What happens if I cannot visit my boat during the Covid-19 pandemic?
We understand that due to the Covid-19 outbreak you may be unable to visit your boat. Read our FAQs for this situation.
I have some expensive equipment onboard. Will this be covered on and off the water?
Our motor boat and speed boat insurance policy covers a number of items, including things you’d carry on your person such as digital compasses, or pocket knives. These smaller items do have a single article limit of £300. However, you can also cover more expensive items such as onboard GPS equipment and outboard motors. All you need to do is let us know what you’d like covered, so we can include it in your sums insured. Please let us know if you would like to cover any items over the £300 single article limit.
Are there any restrictions on my cruising range?
Yes. For example, we can’t usually cover you in the Caribbean or the Baltic seas. You’ll also need to let us know if you want to change your cruising range from what you originally agreed when you set up your policy. See the question below for more detail.
If I need to make changes to my policy, can I do this half way through?
Things never stand still in the world of boating, so if you’ve installed the latest gadget and you need your sums insured updated or you’ve changed your mooring arrangements or cruising range, give us a call and we’ll update your policy.
Do I need to get my boat surveyed?
If your GRP boat is over 35 years old, we will require sight of the survey. Furthermore, you will need your craft to be evaluated every 10 years thereafter. Wooden or steel boats need to be surveryed at 30 years old, and then every 5 years after.
Can I get third-party liability cover for older craft?
Yes, we also provide liability for those actively using older boats on slipways or launching onto the water. It meets most requirements for inland waters, such as The Thames, Norfolk Broads, lakes and canals. This third-party cover product includes the removal and disposal of wrecked craft, as well as the re-floating and removal of damaged craft (under 60 years old).
How do I qualify for discounts on my premium?
In some ways, boat insurance works like car insurance. If you’re an experienced driver and you keep your car in a garage at home, your premium will be lower. Similarly, if you’re an experienced boater with an RYA qualification who keeps their boat in a marina, we’ll offer you discounts on your premium. Also, let us know if you have any RYA powerboat qualifications to take advantage of further discounts.
Can I pay in instalments?
If you would prefer to spread the cost of your policy, you have the option of setting up a Direct Debit to pay your premium in equal monthly instalments through our preferred provider, Premium Credit Limited (PCL).
To find out more about PCL and direct debit payments, select Direct Debit.
To understand more about how PCL work together with Towergate, please read our Regulatory Information.