When you come to insuring a boat in the UK of any nature, you will, as with all other insurance policies have to consider which if any factors will affect your boat insurance premium. As with all insurance types, from home to car insurance, relevant considerations and factors play a role in determining the cover you are eligible for and the price you pay for your boat insurance policy.
When taking out a boat insurance policy, there are many factors that come into play. This is why at Taylor Watkins, each boat insurance policy is tailored to the individual and their specific needs.
The type of boat, for example if you have a speed boat, a yacht, a fishing boat or a barge, will have an impact on how much you will pay to insure it.
The year, make and model of the boat, and its motor, can determine insurance rates. Higher power engines may also have higher insurance premiums.
Each insurance policy will begin with a cost valuation of your boat. This will determine how much the boat is worth and will, subsequently, impact the cost of insurance.
Typically, the bigger your boat, the more it will cost to insure.
If you are insuring your boat for frequent sailing, for a short-term trip, or a long-term trip, this will impact how much you will pay for coverage.
Depending on where you will be sailing, this could affect the cost of insurance.
The area where you store your boat could impact how much you pay for coverage. This will also be dependent on the individual policy of the marina or the boat slip.
Some insurers will ask about your motor vehicle driving record, and if you have any official certificates or qualification for training or safety courses.
If you have filed many boat insurance claims in the past, you may have to pay more.
Insurers may ask for certain safety measures such as a certificate safety course, functioning radios and approved fire extinguishers.
If you are adding any other drivers to your policy, their experience can also affect your policy.
Generally speaking, the more excess you pay, the cheaper your insurance costs will be.
If you are looking for motorboat insurance, regardless of the type of boat or your sailing habits, we can help find the right insurance for you.
At Taylor Watkins we want to get you covered as quickly as possible. Apply online today or give us a call and we will get back to you as soon as possible with a quote, usually the same day. We can get you covered within a matter of days.
If cruising within the UK or Europe, you are likely to be offered an instant quote online which can be purchased immediately.
All quotes are no obligation, free to apply and tailored to your requirements.