boaty help required
Discussion
Hi guys,
We've just changed/updated our yacht insurance pages, and would appreciate it if you boating types could try submitting a couple of test quote requests for us. Just so we know it makes sense to boat owners.
http://www.lockyers.co.uk/business-insurance/yacht...
please use TEST as your surname.
Thanks in advance
Regards
Jon
We've just changed/updated our yacht insurance pages, and would appreciate it if you boating types could try submitting a couple of test quote requests for us. Just so we know it makes sense to boat owners.
http://www.lockyers.co.uk/business-insurance/yacht...
please use TEST as your surname.
Thanks in advance
Regards
Jon
I think you have answered the question yourself. If I put down private and pleasure I don't want (need) to be asked questions that relate to charter and vice versa.
As you rightly say bareboat is a charter term and should only be asked of those it is relevant to who would understand it. And conversely the additional question doesn't need to be asked of a charter individual / company, the only pertinent question being qualifications carried for a skippered charter.
As you rightly say bareboat is a charter term and should only be asked of those it is relevant to who would understand it. And conversely the additional question doesn't need to be asked of a charter individual / company, the only pertinent question being qualifications carried for a skippered charter.
MOTORVATOR said:
Do you Pilot the Craft Yourself or Use A Skipper
Pilot, skipper, helmsman...AFAIK a pilot either drives an airplane or is a chap who gets onto big ships to guide them into port.
Which leaves Skipper and Helmsman. And probably Captain, which can be a verb.
It's a big field as you have millionaires with crew at one end, ocean-going yachtsman at another and small inland users (like Commander Simpo RMN) at a third end...
MOTORVATOR said:
You've gone and got yourself one of those peaked caps haven't you? Does it have gold braid.
You'll be pleased to hear that although some friends were planning to buy me one I told them it was naff!I much prefer my Japanese Admiral's uniform. 'Atora Atora Atora' - attack with suet.
Made some changes, given a private owner may want to charter the vessel out. Does this flow better?
http://www.lockyers.co.uk/business-insurance/yacht...
http://www.lockyers.co.uk/business-insurance/yacht...
Slightly off topic, but how much (very, very approximately) would adding bareboat charter on to a private policy add to the premium?
Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
maser_spyder said:
Slightly off topic, but how much (very, very approximately) would adding bareboat charter on to a private policy add to the premium?
Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
If you can get it (much twisting of underwriters arms needed), your looking at around 300% load and onerous terms. Whereas skippered charter add's very little as long as the vehicle is coded (if required).Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
insurance_jon said:
maser_spyder said:
Slightly off topic, but how much (very, very approximately) would adding bareboat charter on to a private policy add to the premium?
Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
If you can get it (much twisting of underwriters arms needed), your looking at around 300% load and onerous terms. Whereas skippered charter add's very little as long as the vehicle is coded (if required).Don't want to hold you to anything, just interested if it's 20% more, or 200% more.
Assuming 40' sailing yacht, standard make/type (call it a Bavaria 39 or something).
We're thinking of adding to our fleet (so I can call myself 'Commodore' - stick that up your trumpet Commander Simpo RNM ), just interested as to what extent the insurance would change if we decided to go bigger and get some charter revenue to offset the extra costs.
I thought every charter boat (anything used for commercial purposes of any sort) had to be coded though?
So basically, insurance for bareboat charter is around three times the cost of a personal policy. Just to make sure I'm in the right ball park!
That's not actually too bad, given what we're looking to spend, and what the potential returns could be based on where she'll be living.
maser_spyder said:
That's interesting.
I thought every charter boat (anything used for commercial purposes of any sort) had to be coded though?
I might be wrong but I thought that was only if you carry the british flag. I guess where ever you register her will have their own standard (or not) but then there must also be some rules that apply from the countries waters she operates in.I thought every charter boat (anything used for commercial purposes of any sort) had to be coded though?
Yup any yacht used anywhere in the world HAS to be coded to standards of the flagged country.
The flagged country will then dictate which countries the vessel can operate in. For example a UK flagged vessel cannot operate in US waters (without lots of strange paperwork to hand it over to US citizen) and a US vessel can only operate in European waters under charter with a permit. This is normally basically charged at European VAT rates on the yacht.
As with anything there are loop holes etc but remember the skipper is ultimately responsible when operating the vessel so be careful about paperwork.
The flagged country will then dictate which countries the vessel can operate in. For example a UK flagged vessel cannot operate in US waters (without lots of strange paperwork to hand it over to US citizen) and a US vessel can only operate in European waters under charter with a permit. This is normally basically charged at European VAT rates on the yacht.
As with anything there are loop holes etc but remember the skipper is ultimately responsible when operating the vessel so be careful about paperwork.
MOTORVATOR said:
maser_spyder said:
That's interesting.
I thought every charter boat (anything used for commercial purposes of any sort) had to be coded though?
I might be wrong but I thought that was only if you carry the british flag. I guess where ever you register her will have their own standard (or not) but then there must also be some rules that apply from the countries waters she operates in.I thought every charter boat (anything used for commercial purposes of any sort) had to be coded though?
I guess it's like the big container and oil ships, where they are checked whilst in port, and aren't allowed to leave until they're up to standard to be used in this part of the world. The MCA publishes a list of which ships have been impounded until remedial works are undertaken, I remember reading it online once.
ETA - http://www.dft.gov.uk/mca/mcga07-home/newsandpubli...
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