Date: July 2012
Buying a boat is probably one of the biggest purchase decisions after your home – perhaps it’s the most important purchase made in a lifetime, but research suggests that people spend a fraction of the time they spend on home insurance on their boat cover. These tips from La Playa will help protect your wallet - and those precious hours on the water - from nasty hitches.
Staying the right side of international law, restrictions around boat modification and establishing the right level of cover for crew are just a few areas where people struggle with boat insurance; and without an expert on hand you could end up in murky waters. Mike Taylor-West, Head of La Playa Private Client Marine, and a seasoned sailor, advises: “Spend time with your broker talking through your priorities and lifestyle. And prevention is better than cure, so follow these tips to make sure your insurance policy won’t let you down when you most need it.”
Ten steps to the ‘TLC’ boating protection:
Specialist & Independent
Our Marine team has decades of experience in yacht insurance – we can guide you through the decision-making process, providing personalised risk advice and protecting your precious downtime. We provide a human face to make sense of marine insurance – real people who work with you at your pace, providing as much (or as little) detail as you wish.
But what makes us unusual is our “portfolio” approach, allowing you to combine your marine, home and vehicle insurance needs. This is no “bolt-on”: by streamlining specialist marine insurance with high net worth home and motor cover, we present an overall more attractive risk package to the insurer. This can mean better rates and time savings - just one payment and a single policy anniversary, minimising the possibilities for gaps in cover and maximising your peace of mind.
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We also offer Investments & Pensions and Financial Planning: a joined up approach with a team of advisers working for your best financial interests - all under one roof.
Advice You Can Trust
…from an expert who understands you