Kayak Insurance

[Bill]

Does anyone have their boats insured. I had my last two insured but was wondering whether its worth the $$s to do it again. Any thoughts?

[Simon McGuire]

Hey Bill. Check out the PaddleNSW site. They are trying to get a group discount on insurance and I think need 200 boats to do this. I know I have 3 boats to insure and Owen will have about twenty by the end of next year ;).

[Owen Walton]

Whilst the dilemma to insure or not, remains a personal "risk management" choice, I endorse Simon's comment of the proposed Paddle NSW scheme. They are trying to get a good value for money system running, to return the best possible service for paddlers and certainly worth checking out.

However Simon's "20 boats" is very, very much an exaggeration, (and would be over Annie's dead body) a qajaq (traditional Innuit type skin on frame kayak) remains on the wanted list. I may 1st have to start flogging some existing ones off as I am fast running out of storage room.

[John Anderson]

If you or Anne ever grow weary of your Avocets, please give me a call :)

JUST DON'T TELL JULIE !

They're only little I'm sure I could hide one behind Clementine.......

[John Anderson]

Hi Bill,

probably depends on what you feel is the level of risk in what you're doing. Personally, the cost of replacing my boat is of less concern to me than the public liability issues. Lose my boat and I'm up for a couple of thousand. Spear a swimmer in the surf and I could get sued for millions. Depending on where you paddle and what you like to do there, it could be well worth having some cover.

If you don't mind my asking, who did you insure your other boats with and how much did it cost ?

[Bill]

NRMA the ecobezhig was insured for $2340 this year it being 4 years old and the premium with 20% NCB $166.21.

I've sent off a request for quote on the Cetus and am waiting on that and will advise.

[Bill]

NRMA Boat Insurance provides cover in and out of the water, and includes the following benefits:

Agreed Value cover for the hull, motor, sails and trailer
Cover for accidental damage, fire, flood and storm damage, theft or attempted theft, vandalism or a malicious act
Additional cover for submerged motors, salvage costs, and reasonable costs to minimise damage
Optional cover including contents cover up to $5000 (inclusive of GST) for boats with a lockable cabin, lay-up cover for trailed boats, racing cover for sailboats, and liability cover for water-skiing and floatation devices

Liability cover of $10 million (inclusive of GST)
Access to Helpline - 24 hour assistance
Multi-Policy Discount, depending on the number and type of NRMA Insurance policies you have

For full particulars and details of the conditions, exclusions and limits applicable to this cover please consult the Boat Insurance Product Disclosure Statement and Policy Booklet (PDS). To access the PDS on-line, click on the link below.

http://www.nrma.com.au/documents/policy-booklets/boat-policy.pdf

This premium estimate is based on the information you gave us. The premium given here is an estimate. If we agree to issue you with a policy, the premium may vary depending on the answers you provide in your application. This premium estimate does not provide any insurance cover.

Please note that we may require a written survey report which is no more than 12 months old, before we can determine whether we can provide cover for your boat. Please contact us for further information.

Standard Excess $100.00
Proposed sum insured $4,700.00 (must not be used in white water)
Your Annual Premium Payment (including govt charges) $247.29
Pay by the Month Premium (including govt charges) $ 23.16
The difference between the Annual Premium and the Pay by the Month Premium is $ 30.60

Voluntary Excess $ 300.00
Proposed sum insured $4,700.00
Your Annual Premium Payment (including govt charges) $ 213.24
Pay by the Month Premium (including govt charges) $ 20.32
The difference between the Annual Premium and the Pay by the Month Premium is $ 30.60

[Bill]

A couple of things about this is the exclusion for white water. Does that mean surf? Written survey report?

The cost obviously is designed for loss of motors etc so we would be paying for something we don't need. Does it cover paddles.

So many questions grasshopper.

[John Anderson]

It's a bit of a maze isn't it Bill.

Not sure about the white water clause. Would need to read the small print where there may be a definition. A lot of boats come to grief in conditions that might be considered white water that are a long way from the beach.

And if the boat itself isn't covered in the surf, are you still covered for liability if you collide with someone while surfing ?

I don't believe that a survey report would be required for small boats.

[Phil Thompson]

I don't want insurance as I think I can fix my own boats. The surf thing is probably not a worry. I don't know of any surfers who get third party and I hope they don't. I worry about the nanny state as it is. I don't bother racing sailing dinghies as it costs me $400 to get insurance so the organisers aren't afraid of being sued - gives me the right royal willies.

[David Gibbins]

I have insured the M580 with NRMA - I think something like $150 for $3,500 value - but more importantly $10M liability cover (eg maim someone (else!) coming in thru surf). I have no insurance on the plastic Australis Salamander - since it is wet so infrequently.

Happy to look at alternatives since renewal in about a month.

David