Please select your home edition
Edition
Naiad/Oracle Supplier

Cheap insurance is nasty when you're all at sea

by Mark Rothfield on 17 Aug 2012
Maritimo owners can get peace of mind from a custom-made insurance policy Nautilus Marine
The closer I get to the big Five 0, the smaller my insurance risk becomes in theory – at least it should, if you believe those ads where a silver-haired couple are walking down the beach in his-and-hers incontinence pads while their Winnebago sparkles in the background.

But you could’ve fooled me. I’m insured to my eyeballs - in fact my eyeballs ARE insured - and I don’t seem to be getting any favours. There’s home, contents, car, health, life, income protection, travel, rental cars and, of course, the boat. I feel like a Volvo driver who never has a crash, and thus doesn’t get to enjoy the safety benefits.

No doubt there will come a day when it all goes sour and I’ll be glad my left pinkie finger is worth $50,000. But you still have to pray they’ll pay up.

My one and only boat insurance claim a few years ago was anything but plain sailing, even though it was a straight-forward case of mooring failure … a failure that wasn’t my fault, I hasten to add.

The rudder sustained damage, necessitating a tow to the local marina, and the boat then sat on a hardstand for three months while they argued the toss. I was just a policy number while the assessor clearly thought he was God.

I was interested, then, to see that Maritimo launched its own boat insurance product at Sydney International Boat Show.

Managed by Nautilus Marine, the policy is specifically designed for Maritimo owners. There’s cover for common possessions – watches, jewellery, laptops, fine wine, fishing gear and more – plus marina indemnity, repairers negligence and automatic water skiers extension for the tender.

The best thing, though, is you won’t be a number but a customer. If something goes wrong you can clip the salesman around the ears and send them into bat for you. It will be in their interest, too, to make sure your berthing techniques aren’t akin to a demolition derby.

Take-up rates for boating insurance remain disturbingly low, so if the bloke who runs into you isn’t insured it’s doubly important that you are. Galling though it is, the one thing I’ve learned is not to economise on insurance. Cheap is nasty.
Wildwind 2016 660x82Helm Events 660x82Southern Spars - 100

Related Articles

SWC Final – Nacra sailors react to Olympic foiling announcement
Last month the World Sailing Council met in Barcelona, Spain, and confirmed the Nacra 17 will convert to foiling Last month the World Sailing Council met in Barcelona, Spain, and confirmed the Nacra 17 will convert to foiling for the Tokyo 2020 Olympic Games, the only foiling class among the 10 Olympic sailing classes.
Posted on 8 Dec
Sailing World Cup Melbourne pays tribute to Paul Elvstrom
Sixty years ago, Royal Melbourne Yacht Squadron welcomed legendary Paul Elvstrom for the Melbourne 1956 Olympic Games. Sixty years ago, the Royal Melbourne Yacht Squadron welcomed the legendary Paul Elvstrom for the Melbourne 1956 Olympic Games. At the time the Danish sailor was carving a legacy that included four consecutive Olympic gold medals, numerous world championships and sporting innovations that are now the norm within the sport.
Posted on 8 Dec
Sailing World Cup Melbourne – Aussies revel in seabreeze conditions
Another day of good sailing conditions in Melbourne made for a memorable day for Australia’s sailors competing in finals In the 470 Men’s event, Mat Belcher and Will Ryan had another strong day winning both of their two races. They currently lead overall, five points ahead of China’s team of Lan/Wang.
Posted on 7 Dec
Sailing World Cup Final - Finn racers put to the test
The top Finn racers at the Sailing World Cup Final presented by Land Rover are putting each other to the test The top Finn racers at the Sailing World Cup Final presented by Land Rover are putting each other to the test and for Rio 2016 Olympians Jake Lilley (AUS) and Caleb Paine (USA), it's business as usual after a period of rest.
Posted on 7 Dec
Sailing World Cup Melbourne - Volunteers, the source of energy
Energy is not something that can always be measured, but strength that volunteers in sailing bring is critical to events Energy is not something that can always be measured, but the strength and vitality that so many volunteers in sailing bring to the events that and clubs that they help out is an amazing resource that is critical to events such as Sailing World Cup Melbourne.
Posted on 7 Dec
SWC Final - Melbourne - Nicholas Heiner follows famous dad into Finn
Former Laser world champion Nicholas Heiner is competing at his first international event in a new class he hopes Former Laser world champion Nicholas Heiner is competing at his first international event in a new class he hopes to medal in for the Netherlands at the Olympic Games, just like his father did 20 years ago in Atlanta, USA.
Posted on 7 Dec
Clipper Race skipper given special honour at French Sailing Awards
Olivier Cardin was recognised with a special award at last night’s French Sailing Federation’s flagship award ceremony. Olivier Cardin was recognised with a special award at last night’s French Sailing Federation’s flagship award ceremony, the Soiree des Champions.
Posted on 6 Dec
2017 America's Cup tickets will go on sale on 9th December
Six teams, representing USA, Great Britain, Japan, New Zealand, France, Sweden, will race incredible hydrofoiling yachts The six teams, representing the USA, Great Britain, Japan, New Zealand, France and Sweden, will race incredible hydrofoiling yachts on a stadium-style racecourse on Bermuda’s Great Sound which will make the events in Bermuda among the hottest tickets in world sport in 2017.
Posted on 6 Dec
Connecting Team Bridge at the Sailing World Cup Final Melbourne
Eldest son Ollie is hoping for a top two finish and his 17 year-old brother Guy will be pushing for top three. Consider the logistics of three teenage boys of varying ages all playing the same equipment heavy sport. Now imagine the coordination required for the Bridge family of kiters currently in Australia for an extended southern hemisphere tour that includes the IKA Formula Kite Open division
Posted on 6 Dec
Good start to Sailing World Cup Melbourne for Aussies
Mat Belcher and Will Ryan won the first race in convincing style and finished the second race of the day in second place The Aussie duo of Mat Belcher and Will Ryan won their first race in convincing style, and finished the second race of the day in second place. They are currently in first place overall, two points ahead of the Japanese pairing of Takayama and Imamura.
Posted on 6 Dec