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TI Insurance Australia http://www.hobie.com/au/en/forums/viewtopic.php?f=71&t=58614	Page 1 of 1

Author:	BradK [ Fri Jul 29, 2016 2:54 am ]
Post subject:	TI Insurance Australia
Hi I had a search but there are no recent posts I could find about this. I've just put a deposit on on a new TI. While at the Sydney Boatshow I asked at the Club Marine Insurance stand about insuring a Tandem Island. After explaining what a TI was he told me "we wouldn't insure that because it doesn't have a motor". The Hobie guys at the stand next door were a bit surprised about this indicating that they had other Hobie's owners insured with Club Marine. The Hobie sales guy also suggested that I could get my new TI included on my home contents policy. This would be cheaper and will cover me for theft ( which Is the main reason I want insurance) however it won't cover me for damage while sailing (which doesn't worry me too much) or public liability ( which does worry me) I had lots of problems finding an insurance company to cover my TrailerTri and ended up using a broker, after ringing every company I could find, and getting cover from a company who knocked me back when I rang them direct What are others doing? Do I need public liability? What company do I ring without going right through the phone book? Thanks Brad

Author:	pro10is [ Fri Jul 29, 2016 5:17 am ]
Post subject:	Re: TI Insurance Australia
I ran into this issue when I went to insure my TI. I first tried to insure it with a typical boat policy like I always did with my power boats. This proved to be very difficult because the insurance companies did not know how to handle a boat such as the TI. At this point I contacted a local Insurance Agency (broker) rather than continuing to try to contact the insurance companies myself. They proved to be invaluable and quickly came up with a solution. They added a "watercraft endorsement" to my homeowners policy. It covers the TI (and its trailer) for fire, theft, liability, and collision. There were different prices for whatever deductible I wanted. I chose a $500 deductible and the policy costs me only $55 USD per year. Perfect. I assume you have Insurance Agencies in Australia. Try contacting one of them or talk directly to your home insurance company and ask for a watercraft endorsement.

Author:	keenbean [ Fri Jul 29, 2016 4:26 pm ]
Post subject:	Re: TI Insurance Australia
Easy answer: NRMA I went through this last year. I had the TI on my home and contents with YouI when it was "stored at home" for $80/year.... As soon as i put it on a trailer and at a storage location the questions from the same insurer YouI were suddenly incredible: - what is youngest age of person who will steer vessel - what communication device onboard - what safety equipment? Epirb? - how fast does vessel go? - what is the sail area? - at least another 10 questions, and when i asked how do i know youngest age, they said call up each time... Cost went from$80/year to $1200/year I was immensely frustrated that as soon as it was stored off my property the water attributes sudddenly mattered. Anyway, NRMA sorted, ~$350/year inc $3500 for my trailer, ~$8500 for TI and all hobie accessories, and all stored away from my home. I have no other policies with NRMA. Sent from my iPhone using Tapatalk

Author:	tonystott [ Fri Jul 29, 2016 9:16 pm ]
Post subject:	Re: TI Insurance Australia
You will no doubt have seen my earlier posts, but I can say that I have been with NRMA since I bought my TI in 2012, and it costs me $302 pa for cover of.$8280. Thanks for reminding me... I must ring and get the spinnaker added to the inventory.

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