Trimaran Insurance?

matt.lynne · 02-07-2009, 21:05

We are about to purchase a cruising trimaran.....
Its a 15m horstman tristar, we have had it surveyd, its in good condition
and will be rerigged before we take possesion.
I have enquired with a couplve brokers here,and been told it is uninsureable as the underwriters no longer touch trimarans......
(we are in new zealand)Can anybody suggest/guide us to a trimaran "friendly" broker ?
Our intention is to live aboard and sail/explore the nz coast,before heading over to oztralia in a cupla years.....
Cheers Matt

Roy M · 02-07-2009, 21:35

Allstate in the US. I keep my rates low by keeping the loss value low and retaining a liability level that is the lower limit that is necessary to avoid becoming a prisoner of the lawyers. I put my money in the safety gear and maintaining the vessel.

Factor · 04-07-2009, 04:16

Try Peter Skirving at OAMPS in Brisbane Qld. He insured my last tri.

Maren · 01-08-2009, 14:51

We got ours though Progressive. Here's the deal: If the boat is wood, few insurers like it, even though some wooden boats have been in continuous service for the last 100 or so years with others taken in and out at various points.

If, on the other hand, the boat is ply/glass/epoxy, that's composite construction and a different beast because it isn’t classified as a wood boat. Regardless, if you have an accident, the insurance company will work to determine if you have been truthful with them first. That is, that you hadn’t let it rot, that it was ply/glass/epoxy and not just epoxy over wood, etc.

02-07-2009, 21:05	#1
matt.lynne Registered User Join Date: Feb 2007 Posts: 4	Trimaran Insurance? We are about to purchase a cruising trimaran..... Its a 15m horstman tristar, we have had it surveyd, its in good condition and will be rerigged before we take possesion. I have enquired with a couplve brokers here,and been told it is uninsureable as the underwriters no longer touch trimarans...... (we are in new zealand)Can anybody suggest/guide us to a trimaran "friendly" broker ? Our intention is to live aboard and sail/explore the nz coast,before heading over to oztralia in a cupla years..... Cheers Matt

01-08-2009, 14:51	#4
Maren Registered User Join Date: Feb 2008 Location: Eastern Seaboard Boat: Searunner 34 Posts: 760	We got ours though Progressive. Here's the deal: If the boat is wood, few insurers like it, even though some wooden boats have been in continuous service for the last 100 or so years with others taken in and out at various points. If, on the other hand, the boat is ply/glass/epoxy, that's composite construction and a different beast because it isn’t classified as a wood boat. Regardless, if you have an accident, the insurance company will work to determine if you have been truthful with them first. That is, that you hadn’t let it rot, that it was ply/glass/epoxy and not just epoxy over wood, etc. __________________ Regards, Maren The sea is always beautiful, sometimes mysterious and, on occasions, frighteningly powerful.

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02-07-2009, 21:35	#2
Roy M Registered User Join Date: Feb 2007 Location: Southwestern Yacht Club, San Diego, CA Boat: Searunner 40 trimaran, WILDERNESS Posts: 711	Allstate in the US. I keep my rates low by keeping the loss value low and retaining a liability level that is the lower limit that is necessary to avoid becoming a prisoner of the lawyers. I put my money in the safety gear and maintaining the vessel.

04-07-2009, 04:16	#3
Factor Registered User Join Date: Dec 2006 Location: Brisbane Australia Boat: Seawind 1000xl "Dilligara" Posts: 544	Try Peter Skirving at OAMPS in Brisbane Qld. He insured my last tri.