Edward William Insurance

[uniopp]

Has anyone used Edward William International Marine Insurance?
Is it a good company to deal with? Any feedback would be most welcomed.

[Uncle Bob]

Originally Posted by uniopp

Has anyone used Edward William International Marine Insurance?
Is it a good company to deal with? Any feedback would be most welcomed.

A little digging online may enlighten you and save you a dollar or two.

[Fore and Aft]

I wonder what ever happened to that couple who were on the forum and had their rig claim denied by Edward Williams? I think they were sailing in the Bahamas?
I always thought Edwards Williams was another word for "Self-Insured" I know two claims made by boaties here in Queensland and both were denied for who knows what reason. One was a fairly large salvage claim.
Cheers

[b_ohare]

I'm now in my second year using them. They have been friendly and professional offering rates much better than their competition and with better coverage. Having said that, I have not yet had to file a claim (knock on teak) so cannot opine further.

[Wotname]

It is only when making making a claim does one see the true colours of an insurance company. They are always smiling at you when you are paying.

I have yet to see an online bouquet from anyone making a claim against EW but I have seen brick bats. I think F&A is on the money with his 'self insured' opinion.

[GPatron]

I googled "Reviews Edward Williams" and found tons of (mostly negative) comments and reviews. You should check them out

[Rustic Charm]

I’m now paying over a thousand for third party insurance and I assume the cost of the first $20k salvage for my 1980 steel to sit in a marina. Edward Williams quote is a third of that.

I have googled reviewers and found both for and against reviews. Which I can do for any insurance.

Given this is a boating forum, I’m hanging for anyone who has actually made a claim?

[IslandHopper]

Originally Posted by Rustic Charm

I’m now paying over a thousand for third party insurance and I assume the cost of the first $20k salvage for my 1980 steel to sit in a marina. Edward Williams quote is a third of that.

I have googled reviewers and found both for and against reviews. Which I can do for any insurance.

Given this is a boating forum, I’m hanging for anyone who has actually made a claim?

I never made a claim from them directly but was directly affected by there (well documented) failure to pay claims.

Vessel(s) where storm damaged at our marina (Bundaberg) and EW refused to pay out on the claims, the marina then declared that vessels with EW will no longer be welcome/accepted and if you are already in the marina and are "covered" with EW then you will need to change to another insurer when due, or leave...

I was with EW at the time and chose to re-insure with another provider, especially when i found out that a number of other marina's up and down the east coast of Aus have the same policy regarding EW...

Ironically, the chandlery here at the marina USED to be an EW agent....

[Rustic Charm]

Originally Posted by IslandHopper

I never made a claim from them directly but was directly affected by there (well documented) failure to pay claims.

Vessel(s) where storm damaged at our marina (Bundaberg) and EW refused to pay out on the claims, the marina then declared that vessels with EW will no longer be welcome/accepted and if you are already in the marina and are "covered" with EW then you will need to change to another insurer when due, or leave...

I was with EW at the time and chose to re-insure with another provider, especially when i found out that a number of other marina's up and down the east coast of Aus have the same policy regarding EW...

Ironically, the chandlery here at the marina USED to be an EW agent....

Gee that’s a worry then if Marina’s refuse to accept boats with EW brokered insurance.

[squarpeg]

Who knows if they are good till they pay. I have a liability policy through them. Frankly it is expensive and has many stipulations some could probably not be met. I am also hauled during hurricane season. Unfortunately my boat is a 1964 and sails Florida waters. That is a tough nut to insure. No survey was required. I feel it would be useless in any named storm. My real concern is just scratching some mega yacht coming into a marina. To me that is the real hazard. I also carry a 30k rider for sinking and spill cleanup. Costs about $1000 year

[Simi 60]

Originally Posted by Rustic Charm

Gee that’s a worry then if Marina’s refuse to accept boats with EW brokered insurance.

Also some boat yards

Edward Williams also trade as Northern Reef

Big alarm bells rang with me when all they required from me to insure 60ft of timber was the money and a side profile picture of boat.
Obviously they got neither.