While those sailing upon the waterways in the UK are not required by law to take out boat insurance, Insure My Boat urge all boat owners to purchase the cover.
A small annual or monthly payment could protect thousands of pounds worth of investment in the event of fire, vandalism, theft or accidental damage . David Quick, MD of the firm, said: “One of the best ways that we think that boat owners can enhance their safety and security whilst sailing, is by purchasing boat insurance .”
The company believes that the main reason why boat owners fail to purchase cover is that finding a suitable quotation can be time consuming. Unlike mainstream varieties, there has not previously been available a service for individuals to quickly compare quotes .
However, Insure My Boat have designed an innovative system that enables every boat owner to purchase insurance online . By inputting information about their boat, individuals can receive a list of policies which have been tailored to their requirements.