Ferro Boat Insurance in Australia

[jaguar]

Originally Posted by trinescape

try the RAA its the south australian version of nrma they will insure ferro as long as you have a current survey

had a ferro boat owner from here, Qld, apply to the RAA recently, to no avail. Perhaps if you are resident in S.A. and a member of RAA you may have more luck. regards, allan

[trinescape]

surprized to hear that about the RAA, sorry to give you a bum steer have you tried trident insurance i think from memory there based in Perth?

[jaguar]

have tried all avenues-----a letter I have from insurance council of australia indicates that 3rd party is no longer viable for boats that live on the water, and that ferro is out, and the implications are that any "home built" boat in time could have difficulty gaining insurance.

[scaredycat]

You may have missed my reply on the 20th May, but AMP insures our Hartley RORC 32 through a broker. She is a professionally built ferro with recent survey.
Good luck,
Greg

[tackdriver]

Originally Posted by jaguar

I have located a Britain/Spain based company that will insure worldwide, including ferro, and at reasonable rates. It is Northernreef Insurance, and and you can contact them and make an application on Edward William

Have a look at the other thread on this site about this firm, and before you commit to them, google their name. Some long and detailed accounts of others (unhappy) experiences are not hard to find.
cheers
James

[Reg and Kerry]

Possible addition to the insurance question
I am the proud owner of two "ferro's" and am aware of most of the problems. Particularly insurance.
Most of us put faith in our boat and take the risk. Or rather, no choice.

What is becoming a more recent problem,here in Australia , is that you are starting to require third party or at least public liability to be able to use port facilities. Such as moorings, marina's.
This is usually included in full/comprehensive insurance. As you are already aware, we ferro's can't get that from anyone that I'm aware of.
I am in touch with a company that is looking at the viability of insuring ferro's for public liability only (It doesn't cover the boat so it shouldn't matter what it's made of), so we can comply with port/marina requirements.
They require some sort of idea as to how many boats would be interested to make it worth their while.
This is a possibility to turn around the thinking of insurance companies re Ferro's. Who knows they may even check the latest statistics for them selves.
If you know of any ferro cruisers out there that could be interested, please pass on info , so I can corellate and pass on to the company.

[pdbms]

We are definitely interested. Do all marinas accept 3rd party as sufficient insurance?

Kevin

[clockwork orange]

This thread makes for rather depressing reading,it seems like a desperate situation.Im curious if its the same here in the US,i only know of one Ferro boat here on Lake Superior but it lives in a marina berth so it must have at least liability.Over here a lot of folks with old boats with low value or smaller boats insure them with the same company who insures their house and cars etc,you may have more pull if the company gets all your insurances.I see no reason why you cant call it composite construction on the application if it doesnt specifically mention Ferro,you would not be misrepresenting it as all that means is it is made of more than one material which Ferro is,years ago a composite boat meant one with metal frames and wood planking.
Good luck guys,
Steve.

[clockwork orange]

Originally Posted by pdbms

We are definitely interested. Do all marinas accept 3rd party as sufficient insurance?

Kevin

Kevin,over here in the US all the marinas i know of require something like $3m of liability insurance only which i think is the same as your 3rd party insurance,which is not unreasonable as a lot of boatowners do stupid things that can cause a lot of damage to other parties property,there have been people who have burned a dozen other boats down because they left a heater on in their boat when hauled out for the winter.I dont think they care if your boat is covered.
Steve.

[Shanaly]

Try Edward william insurance they are very good

[GordMay]

For alternate opinions on Edward Williams, see also:

➥ http://www.cruisersforum.com/forums/...use-26450.html

➥ http://www.cruisersforum.com/forums/...nce-41887.html

[GT1961]

Hi all
Just joined the forum, I have just been given my fathers 44ft ferro.
I cant believe the trouble that im going through for Insurance,
Then I have read this thread,,,,WOW,,,whats going on??
She is a beautifull sailing boat and I want to re fit her to sail everywhere!! well maybe Whitsundays for a while.
Has any one had any type of success at all with any Insurance company.
I dont want spend money refitting her if I cant get Insurance to put her in a Marina etc.
Any feed back appreciated.

[Reg and Kerry]

Hi,
Since posting the earlier insurance deal, The company has lost interest, only one reply to our idea so not worth their trouble.
I personally have bitten the bullet and gone with "Edward William Marine Insurance".
I had heard varying degrees of uneasiness about the company, but after much digging around found some boats where the company has paid out for claims.
I have to say that with all the insurance companies ducking and weaving around Queensland at the moment, what company can you trust? At least this way I have 3rd party that you definitely do need to get into marinas and ship lifts, etc.
Having just lost our boat in the recent floods, with no insurance, I wasn't prepared to let it happen again to our replacement. Yes, I bought another ferro. Must be mad, but you get so much more boat for your buck. Plus I know what I'm looking at these days.
So I obtained insurance through the Australian connection for "Edward William "
He gives pretty good service and cleared up a few questions I had with the parent company. He is also a good contact for cheap new sails, made in Tailand but with Australian overseers.
Send me a PM if you'd like his name and email address.
Hope this helps,
Reg and Kerry.
Bundaberg.

[clockwork orange]

Gt1961,who did your father have the boat insured with?
Steve.

[GT1961]

Hi Steve,
My Dad had the boat insured through AMP General Insurance Ltd
He let it run out 4 years ago.
Dave.