Do I need boat insurance?
Boat insurance is not actually a legal requirement in the UK however most marinas, harbours and in recognised mooring areas require evidence of third party boat insurance. Most lakes and reservoirs require the same, and you will need to produce proof of third party boat insurance to obtain an inland waterways licence. Also most organised events such as racing will require evidence of liability cover.
In addition to third party liability cover most people will want to insure their boat for damage including from fire or theft to protect their investment and ensure that they are able to stay on the water as much as possible. Noble Marine Insurance can insure boats up to a value of £750,000.
What is the right boat insurance for me?
It is important to make sure that your boat insurance is adequate for your needs, and not to forget additional equipment such as trailers, trolleys and safety equipment that can be easily overlooked and are often costly to replace. Most accessories and equipment that is specific to your boating activities can be covered by boat insurance if you opt to include them. Noble Marine’s boat insurance will usually cover:
- Accidental Damage
- Fire or Explosion
- Theft or Attempted Theft
- Malicious Damage / Vandalism
- Storm Damage
- Your liability for damage or injury to other parties
Boat insurance policies generally do not cover:
- Wear, tear, depreciation, gradual deterioration e.g. corrosion or electrolysis
- Mechanical breakdown
- Damaged deliberately caused by you
- Faulty workmanship
For full details of Noble Marine’s Boat Insurance cover and exclusions please click here for a copy of our policy wording and Insurance Product Information Documents.
Are there any other conditions of my boat insurance?
It is also a condition of many boat insurance policies that your boat is maintained correctly and in a seaworthy condition. Whilst it is important to ensure your boat insurance policy will be valid in the event of a claim, this is also good practice to ensure that you and your passengers and/or crew are safe when on the water. It is important to ensure that all systems of a boat are checked and, as necessary, maintained in accordance with manufacturers guidelines or generally acknowledged best practice. If you are unsure it is worth getting professional advice from a yard or surveyor.
Our multi-boat insurance
Most boat insurance policies only allow one boat per policy, however Noble Marine’s policy allows you to insure all your boats from canoes and paddle boards to dinghies and yachts under the same policy, you will also benefit from a 12.5% Multi-boat discount (up to £150 per policy).