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John Tetlow
168 Posts
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1
18th November 2019 - 12:19 pm
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I have been insured with East Coast Mutual Yacht Insurance Association since 2005 and I believe some other owners of Twisters also have.

This morning I learned that ECMYIA is to be wound up and cover will expire on 31st March 2020.

This is sad news and means that those of us affected will have to seek another insurer.

One advantage of ECMYIA as an insurer was that it did not require its members to have their yachts surveyed. This means I will have to have "Tammie Norie" surveyed in Southern Brittany, where she is kept.

Two questions:

1. What insurers can other Twister owners recommend? Preferably ones sympathetic to old boats with elderly owners lacking formal qualifications!

2. Can anyone recommend a surveyor in Southern Brittany?

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Justin Butler
144 Posts
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2
18th November 2019 - 4:48 pm
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I'll follow this thread with interest.. I've used Edward Williams, online, and been quoted by pantanious. Both of whom have only offered third party cover at anything approaching a good rate (still over 200 quid). I presently rely on luck and judgement, more of the former of course. Foolish perhaps, but 200 pounds is alot of varnish and iroko. No survey or qualifications required at time of quote

Justin

Roquetta

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John MacMullen and Ann Musgrave
130 Posts
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3
18th November 2019 - 10:04 pm
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We're in the same boat John, figuratively speaking. I'll be following this thread closely and will, of course, keep you informed of anything I find out.

John

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Stephen Moorey
206 Posts
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4
19th November 2019 - 1:41 pm
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Hi,

I contacted Edward Williams and received a very favourable third party quotation from them. cover requested included racing.  quite a bit less than £200 and no need for survey.  Seams really reasonable for a boat over 50 years.  most insurance now require a survey if over 40 years old.

Stephen 

Helix

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John MacMullen and Ann Musgrave
130 Posts
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5
19th November 2019 - 5:38 pm
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Not too sure about this one. I googled Edward William and found some interesting stuff on the YBW forum. There appears to be a question as to whether they are even authorised to write business in the UK. Problem is that promises are cheap, the crunch comes if and when you need to make a claim and picking up the tab yourself doesn't bear thinking about.

Caveat Emptor: If it seems to be too good to be true ...........

John

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Justin Butler
144 Posts
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6
19th November 2019 - 5:51 pm
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How much were you actually quoted Stephen? I was quoted 225 by the for third party only

Regards,

Justin

Roquetta

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Stephen Moorey
206 Posts
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7
19th November 2019 - 6:02 pm
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Hi Justin,

I was quoted £167 for third party & salvage. covers racing but not sailing at night. south coast cruising grounds. on the hard between Nov -march. excess of £500 per claim.  Seamed a good price for third party. 

Stephen

Helix

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Justin Butler
144 Posts
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8
19th November 2019 - 6:16 pm
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I see, I went for a lower excess and day/night/whenever I feel like it cover, that's probably alot to do with it. I just read the YBW forum that John referred to, scarey stuff, when I can afford it I'll probably go with pantanious unless a better option presents. I just spent three hundred pounds on marine plywood and iroko coving, that brings the total maintenance bill to about a thousand pounds this year. It hurts, it really does

Regards,

Justin

Roquetta

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Stephen Moorey
206 Posts
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9
19th November 2019 - 6:33 pm
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John MacMullen said
Not too sure about this one. I googled Edward William and found some interesting stuff on the YBW forum. There appears to be a question as to whether they are even authorised to write business in the UK. Problem is that promises are cheap, the crunch comes if and when you need to make a claim and picking up the tab yourself doesn't bear thinking about.

Caveat Emptor: If it seems to be too good to be true ...........

John  

Hi John,

my previous insurance was with Yachting247.  the premium was approx. 150.00. however they will require a survey this time.  These are third party insurance policies only.  I would find it hard to believe if you entered in to a contract with a company to provide an insurance policy, that you could find yourself being liable.  There are so many companies operating in this type of market.  there is a risk with all of them.  I don't think Caveat Emptor applies in this situation.

Lets see what other options are out there.

Stephen

Helix 

  

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Stephen Moorey
206 Posts
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10
19th November 2019 - 6:39 pm
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Justin Butler said
I see, I went for a lower excess and day/night/whenever I feel like it cover, that's probably alot to do with it. I just read the YBW forum that John referred to, scarey stuff, when I can afford it I'll probably go with pantanious unless a better option presents. I just spent three hundred pounds on marine plywood and iroko coving, that brings the total maintenance bill to about a thousand pounds this year. It hurts, it really does

Regards,

Justin

Roquetta  

 

Justin,

I thought Pantanious required a recent survey?.  I seam to recall a quote recently that required a survey within the last 10 years and you had to confirm all the recommendations had been carried out.  Ill have a read on YBW regarding the above.  

 

Stephen 

Helix

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Justin Butler
144 Posts
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11
19th November 2019 - 6:49 pm
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I'm going to get a quote from them now, I'll post here when I know.i had Roquetta surveyed when I bought so I've got a survey

Justin

Roquetta

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John MacMullen and Ann Musgrave
130 Posts
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12
19th November 2019 - 6:59 pm
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This is what the FCA have to say about them:

https://register.fca.org.uk/Sh.....00m4JFIAA2

It's current. Don't waste your money!

John

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Justin Butler
144 Posts
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13
19th November 2019 - 7:07 pm
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Well spotted John, I wish I had seen this before I insured with them. I'm not insured with them currently thankfully

Justin

Roquetta

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Stephen Moorey
206 Posts
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14
19th November 2019 - 7:38 pm
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Well given the information available now I suspect Caveat Emptor does apply.  I wont proceed with that option then.  

Stephen.

Helix 

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Crispin Bonham Carter
81 Posts
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15
19th November 2019 - 9:23 pm
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Yikes... I'm currently insured with Edward William... What a schmuck... 

I'm currently on the hard, though, so should I just leave it till re-launch time?

There's not too much risk on land is there...?

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