insurance
Mike George
narrowboat, to include contents?
--
Mike George in Bristol, UK
http://www.nbmajortom.com/
(remove -nospam to reply by email)
Simon Robinson
simon.
Mike George wrote in message <3aa4e14a...@news.clara.net>...
Julian Tether
<si...@robinson-technical.freeserve.co.uk> writes
>Michael Stimpson do a special contents policy for liveaboards...
>
--
Julian Tether
Nb Idleness
e-mail: jul...@idleness.co.uk
jul...@idleness.org.uk
Julian Tether
<mi...@nbmajortom.com-nospam> writes
>Any recommendations for reasonably-priced insurance for a liveaboard
>narrowboat, to include contents?
Covers me for most things the only problem is the PC etc. which I have
to insure separately as its cheaper.
Kevin Hollis
> to insure separately as its cheaper.
Who do you insure the pc with ? I had extortionate quotes when I looked into
it.
Kevin.
Julian Tether
<kho...@mpc-data.co.uk> writes
>Who do you insure the pc with ? I had extortionate quotes when I looked into
>it.
It was just worth a mention that it was not feasible to cover it on a
boat insurance......
Julian Tether
email: Jul...@Idleness.co.uk
Jul...@NegEarth.co.uk
in...@cutweb.org.uk
http://www.cutweb.org.uk
Brian J Goggin
<jul...@negearth.co.uk> wrote:
>In article <9856el$bv$1...@burton.mpc-data.co.uk>, Kevin Hollis
><kho...@mpc-data.co.uk> writes
>>Who do you insure the pc with ? I had extortionate quotes when I looked into
>>it.
>To be honest I haven't!
>It was just worth a mention that it was not feasible to cover it on a
>boat insurance......
Don't know whether similar things are available in the UK, but we have
a separate computer policy that covers all our machines (I work from
home and we have 5 desktop PCs, 2 laptops, 1 Mac and 3 palmtops)
against all risks, which includes while boating.
bjg
BevanLewis
>From: Julian Tether Jul...@idleness.co.uk
>Date: 06/03/2001 10:23 GMT Standard Time
>Message-id: <E6rWpaAk...@btinternet.com>
This is an extremely dangerous statement to make to an open forum, many
thousands of of claims must get knocked every week for all sorts of reasons.
And since when have brokers decided what and what not gets paid out?
***********************************
Tim Lewis
Home e-mail: wrg...@netscapeonline.co.uk
Web Page: http://members.netscapeonline.co.uk/wrgtim/
Home phone: 020 8367 6227
Mobile phone: 07802 518094
*************************************
Julian Tether
<bevan...@aol.com> writes
>And since when have brokers decided what and what not gets paid out?
He was told that details wouldn't be sent to the insurance company as
they wouldn't pay out.
I cannot remember all the details but the above sums up the gist of it.
Julian Tether
email: Jul...@Idleness.co.uk
Julian Tether
<Jul...@idleness.co.uk> writes
>In article <982q9r$fth$1...@newsg2.svr.pol.co.uk>, Simon Robinson
><si...@robinson-technical.freeserve.co.uk> writes
>>Michael Stimpson do a special contents policy for liveaboards...
>>
>And he has been known NOT to pay out on more than one occasion..........
my statements. Therefor I will do what he has requested and retract all
statements I made in this thread.
Mike George
George) wrote:
>Any recommendations for reasonably-priced insurance for a liveaboard
>narrowboat, to include contents?
Sorry to have generated discord with this one. There was only one
positive recommendation - any others? Any stories of good service and,
more importantly, claims being paid without hassle?
Neil Arlidge
news:ulr4btcghm86c65h5...@4ax.com...
> Somebody on uk.rec.sailing had a horror story today of an insurance
> claim being rejected, because he had valued his boat at a figure
> greater than he had paid for it. Apparently it is against some
> Victorian law. I hope it's not true, most people with old boats have
> them valued at more than they paid for them.
Bu**er! . . . .that's sunk that idea then!
--
Neil Arlidge ex-nb Beatty, nb Earnest
Follow the travels of Neil and the TNC in hire-boats, Beatty and Earnest at
http://www.tuesdaynightclub.co.uk
See nb Earnest being built at http://www.nbearnest.co.uk
See the newsgroups photo call at
http://www.tuesdaynightclub.co.uk/Photocall.html
Mike Stevens
news:ulr4btcghm86c65h5...@4ax.com...
> Somebody on uk.rec.sailing had a horror story today of an insurance
> claim being rejected, because he had valued his boat at a figure
> greater than he had paid for it. Apparently it is against some
> Victorian law. I hope it's not true, most people with old boats have
> them valued at more than they paid for them.
I understand that it's one of the principles of insurance law, that an
insurance claim should normally only put you back at the state you were
before the accident (or whatever) happened. So the insurers should
reimburse you with the cost of getting your boat (ort whatever) back to the
condition it was in before the accident (or whatever). If your boat/thingy
is a write-off, the insurer's liability is for the value the thing had
before you blew it up/whatever.
I assume that those insurers who offer "as new" replacement insurance charge
bigger premiums than those who stick to the letter of what I've described
above.
--
Mike Stevens, nb Felis Catus II
Don't you just hate rhetorical questions?
Off-list replies, please, to michael...@which.net
Web site http://www.mike-stevens.co.uk (Waterways World's Site of the
Month, March 2001)
Paul Jerome
> George) wrote:
>
> > On Tue, 06 Mar 2001 13:26:30 GMT, mi...@nbmajortom.com-nospam (Mike
> > George) wrote:
> >
> > >Any recommendations for reasonably-priced insurance for a liveaboard
> > >narrowboat, to include contents?
> >
> > Sorry to have generated discord with this one. There was only one
> > positive recommendation - any others? Any stories of good service and,
> > more importantly, claims being paid without hassle?
>
> claim being rejected, because he had valued his boat at a figure
> greater than he had paid for it. Apparently it is against some
> Victorian law. I hope it's not true, most people with old boats have
> them valued at more than they paid for them.
> martinp N 52.183 E 4.467
>
> Rosetta Spacecraft: http://sci.esa.int/home/rosetta/index.cfm
> ISS www.heavens-above.com
>
With old cars, an insurance company will only accept this if you have agreed
value insurance. Is it the same with boats.
Paul
Kevin Warrington
> George) wrote:
>
> > On Tue, 06 Mar 2001 13:26:30 GMT, mi...@nbmajortom.com-nospam (Mike
> > George) wrote:
> >
> > >Any recommendations for reasonably-priced insurance for a liveaboard
> > >narrowboat, to include contents?
> >
> > Sorry to have generated discord with this one. There was only one
> > positive recommendation - any others? Any stories of good service and,
> > more importantly, claims being paid without hassle?
>
> claim being rejected, because he had valued his boat at a figure
> greater than he had paid for it. Apparently it is against some
> Victorian law. I hope it's not true, most people with old boats have
> them valued at more than they paid for them.
> --
> martinp N 52.183 E 4.467
>
> Rosetta Spacecraft: http://sci.esa.int/home/rosetta/index.cfm
> ISS www.heavens-above.com
>
healthy discount on the new build because we allowed the boat to be taken to
a show. The insurance broker was unhappy with our valuation for insurance
because we quoted the gross cost (ie what it would have cost us if we had
not had the discount applied because of allowing the builder to take the
boat to the show), even though we had documentation from the builder
explicitly stating that a one-off discount had been applied precisely
because of going to the show.
Eventually, we found that going to one of the direct sale companies and
explaining exactly the circumstances solved the problem. It's fairly
obvious why any insurance company will not be happy with an over-valuation.
--
Regards,
Kevin J. Warrington, IEng MIIE
kj.war...@virgin.net
http://freespace.virgin.net/kj.warrington
Brian J Goggin
<mike...@which.net> wrote:
>martinp <mar...@wanadoo.nl> wrote in message
>news:ulr4btcghm86c65h5...@4ax.com...
>
>> Somebody on uk.rec.sailing had a horror story today of an insurance
>> claim being rejected, because he had valued his boat at a figure
>> greater than he had paid for it. Apparently it is against some
>> Victorian law. I hope it's not true, most people with old boats have
>> them valued at more than they paid for them.
>
>I understand that it's one of the principles of insurance law, that an
>insurance claim should normally only put you back at the state you were
>before the accident (or whatever) happened. So the insurers should
>reimburse you with the cost of getting your boat (ort whatever) back to the
>condition it was in before the accident (or whatever). If your boat/thingy
>is a write-off, the insurer's liability is for the value the thing had
>before you blew it up/whatever.
>
>I assume that those insurers who offer "as new" replacement insurance charge
>bigger premiums than those who stick to the letter of what I've described
>above.
According to an RYA manual on the web at
http://www.intuitivemedia.com/RYA/REDTAPE.pdf
===begins=====
5.10.2 Value of vessel
Marine insurance is unique in that the underwriters may not
limit claims to market value as in the case of a car insurance, or
to replacement value as in the case of a building. The marine
insurance contract allows for an agreed value, which will
normally be the market value but which, for any number of good
reasons, may by negotiation be considerably more (or less) than
the market value. A false valuation stated by the insured on his
proposal could be held by a court to be a material non-disclosure,
thus invalidating the policy in the event of a claim,
unless the valuation is accompanied by some explanation as to
why market value was inappropriate in that particular case.
===ends=====
That is more or less what I remembered the situation to be.
bjg
Brian on Harnser
news:dlr7bt0kregv4bk3d...@4ax.com...
> On Fri, 16 Mar 2001 22:08:34 -0000, "Mike Stevens"
> <mike...@which.net> wrote:
>
> >martinp <mar...@wanadoo.nl> wrote in message
> >news:ulr4btcghm86c65h5...@4ax.com...
> >
> >> Somebody on uk.rec.sailing had a horror story today of an insurance
> >> claim being rejected, because he had valued his boat at a figure
> >> greater than he had paid for it. Apparently it is against some
> >> Victorian law. I hope it's not true, most people with old boats have
> >> them valued at more than they paid for them.
> >
> According to an RYA manual on the web at
> http://www.intuitivemedia.com/RYA/REDTAPE.pdf
>
> ===begins=====
>
> 5.10.2 Value of vessel
> Marine insurance is unique in that the underwriters may not
> limit claims to market value as in the case of a car insurance, or
> to replacement value as in the case of a building. The marine
> insurance contract allows for an agreed value, which will
> normally be the market value but which, for any number of good
> reasons, may by negotiation be considerably more (or less) than
> the market value. A false valuation stated by the insured on his
> proposal could be held by a court to be a material non-disclosure,
> thus invalidating the policy in the event of a claim,
> unless the valuation is accompanied by some explanation as to
> why market value was inappropriate in that particular case.
>
> ===ends=====
>
> That is more or less what I remembered the situation to be.
>
When I insured the Narrowboat I am in the process of fitting out the
Insurance Company insisted that I insured it for the value it would be when
it was completed, not the value as it stood, going up by increments every
year until complete.
--
--
Brian from sunny Suffolk by the river Hundred
> bjg
>