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Old 30-01-2012, 16:15   #1
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Ferro Hull Insurance

HiAnyone out there in Australia and got a ferro yacht insured ?
Thinking of buying one but not sure if I'll be able to get her insured
Thanks
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Old 30-01-2012, 16:21   #2
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Re: Ferro hull insurance

I thought that it was impossible to insure a ferro in Australia, but a friend of mine has one and it is insured. I will ask him who with and what are the conditions of the insurance.

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Old 30-01-2012, 16:37   #3
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pirate Re: Ferro hull insurance

Likely liability only.. thats all my mate could get on his... mind he gets about a bit... last heard he was headed for the Gambia..
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Old 31-01-2012, 00:25   #4
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Re: Ferro Hull Insurance

Whoops. I asked my friend and he admitted that it is only insured for third party, but he tells the marina that it is fully insured and they let him stay there. He did say that there is a company that will insure them in Brisbane, but it is very expensive and he did not remember their name, so that info is useless. If he remembers i will let you know. A broker once said to me that there are only two ways to survey a ferro yacht, cut them in half or x-ray them. Both a bit over the top.

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Old 31-01-2012, 00:39   #5
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Re: Ferro Hull Insurance

We have our Wilf O'Kell ferro insured with Edward William fully comp and very reasonable too. Give them a try. Very easy and all done online.
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Old 31-01-2012, 00:43   #6
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Re: Ferro Hull Insurance

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Originally Posted by Catalpa1 View Post
We have our Wilf O'Kell ferro insured with Edward William fully comp and very reasonable too. Give them a try. Very easy and all done online.
Excellent! There you go.

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Old 15-03-2012, 23:56   #7
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Re: Ferro Hull Insurance

i got a quote from d g marine today, they are edward william agents. derek was a nice bloke to deal with and assures me e w are a good company so i will be going with them. $ 700 p/a comprehensive.
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Old 17-03-2012, 17:09   #8
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Re: Ferro Hull Insurance

Thanks for tips everyone
But have decided against ferro
Enquiries about insurance , boat didn't have builders certificate and insurance broker said they'd take my word for it ?!
I thought , yeah right , until I made a claim and had no evidence of builder !
Knowing what SOME insurance companies can be like !
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Old 17-03-2012, 19:45   #9
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Re: Ferro Hull Insurance

none of the plank boats i have owned had builders certificates, how would you get one if it is an old boat. i never had an issue with insurance, in fact qbe paid for a storm inflicted repair with out even sending an asessor to look at it. if you need a builders certificate you better look at buying a new or nearly new glass boat.
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Old 21-03-2012, 19:13   #10
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Quote:
Originally Posted by krazy koala
none of the plank boats i have owned had builders certificates, how would you get one if it is an old boat. i never had an issue with insurance, in fact qbe paid for a storm inflicted repair with out even sending an asessor to look at it. if you need a builders certificate you better look at buying a new or nearly new glass boat.
In my experience wooden boats have tended to have been built by boatbuilder/shipwrights/boatyards(except plywood ones which were often home builds)

I think that there lies the difference , many ferros were home builds .

Most Insurance companies won't touch them , why ? Must be a reason ?!

Personally I like ferros , some beauties about .
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Old 23-03-2012, 01:54   #11
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Re: Ferro Hull Insurance

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Originally Posted by skipperscouse View Post
In my experience wooden boats have tended to have been built by boatbuilder/shipwrights/boatyards(except plywood ones which were often home builds)

I think that there lies the difference , many ferros were home builds .

Most Insurance companies won't touch them , why ? Must be a reason ?!

Personally I like ferros , some beauties about .
good point. if i was an insurer i would prefer ferro to wood any day, but like you say , the dodgy ones are the problem. i love going out to my ferro yacht and checking the bilge, always bone dry. plank boats and chasing leaks are in my past now.
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Old 23-03-2012, 04:13   #12
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Re: Ferro Hull Insurance

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Originally Posted by skipperscouse View Post
Thanks for tips everyone
But have decided against ferro
Enquiries about insurance , boat didn't have builders certificate and insurance broker said they'd take my word for it ?!
I thought , yeah right , until I made a claim and had no evidence of builder !
Knowing what SOME insurance companies can be like !
Builders certificate? I've had all sorts of boats but have never seen nor even heard of such a thing. Maybe they're supplied with new glass boats but I wouldn't know about that - can't stand all that gloss

Insurance companies I've dealt with have never requested a "builders certificate" in order to get insurance. Maybe they're common in England; not here, to my knowledge.

So I wouldn't let that issue get in the way of the purchase of a ferro, if that's what you want - especially given what they've said to you.
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