Why Buy Small Boat Insurance?

Many of those who own small boats do not necessarily immediately think about insurance, but why? The reason is simply that the low cost of the vessel results in a lower perceived exposure to financial loss, after all the boats are usually cheaper than most other vessel types so less expensive to replace. What is more, it is also certainly true that small boat insurance is not a legal requirement (except for a handful for private UK waterways). However if you were to consider that every year we consistently and regularly process many claims for small boat insurance customers, more so in fact than for larger vessels such as canal boats or yachts, then you appreciate that every year we provide very welcome relief for all those small boat owners.

That relief is peace of mind and enabling customers to make claims gives us great satisfaction, but even more so is that the ‘peace of mind’ provided does not just affect your small boat. That peace of mind is also the knowledge that you have £2-3 million liability cover as standard (with third party policies or comprehensive policies) which provides protection against any accidental damage or collisions you may cause to other vessels of marine property (e.g. moorings etc).

Finally the point we would like to make to all those still unsure about the benefits of small boat insurance is simply this. A decent quality of small boat insurance does not need to cost a great deal. Larger or less independent brokerages/ underwriters will likely charge more but see listed below are our typical third party cover costs for small vessels including all taxes and administrative cost (see our compare boat insurance page for latest prices for these an other vessels).

  • Dinghy insurance from £26.25  (third party) or £26.79 (fully comprehensive)...including racing cover and cover whilst stored (which unfortunately is when most dinghies get stolen)
  • Rowing boat insurance, from £35.57 (third party) or £43.86 (fully comprehensive)... policies available for 1, 2, 4 and 8 man boats.
  • Cruiser insurance from £50.42 (third party) or £72.60 (fully comprehensive)... based upon UK inland waterway cruising.

Hopefully therefore you will agree that the cost of small boat insurance need not be inhibitive and furthermore you will also agree that it provides much more benefit than simply the replacement or repair of a small low value boat (an item which for some due to their low replacement cost is not considered an item of financial risk). Boat insurance is ultimate peace of mind and protection for a wide variety of unforeseen circumstances. Therefore why delay? Get a quotation today, using our website's insurance quotation engine you can be covered quite literally within minutes!

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