Whether you consider yourself an expert or you’re completely new to dinghy sailing, it’s well worth considering dinghy insurance.
Dinghy insurance is a form of financial protection should your dinghy be stolen or accidentally damaged. Insurance can also cover you if you were to accidentally damage someone else’s property or injure another person. Without insurance, you run the risk of having to pay out yourself.
Below, you will learn more about how specialist dinghy insurance works and how you can build the perfect cover to suit your needs.
Through Insure4Boats, you can protect your dinghy against theft, accidental damage, malicious damage and salvage charges. We also offer £3 million Third Party Liability cover as standard.
Dinghy insurance also comes with a range of optional extras, meaning you can build the perfect insurance policy to suit your needs.
Here is a summary of dinghy insurance. You can find full terms and conditions in the Insurance Booklet.
• £3 million Third Party Liability
• Accidental loss or damage to your dinghy
• Malicious damage
• Theft of your dinghy
• Accidental damage caused by fire, explosion, collision, stranding, grounding and heavy weather
• Accidental damage caused to another boat or property, or injury to another person
• Salvage charges and expenses incurred in preventing or minimising damage to your dinghy
• Legal costs incurred due to damage to a third-party boat or property, or injury to a third-party person
• Damage caused by insects, marine borers, barnacles, marine growth, vermin, fungi or molluscs
• Damage caused by corrosion, rot, rust, mildew, dampness, weathering, electrolysis, osmosis
• Theft by a person to whom the dinghy was entrusted
• The excess of any agreed claim
• European cover
• Winter cover
• War or terrorism damage
• Road transit cover
Third Party liability
With Third Party liability insurance, you’re covered for what you’re legally liable to pay if someone is seriously injured or sadly dies after a collision with your dinghy. This also covers the cost of damages to another person’s boat or their property.
While on your dinghy, you accidentally collide with another boat. The incident causes damage to the boat. With dinghy insurance, you would be covered for the cost of the damages.
Theft
Insurance will protect you against the theft or attempted theft of your dinghy. Please refer to the Insurance Booklet for more information on how theft cover works.
Your dinghy is stolen from storage, despite being locked securely. While you do eventually find the dinghy, you discover that it has become damaged beyond repair. Insurance would cover you in this scenario.
Malicious damage
This covers damage or loss of your dinghy when it’s caused by a malicious act by another person. However, you must have reported the incident to the police and obtained a crime reference number when you make a claim.
While on your dinghy, someone in another boat intentionally crashes into you, which causes severe damage. Once you have contacted the police, you would be able to make an insurance claim.
Increased standard Third Party Liability cover
Increase your standard third-party liability cover from £3 million to £5 million for just £40 plus IPT (insurance premium tax).
European cover
You may use your vessel on inland and coastal waters of UK, Eire but limited to the Irish Sea and Continental Europe but limited to Belgium, Holland, and France but not West of Brest for a maximum of 60 days at any one time.
Road Transit
If you regularly tow your boat between where you sail and where you keep it, make sure it’s covered in transit against accidental damage, theft or loss, by adding Road Transit to your policy.
Winter cover
Our standard policy will cover you on coastal waters from the 1st April to 31st October. If you sail outside of these months (1st November to 31st March), Winter cover is essential. If your boat is used on inland waters only, you’re covered all year round as standard.
War
Although damage caused by war, strikes, terrorism and other associated risks are rare, the damage caused can be severe. Protect your boat against these risks by adding war cover to your policy.
Can I add another boat to my dinghy insurance policy?
No, you will need to purchase another insurance policy if you want to insure another boat.
Can my dinghy be insured under joint names?
Yes, anyone who has a financial interest in the dinghy can be named when you’re taking out a policy.
Is dinghy insurance a legal requirement?
No, dinghy insurance is not a legal requirement in the UK. However, you may find that some marinas will require you to have Third Party Liability insurance as a minimum. You’re also required to have Third Party Liability insurance to use your dinghy on UK inland waterways.
What information do I need to get a dinghy insurance quote?
To get a quote from us, you’ll need to know the type of policy you’re looking for and provide your personal details, the details of your dinghy, and your claims history. Get a quick quote online today.
Why insure your dinghy through us?
Dinghy Insurance through Insure4Boats protects your boat against theft, accidental and malicious damage, and salvage charges. It also includes up to £3m worth of Third Party Liability as standard, which protects you if your dinghy damages another boat, someone else’s property, or causes injury to another person.
You can increase your Liability cover to £5m for an increased premium, and you can also add European cover to your policy should you feel you need it.
If you haven’t found an answer to your question regarding our dinghy insurance, visit our FAQs page to find out more.
Not only is your dinghy one of your most prized possessions, but it can also be quite expensive as well. So, if the worst was to happen and your dinghy was damaged or stolen, you could end up having to pay out huge sums of money on repairs or even getting it replaced.
There’s also the risk that you could damage someone else’s boat while in your dinghy. Dinghy insurance comes with Third Party Liability, which would cover your legal liability should something like this ever happen.
The cost of insuring your dinghy is based on a range of factors, such as the age and value of your dinghy, where you’ll store it, and your claims history.
You could get up to a 25% no claims discount on your policy premium if you've made no claims in the past 5 years, plus a further 15% discount if you moor your boat in a recognised marina*.
The quickest way to find out the cost of insuring your dinghy is to get a quick online quote from us today.
*A secured and sheltered mooring complex, providing controlled access to berths, racking, compounds or pontoons, and 24-hour manned securing excluding facilities with floating or temporary breakwaters.
If you need to make a claim, then simply call us on 0333 400 9159 to speak with our claims handlers at MAC Marine Claims. Their opening hours are 9.00am to 5.30pm from Monday to Friday, excluding bank holidays. You can also send them an email at office@macmarineclaims.com.
You may use your vessel on inland and coastal waters of the UK, including Ireland but limited to the Irish Sea. You can choose to add Continental Europe too, limited to Belgium, Holland, and France but not West of Brest for a maximum of 60 days at any one time.
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