Boat Insurance – The Key Factors That Determine Your Quote!

This marine insurance article reviews the key price calculation factors that will ultimately determine the boat insurance quotation for inland waterways vessels. Whether you own a dutch barge, narrowboat, houseboat or other type of barge in insurance terms the vast majority of boat insurance companies will categorise them as the same. The reason for this is perhaps partly due to simplicity (there are already too many boat types the boat insurance companies have to create and maintain premium calculation rules for!), but actually the key reason is because the inherent risk of a claim between these categories is very similar. Luckily if you own a barge this immediately guarantees you lower rates of insurance levy, with fast powerboats/ yachts attracting the highest levies for obvious reasons (greater speed = greater claims!). Regardless of boat insurance category however all good boat insurance companies will firstly offer you the option of either comprehensive or third party only insurance.

As you might guess this option is actually the single biggest criteria in determining your insurance cost as you are effectively stating whether the insurer must pay a claim on one or two vessels in the event of an incident and you are found at fault. Third party insurances are usually calculated as a fixed price, but assuming you select comprehensive insurance, the second key factor determining the price of any boat insurance quote is inevitably the total value of your vessel. Insurance companies literally take the value of the vessel (plus an additional quoted items you state for coverage e.g. generator, ouboard) and multiply it by a specific percentage rate (i.e. vessel value x 0.#%). When it comes to inland waterways insurance the rate applied is normally fairly static however the rate can be on a sliding scale (i.e. reducing gradually for higher valued boats) but also age may well be classed as a factor (i.e. as boats age the probability of hull disrepair increases the likelihood of accidental sinking). The third key factor that will affect your quote will be (similar to most insurance types), years no claims bonus. Most insurers provide 5 years but some do provide 6 years. For each and every year without a claim a percentage will be knocked off your final insurance cost up to the maximum number of years. The remaining factors determining your insurance cost are often then optional. Clearly taking up additional optional items incurs a cost (or risk) for the insurer and as a result inevitably affects the price;

  • Breakdown cover (usually a fixed price)
  • Contents cover (depends on the type and value of contents being covered & normally requires direct contact with insurance staff)
  • No claims bonus protection (when available at a small percentage rate)

Finally there are also one or two other factors which may be taken into consideration (this all depends on individual insurers) which perhaps don’t affect a majority but inevitably will affect some. For example, not having a mooring (roaming boats are of greater risk to insurers due to increased movement) or requirement for access to tidal areas e.g. on the River Severn near Gloucester, UK for instance. Somewhat surprisingly whilst most insurers will stipulate an age of 18 or over, thereafter age is not a factor upon boat insurance cost. Those over 70 however may find exemptions from personal injury claims.

Can A Boat Tracker Protect Your Boat From Theft?

If you own a fleet of boats for personal or commercial purpose, it is important to consider its safety and security. First, you must take a proactive approach and note down the serial number including hull and engine number of each vessel.

Second, you must install a portable and compact boat tracker for live tracking purpose. It can definitely protect it from theft because it has got some useful technical features.

#1 – Easy To Use

• A tracker is a light-weighted device and does not consume much space. It is very easy to install the device inside the engine or near to the battery.

• You just need to connect it directly to the power source to start live tracking immediately.

#2 – Centralized Fleet Management

• If you run a commercial fleet business, you can use the fleet management console to add employees and boats easily.

• You can assign employees against multiple boats for monitoring purpose.

#3 – Live Tracking

• It is very easy to track the fleet through your laptop or mobile from a secure login.

• You can set geofencing limits from the web console to get automatic SMS alerts on your phone if the boat leaves outside the set geographical perimeter area.

• It is also possible to review the route history and play the animated map replay option to retrace a vehicle’s route for a date and time interval. You can also find the time and the boat’s estimated speed.

#4 – Driver Efficiency Management

• A robust tracking device will calculate the rating of driving behavior and send a customized report.

• The report will include the driver’s violations of the basic functions (over-speed, geofencing, and excessive idle etc.) and penalty points received against each case.

• You can give statistical feedback to each driver or employee.

• It will help to run a lean and productive business operation unit.

• It also reduces the chances of theft as drivers and employees will remain alert and attentive due to the system’s automated algorithms.

#5 – Reports

• You can extract customized reports in graphical and statistical format for detailed trip history, SOS button events log, fall detection sensor log, fuel status, and speed violation instances to monitor, supervise, and protect the boats from theft.

• You can even schedule reports and receive them on your smartphone easily. It will save time and resources.

#6 – Remote Shutdown

• The tracker provides the option to remotely immobilize or shut down the boat power system.

• You just need to send an SMS from your mobile phone to shut it down and prevent any unauthorized use.

#7 – Two-Way Communication

• You can easily connect the tracker to a microphone and speaker for a seamless two-way on-demand communication.

• It is very easy to talk to the driver and listen from any remote location.

• You can record the conversation and listen to it through a 3rd party software integrated with the tracking system.

Title – Wet Dreams – Author – Douglas Danielson – Book Reviews

Untie the dock lines, cast off and jump aboard Douglas Danielson’s book, entitled “Wet Dreams,” also the name of a posh 70 foot Hatteras yacht adorned with babes and booze, partying just off the coast of L.A. at Catalina Island. The reader’s voyage will take one upon turbulent waters of a young lady missing from her “filthy rich” daddy, as Jake Mortensen and Buddy Wright seek to find out the answers to the questions of her whereabouts. Along the way, the story tacks against the wind as Buddy receives a death threat from what seems to be an ex-Vietnam-vet. Station a cop character at the bow with a memorable name, Virgil Klean. Add the undercurrent of Jake’s attractive and explosive exotic Chinese-American girlfriend, Toey Wong, losing her cool doubting her relationship unjustifiably. What you get is a mystery novel of extraordinary entertainment buoyancy floating in your mind. Remembering, as some of the characters are also true surfers, all landlubbing matters cease when the awesome curls are breaking and “surf’s up.”

Stuffed with vernacular from the boating world, Douglas Danielson writes in a very relaxed, conversational style, as if you were having lunch with him at a Yacht Club and he was telling you the story first hand. His depth of knowledge about the intricacies of sea-fearing vessels, and his familiarity with the lifestyle and people that command the wheelhouse and sleep in its staterooms, goes fathoms beyond what might be known to an average reader. The skill of Doug Danielson’s writing is demonstrated when he takes this information, which is of keen interest to him, and makes it easily assimilated and definitely very enjoyable to others as well. His book takes a steady course building on some of his interesting characters from his earlier work, Shore Loser, however Wet Dreams stands on its own sea-legs as being a ship-shape novel.

The years of experiences and knowledge Doug Danielson has amassed in the boating industry shines through in his work, giving his characters a rather wise and expert analytical quality. Knowing more about boating details then assumably any reader, he respects the intelligence of his audience by filling in the sentence structures to become very educational. In essence, I’ve learned quite a bit about yachting from reading the descriptions Douglas Danielson wonderfully entwines within his story. Aside from boating lingo, his use of scene structure is also quite admirable, enabling an uncanny efficiency in descriptions resulting in the reader’s clear imaging.

“Wet Dreams” would make a great movie. The picturesque settings of luxury yachts, the scantily clad sun-tanned eye candy characters, and the casual shorts and T-shirt lifestyle of Jake and Buddy no doubt would be enjoyable viewing. Also, filming just off the coast of L.A. would be fun for the cast & crew. The only detail I see would possibly need to change is the title from “Wet Dreams,” as people might get the wrong idea when driving past the marquee of the movie theatre, not knowing it’s just the name of a yacht. At least on the cover of the book is a photo of a surfer ripping through the pipe being chased by an avalanche wave, as any surfer knows, dream waves, “Wet Dreams.”