Question on choice of boat insurances

[livaio]

I was looking around for boat insurance company to insure my upcoming boat and was wondering which company have a decent cover? Perhaps a reputable insurance company whereby you guys prefers..

Cheers

Richard

[bootyinblue]

Had my boats insured with Suncorp and the premiums kept climbing, along with their rules and regs. Their fine print said the boat had to be securely affixed to a non movable object when it wasnt being used. The boat was housed in a garage under the main roof of the house and was alarmed but they still wanted it chained to a dynabolt sunk in to the garage floor.

Now with RACQ, much cheaper and more reasonable in security precautions.

I have written about it before, read your policy carefully as something like that could be the catalyst to refuse or reduce your payout.

[faulked]

13.50$ a month to insure my daughters electric mored boat thanks racq

[Seiran]

I'm with RACQ. I haven't had to use them so I can't say anything positive or negative about them except to say the price was the best I could get.

[dirtridder]

i can't see any were in the pds or on my policy that is states that a boat locked up in a shed needs to be bolted down.

[bootyinblue]

I should be able to dig up the hard copy pds, but it was in there and that's what prompted my discussion with them. The online one now says on page 31 a big OR between the two.

Interestingly it also says that chains or cables and padlocks are NOT sufficient security if you boat is left anywhere other than a fully enclosed secured garage. You have to use a hitch clamp or wheel clamp or the like.

[woody1]

I already had a few policies with RACQ and they give good discounts for multiple policies, so when the boat came along it made sense to go with them, see if your car and home insulated offers discounts, if not it could be worth moving them all

[livaio]

Thanks for the reply guys.. Seems like RACQ gain a good share of votes here.. I was just planning to get the boat in my lock up garage and act as safety feature for the deckies on board..

[bootyinblue]

Good choice Richard, and as said multi policy discounts add up. I have 2Ihouses, 2 boats; car and some other business with them and can't fault them.

I know, a big call when talking about an insurance company.