Excesses on your dingy insurance
Hi, my names Ben Leach and I’m an advisor for Towergate. In this video I’m going to talk about the excess on your dingy insurance.
You’ll find excesses on most insurance policies and dinghy insurance is no exception. Excess is the first amount paid by the policy holder in the event of a claim. The amount they’re expected to pay is different from policy to policy.
With Towergate dinghy insurance, the excess differs according to the type of dinghy you own. That means the slower, less technical dinghies have lower excesses and the faster, more technical dinghies have higher excesses.
For example, the insurance on a beginner dinghy like a Topper will be much lower than on a dinghy with hydrofoils like a moth.
Your excess will also increase if you decide to race your dinghy. Racing often involves greater risk of damage to your dinghy and that’s why a greater excess applies. It’s important to note that if you don’t tell us you’re racing and your dinghy gets damaged in a race, your cover may be void.
When you take out your dinghy policy, be sure to ask about excesses to make sure you’re aware of what you may be asked to pay in the event of a claim.
Simply give us a call more information.