Catamaran Insurance
| Insurer | Outstanding Policy Features | Quote |
|---|---|---|
| Cover reflecting the use of the craft, cruising, club racing or national; championship use. |  |
|
| Cover for accidental damage, theft and Liability cover of £3 million. Automatic racing cover for all sailing catamarans. | |
There are countless water vessels to choose from if you want to experience the thrill of the waves, and just one option that’s growing in popularity is the catamaran. It’s safe, stable and can be incredibly cost-effective, but that doesn’t mean that you should overlook catamaran insurance.
Catamarans are unique in that they have two hulls, and as such it’s essential that you get specific insurance to suit your precise needs. There’s more surface area than in a regular sailboat so you have to upgrade your insurance accordingly, and anything less simply won’t do the job.
Insurance for catamarans should always start with third party liability cover. By having this in place you don’t have to worry about the cost implications of any accidental damage to third parties, but you should also consider the costs to the vessel itself.
They’re relatively inexpensive in the grand scheme of things, with most models costing somewhere between £1,000 and £10,000, but that doesn’t mean you shouldn’t have it insured. It’s still a sizeable chunk of your savings and any repairs or replacements could see your finances severely shaken, so it makes sense to be prepared.
There are a few other things you need to think about as well. Given that heading out on your catamaran can often be a family affair, it makes sense that your family members are covered too in the event of any accidents. It’s also worth considering how far out you’re allowed to travel, with most insurance policies covering you for 12 nautical miles off the shore of the UK. A lot will offer European cover as well, but always make sure to check with the individual insurer.
This type of insurance can often be quite a challenge to find, so it’s essential that you go through specific insurers if you want the best deals. Most well-known insurers won’t be able to provide you with something so specialised, so go for those that are highly regarded and trusted in the field of marine insurance. These could be trickier to find but the benefits will be well worth it, so always look around and see what’s on offer. And don’t forget to compare – become your own comparison website to find the best policy for you and your needs.
As you can see, catamaran insurance is an essential consideration. Although it can take some time to find the right policy it can save a great deal of hassle and expense in the long run, so always make sure that you’re fully covered and get ready to hit those waves.