Reply
 
Thread Tools Search this Thread Display Modes
 
Old 03-10-2017, 01:04 AM   #1
Guru
 
City: Sydney
Country: Australia
Join Date: Jul 2015
Posts: 1,646
Australian Marine Insurance

Just about to insure my boat and ringing around it seems Club Marine has lost the plot . I had a quote from Natalus Marine which was 30% less and after reading the product report they offer the same if not more . So question what others thoughts on marine insurance and who do you use
__________________
Advertisement

gaston is offline   Reply With Quote
Old 03-10-2017, 01:53 AM   #2
TF Site Team
 
Insequent's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Insequent
Vessel Model: Ocean Alexander 50 Mk I
Join Date: Mar 2012
Posts: 2,359
I use an insurance broker who checks various insurers at renewal time. Club Marine is always competitive on price for my boat and insurance history, and I'm still with them.

Read the policy doc carefully, not some marketing stuff (product report?) to be sure you will get what you think you are getting. Try and find some feedback of claims settlement for whoever you plan to use.

Boat brand and where you plan to keep it -marina berth or swing mooring - can be factors for policy prices as well.
__________________

__________________
Brian
Insequent is offline   Reply With Quote
Old 03-10-2017, 05:21 AM   #3
Hospitality Officer
 
Andy G's Avatar
 
City: Pittwater
Country: Australia
Vessel Name: Sarawana
Vessel Model: IG 36 Quad Cabin
Join Date: Sep 2010
Posts: 1,658
Funny that this should come up today, I have been looking at insurance this afternoon.

I am awaiting on a quote from Club Marine at present and have just got one from Pantaenius this afternoon. I had a mate who worked for Pantaenius and he was quite upbeat about them. The one thing that Pantaenius does that Club Marine doesn't do is offer an agreed fixed value insurance.The insured amount is what you are paid in the event of a total loss.With Club Marine it is market value, despite the insured premium you pay, so beware on that.

On the flip side, we are , or were, with Club Marine for 19 years & have two large claims in that time, neither our fault, and I have to say they were very good at settling the claim even though there were significant issues with both claims.

Both companies require an 'current' survey and report, (within the last six months).

That's my two cents worth.
Andy G is offline   Reply With Quote
Old 03-10-2017, 03:20 PM   #4
Guru
 
AusCan's Avatar
 
City: Adelaide
Country: Australia
Vessel Name: Kokanee
Vessel Model: Cuddles 30 Pilot House Motor Sailer
Join Date: Jul 2012
Posts: 2,892
I'm with Trident Marine. They offer fixed price value. I haven't had to make a claim yet but their rates are much lower than Club Marine.
AusCan is offline   Reply With Quote
Old 03-10-2017, 04:23 PM   #5
Senior Member
 
BrisHamish's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Beluga
Vessel Model: Grand Banks 46eu 2006 hull#289
Join Date: Apr 2016
Posts: 154
Choose carefully!

Some marinas in Queensland, between Brisbane and Hamilton Island, will not rent casual berths to boats insured with one of the Underwriters named below (not Club Marine) apparently because of their claims history (ie being difficult about paying claims, such that the marina operator does not want boats insured with that Underwriter in their marina).

I am with Club Marine. I have had 1 claim, it was resolved and paid without any issue or dramas. I had the works done by a shipwright of my choosing.

H.
BrisHamish is offline   Reply With Quote
Old 03-10-2017, 05:41 PM   #6
Senior Member
 
eagle419's Avatar
 
City: Sydney
Country: Australia
Join Date: Apr 2012
Posts: 243
I was with Marine Hull/Club Marine for over thirty years. They were prompt and efficient with claims and I had no problems with their service at all.

I changed to Pantaenius four years ago based purely on their 'agreed value' offer, together with a cheaper premium. No claims with Pantaenius so far, so I can't comment on their service.
__________________
John
eagle419 is offline   Reply With Quote
Old 03-10-2017, 05:44 PM   #7
Guru
 
BruceK's Avatar
 
Join Date: Oct 2011
Posts: 9,978
I`m with Club Marine, I heard they changed their underwriting practices, possibly making it tougher for insureds.
Friends with Club Marine had a total loss of their sailboat at Gosford in the 2015 east coast low affecting the NSW coast, during their first year of ownership and cover. Club Marine was fast and helpful, even set up a temporary claims "office" in a nearby yacht club.
My friends said a nearby boat owner insured with Pantaenius got a text SMS from them(presumably sent to numerous owners),wind blowing 35kts in foul conditions, to go check his mooring gear on its swing mooring. Good idea in one way, but potentially dangerous out there in a dinghy in those conditions.
__________________
BruceK
Island Gypsy 36 Europa "Doriana"
Sydney Australia
BruceK is offline   Reply With Quote
Old 03-10-2017, 06:59 PM   #8
Senior Member
 
shufti's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Wine Down
Vessel Model: Riviera 35' FB
Join Date: Dec 2013
Posts: 199
AndyG- for what it's worth I got an agreed value policy with club marine. I'm not sure who told you they won't do that but (at least in my case) they certainly do.
shufti is offline   Reply With Quote
Old 03-13-2017, 09:28 AM   #9
Hospitality Officer
 
Andy G's Avatar
 
City: Pittwater
Country: Australia
Vessel Name: Sarawana
Vessel Model: IG 36 Quad Cabin
Join Date: Sep 2010
Posts: 1,658
Thanks for that, I will have a chat to the broker who arranges my insurance.
Andy G is offline   Reply With Quote
Old 03-13-2017, 05:52 PM   #10
TF Site Team
 
Insequent's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Insequent
Vessel Model: Ocean Alexander 50 Mk I
Join Date: Mar 2012
Posts: 2,359
Quote:
Originally Posted by Andy G View Post
Thanks for that, I will have a chat to the broker who arranges my insurance.
Not sure agreed value is possible on older boats. i think that's what I was told....
__________________
Brian
Insequent is offline   Reply With Quote
Old 03-13-2017, 06:12 PM   #11
Senior Member
 
eagle419's Avatar
 
City: Sydney
Country: Australia
Join Date: Apr 2012
Posts: 243
Quote:
Originally Posted by Insequent View Post
Not sure agreed value is possible on older boats. i think that's what I was told....
My boat is 40 years old timber, allbeit with a good survey. No problem with an agreed value with Pantaenius.
__________________
John
eagle419 is offline   Reply With Quote
Old 03-13-2017, 06:18 PM   #12
Guru
 
BruceK's Avatar
 
Join Date: Oct 2011
Posts: 9,978
Who is your broker Andy? Marine specialist? A PM is fine if you prefer.
__________________
BruceK
Island Gypsy 36 Europa "Doriana"
Sydney Australia
BruceK is offline   Reply With Quote
Old 03-13-2017, 06:37 PM   #13
Guru
 
City: Sydney
Country: Australia
Join Date: Jul 2015
Posts: 1,646
Quote:
Originally Posted by BruceK View Post
Who is your broker Andy? Marine specialist? A PM is fine if you prefer.





ditto
gaston is offline   Reply With Quote
Old 03-14-2017, 08:07 PM   #14
Hospitality Officer
 
Andy G's Avatar
 
City: Pittwater
Country: Australia
Vessel Name: Sarawana
Vessel Model: IG 36 Quad Cabin
Join Date: Sep 2010
Posts: 1,658
PM's sent
Andy G is offline   Reply With Quote
Old 03-14-2017, 08:35 PM   #15
Guru
 
BruceK's Avatar
 
Join Date: Oct 2011
Posts: 9,978
Gaston, did you try telling CM about the Nautilus offer, if so what did they say?
__________________
BruceK
Island Gypsy 36 Europa "Doriana"
Sydney Australia
BruceK is offline   Reply With Quote
Old 03-15-2017, 12:48 AM   #16
Guru
 
City: Sydney
Country: Australia
Join Date: Jul 2015
Posts: 1,646
Well lets for the present just say after phone and email dealing with "Nautilus" I decided to let Andrew Moore arrange everything with Club Marine and pay the extra $500 for reassurance I was dealing with a "professional company" with a excellent rapport in the industry. Thanks Guys for your input
gaston is offline   Reply With Quote
Old 03-16-2017, 02:33 AM   #17
Hospitality Officer
 
Andy G's Avatar
 
City: Pittwater
Country: Australia
Vessel Name: Sarawana
Vessel Model: IG 36 Quad Cabin
Join Date: Sep 2010
Posts: 1,658
Gaston, do you pick up your new IG 32 today? I was down working on Sarawana at the club and saw the IG depart downstream. I was on my way over to say hello.
Andy G is offline   Reply With Quote
Old 03-16-2017, 04:33 AM   #18
Guru
 
City: Sydney
Country: Australia
Join Date: Jul 2015
Posts: 1,646
Quote:
Originally Posted by Andy G View Post
Gaston, do you pick up your new IG 32 today? I was down working on Sarawana at the club and saw the IG depart downstream. I was on my way over to say hello.


Yes picked up "Barrenjoey" today and we are back on the marina at Berowra Waters having Kirin beers and snags its all I can afford now .
We had a shocking trip from Palm Beach all the way down to Juno Point . We sat on 2400RPM with trim tabs down nose up and big grizzley waves chasing us right down to Juno wipers on my wife had her jacket on Wished I had taken a video but our phones and lunch was on the floor somewhere
gaston is offline   Reply With Quote
Old 03-16-2017, 06:52 PM   #19
TF Site Team
 
Insequent's Avatar
 
City: Brisbane
Country: Australia
Vessel Name: Insequent
Vessel Model: Ocean Alexander 50 Mk I
Join Date: Mar 2012
Posts: 2,359
Interesting trip for starters!
I think you're gonna need a bigger boat.....
__________________
Brian
Insequent is offline   Reply With Quote
Old 03-16-2017, 09:07 PM   #20
TF Site Team
 
City: Brisbane
Country: Australia
Vessel Name: Now boatless - sold 6/2018
Vessel Model: Had a Clipper (CHB) 34
Join Date: Jun 2008
Posts: 7,316
Send a message via Skype™ to Peter B
Yeah Brian. Think you're right. I offered him my Clipper 34 - she would have loved those conditions...those 2 extra feet...and Lotus just loves surfing down those following waves. I've see her at 11.5kn in those conditions with no steering issues.
__________________

__________________
Pete
Peter B is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





All times are GMT -5. The time now is 09:49 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2006 - 2012
×