principle that premiums should be based on risk, certainly motor insurance is done in that way and on a very individual level, it always has been in my recollection. I do often get the feeling however that the general levels are set more on what the market will bare. Many forms of insurance do not seem to discriminate at all, a couple of years ago I had a frank exchange of views with one of the regulars in my local.

 

He was loudly proclaiming that he had been in a dispute with his insurance company over a claim he had made on his holiday insurance, it seem his teenage daughter has lost a gold necklace valued at several hundred pounds in the hotel swimming pool, "But I made them pay" he announced triumphantly.

 

I interrupted his conversation and told him that anyone who is irresponsible enough to wear expensive jewelry in a hotel swimming pool deserves to lose it, I also corrected his statement "But you made US pay", the company will simply increase the cost of all premiums to compensate for the stupidity of one person. Premiums for families with silly teenagers should be loaded, jewelry should not be covered as it can never be proved that it was lost in the first place, an invitation for fraud.

Edited December 3, 2006 by John Orentas

[tomsk]

Insurance is just a bet, simple as that. The Insurer takes a gamble on the chance of you making a claim within the period of cover.

 

Thats that really, but as with turf accountancy and casinos, the odds are weighted in their favour or a point or two is clipped off the 'price'.

 

The more fraudulent or just plain silly claims that are submitted, the higher the premiums need to be to cover the cost of claims.

 

It is not the insurers money that is at risk, it is the pot of other peoples premiums out of which the insurer needs to makes a profit.

 

As with bookmakers, if they take a heavy hit they just shave the price/up the premiums.

 

I don't know much about underwriters or re-insurance, but I think it is just the same game but at higher stakes, laying off risk in the same way, that is if your bookie/insurer is overexposed to a particular horse/risk, they will share the risk by placing bets themselves.

[carlt]

It's so nice not having all these problems of insurance and so on. I can't get comprehensive insurance for my boats (if you don't know why photo's are in the gallery somewhere) and only one company will give me Third Party (and wreck salvage) insurance. Basic Boat liability. No complications easy. And my boat contents are covered by my household insurance.

[Ernie]

We too use Craftinsure but have never claimed.

 

But (without wanting to tempt fate here...) am I unusual in having boat insurance (like car insurance) more because I HAVE to (for licence, mooring etc) than because I think I might actually need to claim on it? My general view is by and large that insurance is an enormous scam; the only sort the insurance companies want to sell you is the sort you'll never claim on (e.g. extended warranties) or the sort that's so hedged about with conditions you can't claim even if you thought you could (e.g. unemployment). So the only insurance policies I have are the ones that I'm obliged to by law or commercial or other conditions - and I resent that. (I particularly resent that the law requires me to put money into the coffers of private profit-making organisations if I want to drive a car. If the state demands it, the state should provide it!). So I always buy the cheapest I can get away with and face the fact that if something dreadful happens I may have to stand on my own two feet ...

 

Now a thunderbolt will strike my house, car and boats simultaneously ...

Hi WarriorWoman,

 

I just came through Braunston this morning and passed a burnt out boat in a very sorry looking state. It's when I see things like that that I am happier to pay for insurrance. It is the second burnt out boat that I have passed in the last month - accidents can and do happen.....

[Ernie]

 

Hi there

 

Thank you for the testimonial.

 

Craftinsure's policies are underwritten by Navigators & General (part of Zurich Group and what used to be Eagle Star).

 

Craftinsure are an internet business and their policies are all issued via the website at www.craftinsure.com where you can check the comprehensive cover before you buy, by clicking on a yellow icon marked "sample policy".

 

We recently paid a £90,000 claim within 18 days of the loss which demonstrates that the internet and email hugely accelerates claims handling as well as assisting with delivery of documents and cover when simply purchasing insurance cover online.

 

Kind regards

 

Mark Lee - MD Craftinsure Ltd

Mark Lee - MD Craftinsure Ltd

Based on the fact that something like 700 people have looked at this tread and none of them had anything bad to report about your company, and also, that you yourself openly responded, you will be geting some of my hard earned cash within the next few days - thanks.

 

And thanks to all for taking the time to comment - fuzzyduck, put your matches away!!!

[Ernie]

Now insured with CraftInsure.com. took less than two minutes to set it up online. Nice and easy and I didn't have to tell them what I have for breakfast and what colour socks I ware on Sundays !!!!

[Supermalc]

Now insured with CraftInsure.com. took less than two minutes to set it up online. Nice and easy and I didn't have to tell them what I have for breakfast and what colour socks I ware on Sundays !!!!

 

Now that's what I call a sensible and satisfactory result. Also making this forum useful, AND entertaining

 

Also having an old boat, I too am with Basic Boat Liability Co.

[carlt]

Hi WarriorWoman,

 

I just came through Braunston this morning and passed a burnt out boat in a very sorry looking state. It's when I see things like that that I am happier to pay for insurrance. It is the second burnt out boat that I have passed in the last month - accidents can and do happen.....

 

Hello Ernie

 

My guess is the boat you passed is my very own Usk (I'm in wolfhampcote by the way, not Braunston). Looks can be very deceptive though as, unless you went past me on the last wooden steamer (currently employed as a pontoon near Dudley, I believe), you do not possess a boat I would swap for my 'burnt out boat in a sorry state'. The fire damage, whilst cosmetically a bit scary, has made Usk no less habitable, or canalworthy. What you don't see, through blinkered eyes, are the brand new tarpaulins, covering a very watertight, and pretty if I say so myself, t&g under -tarp conversion. You also couldn't see the oak framed windows on the bankside and , if the boat was turned the other way you might have peered in and seen me typing this on my laptop, whilst watching 'without a trace' on my colour telly through the freeview. Once I have finished this post I think I'll go and turn on the tap and make a cup of tea, or have a bath, or just stoke up the burner and go to bed. It's when I see boats like mine that I know there's more to life than worrying about insurance.

[chris w]

in my view public forums of this kind are not the place pedal your wares whether it be insurance policies or dodgy electronic black boxes.

I think that's very unfair of you John. The guy didn't try to hide his company or his name and the info he provided re the underwriters is very useful. His posting on here doesn't mean that I would therefore automatically buy from them but it would at least make me want to take a look at their website.

 

Then one makes up one's own mind. We're not automatons!

 

The original poster was aking for info - from all the posts including CI's MD he now has more than that with which he started.

 

Afterall, the MD could have come on here as a (bogus) new member under a pseudonym and told us as a "customer" how great they are.

 

Chris

[blackrose]

£150 - yet my fully comp house insurance is £450 - i'm sure being marina based has a lot to do with the low premium though.

 

My boat insurance is about £350, but I'm underinsured and was quoted more than your house insurance to get it up to what it should be (it's value rises as I'm fiting it out). I'm in a marina too - seems to make no difference. I got a quote from Craftinsure which got it down to less than £400.

Edited December 4, 2006 by blackrose

[Serendipity]

My boat insurance is about £350, but I'm underinsured and was quoted more than your house insurance to get it up to what it should be (it's value rises as I'm fiting it out). I'm in a marina too - seems to make no difference. I got a quote from Craftinsure which got it down to less than £400.

 

Blackrose - You've probably hit the nail on the head with value, which in your case will be a lot more than my £30k (Noble Marine BTW), and, sorry, now i've actually looked it's £150 + tax so £165.

 

Different insurers perceive risk differently, and so one mustn't assume that as they're cheap for someone else it'll be cheap for them. There could be something in the profile of your proposal that one company, doesn't mind, but another marks up as a high risk - so always important to shop around for your individual requirements even if you've heard 'X' is generally cheapest.

Edited December 5, 2006 by Serendipity

[allybsc]

I think that's very unfair of you John. The guy didn't try to hide his company or his name and the info he provided re the underwriters is very useful. His posting on here doesn't mean that I would therefore automatically buy from them but it would at least make me want to take a look at their website.

 

Then one makes up one's own mind. We're not automatons!

 

The original poster was aking for info - from all the posts including CI's MD he now has more than that with which he started.

 

Afterall, the MD could have come on here as a (bogus) new member under a pseudonym and told us as a "customer" how great they are.

 

Chris

 

I agree, it's about time we were a bit nicer to our occasional visitors who provide us with something or other. I am with craftinsure and have had spoken to them on the phone and found there service to be efficient and curteous.

[blackrose]

Blackrose - You've probably hit the nail on the head with value, which in your case will be a lot more than my £30k (Noble Marine BTW), and, sorry, now i've actually looked it's £150 + tax so £165.

 

Different insurers perceive risk differently, and so one mustn't assume that as they're cheap for someone else it'll be cheap for them. There could be something in the profile of your proposal that one company, doesn't mind, but another marks up as a high risk - so always important to shop around for your individual requirements even if you've heard 'X' is generally cheapest.

 

Well I've got tidal access included, but then I think most policies do. I'm not sure if me living on board increases the premium. I think it's basically the boat's value of £65k (which I want to increase to £85k) that makes my policy expensive.

Edited December 5, 2006 by blackrose

[Serendipity]

Well I've got tidal access included, but then I think most policies do. I'm not sure if me living on board increases the premium. I think it's basically the boat's value of £65k (which I want to increase to £85k) that makes my policy expensive.

 

Yes, I have tidal access. I don't know what the insurers view is on living aboard vis a vis increased or reduced risk (perhaps one of the two who drop in here could enlighten us), but essentially your craft value is getting on for three times mine, so I agree that that's got to account for most of the difference in premium.

Edited December 5, 2006 by Serendipity

[Ernie]

Hello Ernie

 

My guess is the boat you passed is my very own Usk (I'm in wolfhampcote by the way, not Braunston). Looks can be very deceptive though as, unless you went past me on the last wooden steamer (currently employed as a pontoon near Dudley, I believe), you do not possess a boat I would swap for my 'burnt out boat in a sorry state'. The fire damage, whilst cosmetically a bit scary, has made Usk no less habitable, or canalworthy. What you don't see, through blinkered eyes, are the brand new tarpaulins, covering a very watertight, and pretty if I say so myself, t&g under -tarp conversion. You also couldn't see the oak framed windows on the bankside and , if the boat was turned the other way you might have peered in and seen me typing this on my laptop, whilst watching 'without a trace' on my colour telly through the freeview. Once I have finished this post I think I'll go and turn on the tap and make a cup of tea, or have a bath, or just stoke up the burner and go to bed. It's when I see boats like mine that I know there's more to life than worrying about insurance.

Helo carlt,

I think we are talking about very different boats here. The boat I passed yesterday morning was on the towpath side and was of all steel, fairly modern design.

I believe I know your boat, looks like it suffered an engine fire at some point in time if it is the one I am thinking of. Moored close to Wild Mink (Braunston side of the bridge)??

The boat I referred to is moored about 400 yards to the West of you and on the opposite side of the canal from you, it’s just past the winding hole.

The last time I passed through Braunston, around a month ago, there was another boat moored up opposite the hire boat fleet and it also looked like it had been totally gutted by fire. This boat was also of all steel construction and of modern design.

 

So, carlt, my comments were not intended to be derogatory of yours or any body else’s boat and I certainly can’t understand how you managed to take offence at my comments. My comment (I just came through Braunston this morning and passed a burnt out boat in a very sorry looking state. It's when I see things like that that I am happier to pay for insurance. It is the second burnt out boat that I have passed in the last month - accidents can and do happen.....) was simply that I had passed a boat that had been severely damaged by fire. If my comments have offended you, I apologise.

[carlt]

Helo carlt,

I think we are talking about very different boats here. The boat I passed yesterday morning was on the towpath side and was of all steel, fairly modern design.

I believe I know your boat, looks like it suffered an engine fire at some point in time if it is the one I am thinking of. Moored close to Wild Mink (Braunston side of the bridge)??

The boat I referred to is moored about 400 yards to the West of you and on the opposite side of the canal from you, it’s just past the winding hole.

The last time I passed through Braunston, around a month ago, there was another boat moored up opposite the hire boat fleet and it also looked like it had been totally gutted by fire. This boat was also of all steel construction and of modern design.

 

So, carlt, my comments were not intended to be derogatory of yours or any body else’s boat and I certainly can’t understand how you managed to take offence at my comments. My comment (I just came through Braunston this morning and passed a burnt out boat in a very sorry looking state. It's when I see things like that that I am happier to pay for insurance. It is the second burnt out boat that I have passed in the last month - accidents can and do happen.....) was simply that I had passed a boat that had been severely damaged by fire. If my comments have offended you, I apologise.

 

Sorry Ernie, you certainly didn't offend me. It's just some people get an inaccurate impression of how I live because all they see is the fire damage (and partly/unrestored boats) My comments were meant to be amusing rather than outraged. Some of the the comments I get are very funny (though possibly offensive to some) for example, one nice day this summer I was sat in the garden with friends and my partner was getting off the boat with a tray of drinks, a boat was passing and someone piped up 'ooh look they're managing to feed themselves'. I invited them to moor up and have a drink and I gave them a tour of my boats. They were amazed and honestly expected truly awful conditions.

 

So no offence taken whatsoever and no apology required.

[allybsc]

someone piped up 'ooh look they're managing to feed themselves'.

 

I actually guffawed out loud at that My kids think I've lost the plot!!! I understand that one, I used to live in a wooden house in a small country town, untill they got to know us the locals thoought we were only a set of wheels short of being new age travellers.

[SimonH]

Hi all, just found this forum and have been reading some very interesting threads.

Felt I had to reply on this topic, so I have registered, even though I am a GRP owner and not on the canal system.

 

I have used Craftinsure for three years now and have successfully made a claim with no problems at all. The biggest problem I had was getting the marina and others to supply quotes - in the end I authorised the work and then submitted the claim amount. I was paid even though I had technically not followed the process - it was dragging on with those that had promised the quotes not delivering. Luckily for me they were not hard nosed about this as I had a) registered the claim and submitted photos of the damage prior to authorising the work.

 

As this was my first ever insurance claim - boats, cars, house etc I was quite surprised at their helpfulness when I explained the situation - you see so much bad press about insurance companies avoiding their obligations if they can find a get out clause

 

I gladly recommend them even though my insurance levels have jumped somewhat since the claim, but hey thats life

 

Simon

 

ps No I ain't on commission nor have anything to do with Craftinsure apart from being a customer - who would like his premiums reduced