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Old 05-02-2021, 02:06   #1
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Berth - Third Party Insurance with Salvage - Australia

Hi everyone,

I’m an owner of a berth within a strata managed marina and I have recently been fined by the strata committee due to not having appropriate insurance.
The strata by-laws state owners must have $10M third party insurance and salvage cover. I’ve had a look at the usual insurance companies and none of them appear to cover berths.
Can anyone advise of a reputable company I can secure this type of insurance from?

TIA!

This post has been edited at the poster's request.
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Old 05-02-2021, 03:18   #2
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Re: Mooring - Third Party Insurance with Salvage

might be able to help if you could give us some idea of which country you are in ?

cheers,
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Old 05-02-2021, 15:30   #3
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Re: Mooring - Third Party Insurance with Salvage

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might be able to help if you could give us some idea of which country you are in ?

cheers,
Yes, that would help. Iím in Australia, South Australia specifically. Thanks!
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Old 05-02-2021, 15:34   #4
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Re: Mooring - Third Party Insurance with Salvage

try topsail (https://www.topsailinsurance.com.au/) we have been insured with them for years and they definitely cover moored boats

cheers,
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Old 05-02-2021, 15:37   #5
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Re: Mooring - Third Party Insurance with Salvage

It seems I canít edit the original post to include my location so I will open a new thread.
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Old 05-02-2021, 15:45   #6
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Re: Mooring - Third Party Insurance with Salvage

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try topsail (https://www.topsailinsurance.com.au/) we have been insured with them for years and they definitely cover moored boats

cheers,
Hi, thanks for your reply and recommendation.

I need TP insurance for the mooring and salvage of a boat only. No boat insurance required as my tenant will cover them own boat. I will give them a call.

Have you made a claim? If so what was the experience?
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Old 05-02-2021, 16:05   #7
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Re: Mooring - Third Party Insurance with Salvage

made one claim a few years ago when we had a race boat. settled easily and promptly

as regards yr situation : sorry i misunderstood. never heard of anyone insuring the ground tackle on a mooring, but if you're planning to put a tenant in who will have a boat on the mooring then his public liability of his insurance will cover it. if necessary you could put in the lease that he has to list the body corporate as co-insured.

(btw are we talking about a marina berth or a mooring ? bit confused...)
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Old 05-02-2021, 16:16   #8
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Re: Mooring - Third Party Insurance with Salvage

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made one claim a few years ago when we had a race boat. settled easily and promptly

as regards yr situation : sorry i misunderstood. never heard of anyone insuring the ground tackle on a mooring, but if you're planning to put a tenant in who will have a boat on the mooring then his public liability of his insurance will cover it. if necessary you could put in the lease that he has to list the body corporate as co-insured.

(btw are we talking about a marina berth or a mooring ? bit confused...)

OK, so it seems I know very little about this boat stuff...
Yes, I mean the berth (whoops).
Great tip, iíll speak with the strata and see if this will appease them.
Thank you so much Chris. You have helped me immensely. I hope you had a good chuckle too
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Old 05-02-2021, 18:03   #9
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Re: Mooring - Third Party Insurance with Salvage

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It seems I canít edit the original post to include my location so I will open a new thread.

Just edit your user profile to show your location
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Old 05-02-2021, 18:07   #10
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Re: Mooring - Third Party Insurance with Salvage

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OK, so it seems I know very little about this boat stuff...
Yes, I mean the berth (whoops).
Great tip, iíll speak with the strata and see if this will appease them.
Thank you so much Chris. You have helped me immensely. I hope you had a good chuckle too

It's usually the vessel in the berth that has to be insured. I've never heard of an actual berth being insured.
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Old 05-02-2021, 18:51   #11
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Re: Mooring - Third Party Insurance with Salvage

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Just edit your user profile to show your location
Thanks. Will do once I find my way around this site!
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Old 05-02-2021, 19:00   #12
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Re: Mooring - Third Party Insurance with Salvage

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It's usually the vessel in the berth that has to be insured. I've never heard of an actual berth being insured.
The physical berth themselves are insured for the usual matters (this is covered under the strata management fee).
Iíve had this berth for 9 years without request from the strata commttee to hold my own third party and salvage insurance. But a $188 fine is a good prompt to get myself in line with the by-laws.
Anyway, I think Chris has tipped me a solution. Thanks for your input!
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Old 05-02-2021, 19:03   #13
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Re: Mooring - Third Party Insurance with Salvage

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Yes, that would help. Iím in Australia, South Australia specifically. Thanks!

Well, Iíve never had to insure the berth because Iíve only been renting one in South Australia, but Pantaenius would be worth contacting. Theyíve been my third party boat insurer for many years now, though I have not had to make a claim from them so far.
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Old 05-02-2021, 19:10   #14
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Re: Mooring - Third Party Insurance with Salvage

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Well, Iíve never had to insure the berth because Iíve only been renting one in South Australia, but Pantaenius would be worth contacting. Theyíve been my third party boat insurer for many years now, though I have not had to make a claim from them so far.
Based on the light Chris has shed this morning, it seems if the tenant has third party and salvage then this is the insurance which should satify the strata by-law. Thanks for the insurance company tip! May I ask which marina you are in?
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Old 05-02-2021, 19:35   #15
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Re: Mooring - Third Party Insurance with Salvage

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Based on the light Chris has shed this morning, it seems if the tenant has third party and salvage then this is the insurance which should satify the strata by-law. Thanks for the insurance company tip! May I ask which marina you are in?


I WAS at 35South, but I am officially cruising now so marinas are mostly a thing of the past for me.
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