How Much Does It Cost For Insurance on a Boat in UK
A pre-purchase survey may be well worth doing before you purchase, you want peace of mind that the vessel is seaworthy and working Cost For Insurance on a Boat in UK, just as you’d want that level of satisfaction when buying a car or a house. Surveys are typically priced per foot so the size of the vessel you are looking to buy will determine the cost of the survey.
Whether you are buying new or used it is important to ensure that the vessel is up to standard. If the survey comes back positive you will have peace of mind as well as a condition report, which can be useful if applying for finance to purchase the boat. If the survey uncovers any problems it enables you to either amend the price, have work done on the vessel before making the purchase or even just walk away from the sale.
A large investment in a average cost boat insurance in uk deserves equally solid insurance protection. Apart from potential damage to your boat is the specter of a large liability lawsuit against you after a boating accident. And in these litigious times, anyone who appears to have assets can be a prime target for a lawsuit that could drain your resources.
Why choose our specialist boat insurance?
Regardless of whether you own a narrowboat or a Cost For Insurance on a Boat in UK, it is vital that you have the right insurance to ensure you and your pride and joy are fully protected.
Our insurance covers you and your boat against theft, loss and damage. You can also include contents cover as part of your policy if you need it.
Our Third Party Liability Insurance provides protection if you cause damage to another boat or injure another person.
We also offer a range of additional cover options so you can tailor your policy to get exactly the protection you need, meaning you’ll only ever pay for the insurance you want.
Plus, we offer discounted rates* based on your sailing experience, age and where you moor your boat. And better still, we rubber stamp our prices with our Ripe Guarantee* which means you get great cover and exceptional service at the right price.
Boat mooring costs
When choosing to buy a boat you probably have a relatively clear idea where you want to keep your vessel, whether that’s a plush marina right on the coast or a mid-river pontoon close to home. There are a number of considerations you need to make which can impact the cost of your boat mooring.
For example, if you are looking to keep your boat in a full-service marina with a walk-shore berth you are likely to be paying more than if you choose a pile mooring or mid-river pontoon which require a dingy to reach the shore. Some boat yards, sailing and fishing clubs around the Cost For Insurance on a Boat in UK have rights to moorings and this can be one of the cheapest options when it comes to mooring your boat, it is certainly an option worth looking into.
Wherever you choose to moor your boat it is worth getting your name onto a waiting list as early as possible as the lists can be long. In some locations this can even be done before you have purchased your boat.
Upkeep costs of owning a boat
There are a number of costs to consider when it comes to the general maintenance costs of keeping a boat. However, these costs can be difficult to estimate and can vary a great deal from boat to boat. If you plan on taking on any work yourself this can reduce the costs significantly compared to if the work was undertaken at a boatyard.
Some costs cannot be avoided, such as re-applying the antifouling (the special paint on the hull of your vessel). Although the work itself can be done by you the cost of the paint, which will be dependent on the size of your vessel, needs to be factored in to your annual budget.
Ensuring that you carry out routine checks, including the engine, rigging and sails can help you to spot the first signs of damage and potentially prevent future expensive damage.
Breakdown cover for boats
It is possible to get breakdown cover for your boat which is similar to the service provided by car breakdown cover companies meaning that should your Cost For Insurance on a Boat in UK at sea, or along a river or canal you are not left stranded. This safety net is important to have in place and can give you that extra peace of mind when you go out on adventures in your boat.
Boat breakdown cover is available with a range of different cover types depending on how comprehensive you want the cover to be and where you intend to use your vessel. It is worth shopping around to get the best price to suit your needs as there are many different types of cover available.
Cost of boat insurance in UK
Having boat insurance might not be a legal requirement in the Cost For Insurance on a Boat in UK but there may be times when you need to provide evidence of insurance when applying for finance or in order to keep your vessel in a marina. As well as this, it can provide you with greater peace of mind and may even save you money should something happen to your boat.
The cost of boat insurance can vary depending on your risk details and the type of craft you have. If you don’t want to get insurance, think about whether you have the financial resources available to replace your boat if it sank. Could you pay public liability costs to anyone injured or property damaged?
Do you have enough money in the bank to recover & salvage your craft? There are many different types of policies available to cover all different types of craft for a range of different uses, so whether you simply want third party cover or cover for a racing boat you’ll be able to find the right cover for you.
A pre-purchase survey may be well worth doing before you purchase, you want peace of mind that the vessel is seaworthy and working Cost For Insurance on a Boat in UK, just as you’d want that level of satisfaction when buying a car or a house. Surveys are typically priced per foot so the size…