In the last decade financial product comparison sites have become the go-to place for consumers to compare insurance policies especially when those insurance policies come up for renewal every year. The yacht and boat insurance industry is no different in that there are a handful of yacht and boat insurance comparison sites available.
However, with the yacht and boat insurance sector being extremely niche and diverse, what are the pros and cons of using a comparison site?
Yacht & Boat Insurance Comparison – The Pros…
- It’s easy to compare multiple insurance companies and the policies available via yacht and boat insurance comparison Sites.
- You may come across insurance companies that you haven’t heard of before and might not have found otherwise.
- You will only have to complete one online form to get a yacht and boat insurance quote, saving you time.
- Using a yacht and boat insurance comparison site is essentially like using a yacht insurance broker as they will compare the market for you.
- Yacht and boat insurance comparison sites will enable you to compare insurance costs and rates from multiple companies which could save you money on your existing yacht insurance policy.
Yacht & Boat Insurance Comparison – The Cons…
- If you are looking for specialist boat insurance coverage and to insure a certain type of boat, you might not be able to compare the insurance policies that you would actually need.
- Even though yacht and boat insurance comparison sites are convenient they frequently only show a handful of boat insurance providers in the market. It would be best practice to search for Boat Insurance companies and brokers not listed on the comparison site too.
- There is a risk that you may not obtain the best boat insurance coverage as the policy wordings do vary significantly. Therefore in the worst case scenario, which of course what insurance is all about, you could be uninsured or only partially covered.
- Yacht and boat insurance comparison sites, do not fully offer the option to create a more bespoke yacht insurance policy more towards your exact requirements and sailing plans for the year. They are better suited to lower value boats which are marina-based and cruising local waters.
Admiral Marine – Yacht & Boat Insurance – What We Offer…
Admiral Marine is not currently listed on yacht and boat insurance comparison sites, but if you do use a comparison site to compare your latest insurance renewal cost, don’t forget to talk to us too.
Getting a quote from us is easy, you can complete an online yacht insurance quote form or if you would like to talk to a specialist, call +44 (0)1722 416106 to speak to a member of our experienced team.
If you are looking for boat insurance coverage for the World Cruising Club ARC Rally and World ARC Rally, Admiral Marine provides exclusive, comprehensive and bespoke insurance for these popular sailing rally events.
So, if you are looking to insure your Beneteau Yacht, Jeanneau Yacht, Hallberg Rassy Yacht, Cornish Crabber, Oyster Yacht, Hanse Yacht, Moody Yacht, Discovery Yacht, Rustler Yacht, Malo Yacht or an Arcona Yacht – just to name a few boat types and brands that we insure – then please request a quote today!
