sail-world.com
 
 
News Home Video Gallery Photo Gallery

 

Sail-World.com : Insurance Tips

Insurance Tips

Browse through this list before contacting your insurance company or broker:


• Shop around. Your broker may have had the best deal last year, but circumstances change quickly in the insurance industry.
• You can lower your insurance premium by increasing your excess. In doing this you will want to consider how much of a loss you can afford to absorb if you have a claim.
• Keep your coverage current. Check at least once a year to make sure that your policy provides adequate coverage.
• After 12 months you can receive the renewal for a greatly inflated premium AFTER the renewal date. Make sure that you ask for a requote with plenty of time to change insurers if necessary. Sometimes the premium changes for reasons unrelated to your boat, especially if the re-insurer has reassessed the type of insurance they want to be involved in. We have had many yachting friends caught by this problem.
• Make sure you are dealing with licensed agents and companies.
• Pay your premium in full. Also, pay before the due date to avoid the risk of cancellation. Do NOT depend on a grace period. Keep receipts of payment in a safe place.
• Pay your premium EVEN IF YOU DISAGREE WITH YOUR INSURANCE COMPANY, then pursue your disagreement. Failure to make premium payments may cause cancellation of your policy.
• Read your policy and make sure that it lists all coverage you have requested. Know exactly what your policy does and does not cover.
• Know the name of the insurance company and the reinsurer insuring your boat as well as the name of the agency and agent if you have one. This information is found on your policy.




by Sail-World

  

Click on the FB Like link to post this story to your FB wall

http://www.sail-world.com/index.cfm?nid=20878

9:25 AM Mon 2 Jan 2006 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.

Click for further information on
Practical

Related News Stories:

31 Jan 2014  Ten boat safety checks every skipper needs to make
05 Jan 2014  In-mast furling - is it the 'no-no' we've always believed?
13 Nov 2013  Product of the week: One Sailor MBS for single-handed docking
29 Oct 2013  Get your DSC-equipped VHF hooked up right
14 Oct 2013  Evolution Autopilot - top honours in Marine Electronics Awards
30 Sep 2013  Product of the Week: Safer and easier docking - SlideMoor
17 Sep 2013  Mountain bike torch great for tough sailing conditions
16 Sep 2013  Product of the Week: Drawer fridge for cool-keeping and accessibility
25 Aug 2013  Rig your own sailing boat? Yes, you can!
23 Aug 2013  Product of the Week: The LED ringed switch
MORE STORIES ...

News - USA and the World











America's Cup Book Review: Winging It - Oracle Team USA's comeback *Feature by Richard Gladwell Sail-World.com/nz,




Rolex China Sea Race 2014 - nip and tuck for IRC honours by RHKYC and Guy Nowell, Sail-World Asia, Hong Kong


























HUD Vision: An interview with Afterguard Marine’s Alex Moret *Feature by David Schmidt, Sail-World USA Editor, Seattle














America's Cup: Expected de Ridder penalty should be reduced *Feature by Richard Gladwell/Sail-World.com/nz, Auckland, NZ












Image gallery: James Cook High's Royal encounter on Steinlager 2 *Feature
Volvo Ocean Race - Maersk Line named shipping partner
Congressional Cup - Victory for Taylor Canfield and crew
SSV Oliver Hazard Perry joins America's Tall Ship fleet + Video
2014 Halifax – Saint-Pierre Ocean Race
Oyster Regatta Antigua - Glorious conditions prevail on final day
WWA Pro Card Qualifier - Pro Cards earned at Freedom Wake Park
Christmas Caribbean Rally - Top class sailors to compete
Earth Day boater tips
Anna Tunnicliffe - from CrossFit to Extreme 40's
Charleston Race Week - Photos by Chris Howell
Image Gallery: Stratis SL33 flies on the Waitemata
Audi Melges 20- Sperry Topsider Charleston Race Week - Light final day
Clipper Round the World Yacht Race - PSP Logistics prepares for USA
ISAF Sailing World Cup Hyères - Crème of the crop to compete
Congressional Cup: Luna Rossa makes podium in first event
Int 14 World Championships 2015 launch new event website
International Optimist Regatta Clinic and Team Race - Register now!
Congressional Cup: World top rankers finish that way in Long Beach
Sperry Top-Sider Charleston Race Week Day 3 finale
America's Cup: Gino Morrelli outlines the new AC62 design   
Doyle Sails New Zealand signs Andrew Brown as One Design Manager   
America's Cup: Dean Barker's Blog - A sail with the Duke and Duchess *Feature   
29er World Youth Sailing Week Easter regatta - Day 1 and 2 overall   
C Thomas Clagett Jr Memorial Clinic/Regatta - Entries start to roll in   
50th Congressional Cup: See the delayed coverage and media conferences   
Clipper Race 10 Day 27: Closing stages - Qingdao to San Francisco   
Canfield, Williams, Bruni, Swinton in Congressional Cup final four   
Sperry Top-Sider Charleston Race Week - Day 2   
Audi Melges 20 Charleston Race Week - Perfect conditions in Charleston   
Oyster Regatta Antigua - Full on ocean conditions for day 3   
PWA World Tour - A taste of things to come at La Torche + Video   
Women's International Match Racing Series kicks off in June   
Melges 32 Audi Tron Sailing Series - Action shots by Max Ranchi   
Clipper Round the World Yacht Race - Frustrating conditions   
Man rescued after falling overboard in Pacific taken to hospital   
Sperry Top-Sider Charleston Race Week 2014 - Youth leading Melges 20   
Congressional Cup - Canfield leads toward Congressional Cup sailoffs   
Sperry Top-Sider Charleston Race Week 2014 - Perfection for Day 1   
America's Cup: Coutts claims ISAF Jury on a crusade, backs Kiwi report *Feature   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png http://www.sail-world.com/event_images/image/FaceBook-icon.png  http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
X6XL NEW US