insurance Edward William Marine Services
Has anyone had any dealings with the insurance company, Edward William Marine Services ? Their rates seem good and they donít need a currant survey( mine is two years old) as they stipulate the vessel must at all times be in a sea worthy condition and this is assessed at the time of a claim.
Thanks in advance.
Two years old Simon?? You bought the boat in Jan 2008 didn't you? My last insurance had a 2 year survey stipulation; and it was "to the day", and luckily I was able to send in the survey 2 days before it "expired". So if your survey was in Dec 07 it -should- still be valid until the end of the year (but of course that would depend on the insurance underwriter).
What is "sea-worthy" condition? That sounds like a huge loophole; as if the boat sinks it is obviously not "sea-worthy" at the time of the sinking. I would definitely ask for clarification and a definition of the term.
When are you coming back to US to buy another boat? It's a buyer's market here now!! :D :D
Hi Russ, two years was easier to type than 15 months. In Oz you need the survey to be not more than 12 months and there is only a few major insurers here that will give appropriate cover for a price, and spending $1000 on a lift and survey is a bit rough. I was put on to this mob by 2 yachties here. offer world wide covarage but the owness is on you to keep you boat sea wothy condition, that is in such a condition as to be resonable fit for its intended purpose. I guess if your rigging was 20 yrs old you wouldnt expect them to pay if you lost the rig. Not comming over for a while happy here at the moment and as I spent so much time in the brokers office drinking their coffee they gave me a job. HAD TO WEAR SHOES FOR THE FIRST TIME IN 12 months
Re: insurance Edward William Marine Services
Edward William Insurance is unregulated, there is a warning about them on the Financial Conduct Authority website, they have a track record of not paying claims and are almost certainly just a scam.
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