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Post by Cantab on Feb 15, 2023 17:36:50 GMT 12
Premium up 20% this year, excess up too.
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Post by ComfortZone on Feb 15, 2023 20:38:42 GMT 12
Premium up 20% this year, excess up too. and if your boat is over 30yrs old getting a new policy is becoming challenging. Vero will not write new policies for 30yr old boats. I am going thru the machinations at present of getting cover for offshore, that is a mission! |
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Insurance
Feb 16, 2023 8:44:39 GMT 12
via mobile
Post by Fogg on Feb 16, 2023 8:44:39 GMT 12
If you want offshore / non-standard cover your best option is Pataenius. Nearest local office is AUS but they service NZ (very well). Fogg is with them.
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Post by em on Feb 17, 2023 8:28:33 GMT 12
Have been on the hunt for a boat the last couple of months and keep hearing about these offshore companies that don’t require ….rig check , survey report , gas cert of compliance . What happens when you have a claim for say a fire and you have a califont that’s not up to code ? Or your rig fails through an obvious fault with a terminal fitting ? .
Then there’s the crowds who charge twice as much and require most or all of the above documentation are they a safer bet than the happy go lucky offshore mobs ?
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Post by chariot on Feb 17, 2023 8:49:51 GMT 12
Going through the same exercise myself at the moment. Mariner are prepared to insure older boats with full survey but I havn't completed their purchase info docs so don't have an indication of cost yet.
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Post by em on Feb 17, 2023 8:53:39 GMT 12
Going through the same exercise myself at the moment. Mariner are prepared to insure older boats with full survey but I havn't completed their purchase info docs so don't have an indication of cost yet. They are expensive, got a quote for $2600 PA for local use and racing cover |
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Post by ComfortZone on Feb 17, 2023 9:15:19 GMT 12
Going through the same exercise myself at the moment. Mariner are prepared to insure older boats with full survey but I havn't completed their purchase info docs so don't have an indication of cost yet. Vero is Mariner's underwriter so I would be very surprised if the 30yr limit is not applied. If the boat in question is older you want to ask the question. Mate of mine had good expereince with Bay Brokers who use Ando. There is also the Marina Shop in Opua who have access to a couple of other underwriters |
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Insurance
Feb 17, 2023 9:16:58 GMT 12
via mobile
Post by Fogg on Feb 17, 2023 9:16:58 GMT 12
Have been on the hunt for a boat the last couple of months and keep hearing about these offshore companies that don’t require ….rig check , survey report , gas cert of compliance . What happens when you have a claim for say a fire and you have a califont that’s not up to code ? Or your rig fails through an obvious fault with a terminal fitting ? . Then there’s the crowds who charge twice as much and require most or all of the above documentation are they a safer bet than the happy go lucky offshore mobs ? Errr, I think you need to reassess your definition of Pantaenius as a “happy-go-lucky offshore crowd”!!! They are one of the oldest global marine insurers in the market. They tend to look after the more demanding customers with non-standard requirements - like sailing offshore etc. They have a small operation in Sydney which services NZ. If you call them you go straight through to the receptionist who directs you to one of the small local team. You get to know them by name. They’ve been looking after me and my tricky requirements with Fogg for 3 yrs. Give them a try if you want another option: +61 2 9936 1670 www.pantaenius.com/mc-en/about-us/heritage/ |
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Post by Fogg on Feb 17, 2023 10:44:05 GMT 12
Premium up 20% this year, excess up too. Hey Cantab - shall I move this to the marine section or leave here? It’s obviously been taken down a nautical path but not sure if that was your intention? Were you actually referring to insurance generally? |
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Post by em on Feb 17, 2023 10:55:00 GMT 12
Have been on the hunt for a boat the last couple of months and keep hearing about these offshore companies that don’t require ….rig check , survey report , gas cert of compliance . What happens when you have a claim for say a fire and you have a califont that’s not up to code ? Or your rig fails through an obvious fault with a terminal fitting ? . Then there’s the crowds who charge twice as much and require most or all of the above documentation are they a safer bet than the happy go lucky offshore mobs ? Errr, I think you need to reassess your definition of Pantaenius as a “happy-go-lucky offshore crowd”!!! They are one of the oldest global marine insurers in the market. They tend to look after the more demanding customers with non-standard requirements - like sailing offshore etc. They have a small operation in Sydney which services NZ. If you call them you go straight through to the receptionist who directs you to one of the small local team. You get to know them by name. They’ve been looking after me and my tricky requirements with Fogg for 3 yrs. Give them a try if you want another option: +61 2 9936 1670 www.pantaenius.com/mc-en/about-us/heritage/Sorry I wasn’t singling Pantaenius out just recounting my experiences when I’ve gone to look at boats and asked them who/ how and what their insurance situation is . A family member founded and owns an insurance company in the UK . They have a small department that specialises in finding ways not to pay out on claims wherever possible . I’m naturally suspicious of any company that doesn’t require hull/rig condition reports or compliance Certs …they may happily take your payments for your vessel but how happy are they to pay out on a claim ? thanks for the recommendation I will try them if I find a boat . |
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Insurance
Feb 17, 2023 11:20:35 GMT 12
via mobile
Post by Fogg on Feb 17, 2023 11:20:35 GMT 12
These guys (Pantaenius) do require stuff. They required a rig inspection before confirming cover. That was easy because I got a report (plus photos) from when the rig was reassembled and stepped after Fogg arrived from Malaysia on a cargo ship. They insured Fogg through that entire transit to NZ.
I make a point of volunteering info like sending them photos of my new dinghy and outboard when I bought them - and confirmed they were fully insured even in the unlikely event that someone stole them off the davits. They said yes all covered thanks for the pics.
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Post by fish on Feb 17, 2023 11:45:16 GMT 12
I tried getting a quote from Pantaneious.
They wanted my mooring piles surveyed (before they would quote), so they are definitely not 'happy go lucky'.
That is before we got to rig inspections and what not.
Noting that I am Gulf cruising and def not offshore, so a different market sector.
Now, the irony for my bitching, in the last 3 weeks, 2 of the 'new' mooring piles have failed at the club in weather events. Maybe they do know what they are doing?
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Post by em on Feb 17, 2023 11:51:12 GMT 12
I tried getting a quote from Pantaneious. They wanted my mooring piles surveyed (before they would quote), so they are definitely not 'happy go lucky'. That is before we got to rig inspections and what not. Noting that I am Gulf cruising and def not offshore, so a different market sector. Now, the irony for my bitching, in the last 3 weeks, 2 of the 'new' mooring piles have failed at the club in weather events. Maybe they do know what they are doing? That’s interesting as new boat will be going on pile moorings but 4 pole not two . They were replaced a couple of years ago and sleeved in Alkathene pipe to protect from worms . Are the weiti ones sleeved ? |
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Insurance
Feb 17, 2023 12:07:29 GMT 12
via mobile
Post by Cantab on Feb 17, 2023 12:07:29 GMT 12
Premium up 20% this year, excess up too. Hey Cantab - shall I move this to the marine section or leave here? It’s obviously been taken down a nautical path but not sure if that was your intention? Were you actually referring to insurance generally? I was talking marine but didn't think it was an "on water" topic. Quite likely to thread drift. |
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Insurance
Feb 17, 2023 12:10:48 GMT 12
via mobile
Post by Cantab on Feb 17, 2023 12:10:48 GMT 12
The company I'm with required no survey, they said in their experience it made no difference claims wise. They are underwritten by vero, and my boats over 30.
It really depends on your broker, same policy underwriters have very different deals with different brokers.
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