Narrowboat Insurance
| Insurer | Outstanding Policy Features | Quote |
|---|---|---|
| Contents avialable on residential craft. IWA discounts avialable. |  |
|
| Cover for accidental damage, theft and Liability cover of £3 million. No claims discount of 25% available. | |
Thanks to the huge maze of canals criss-crossing the English countryside, the number of narrow boats in the UK is higher than ever before. They can offer the perfect holiday by giving you the ultimate way to relax, so if owning a narrow boat is for you make sure that you invest in adequate narrowboat insurance.
Some people don’t understand just how important proper narrow boat insurance can be, but in reality it can save a huge amount of hassle and expense. Some waterways even specify that you need to have insurance in place before you have access to them, so make sure you can enjoy your holiday by having everything sorted before you set off.
It can also save you a huge amount of money in the long run. If your boat was to be involved in an accident the costs incurred could quickly add up so third party liability cover is essential, but it makes sense to go even further to protect your finances. Damage to your boat can be costly, and if it were to become vandalised or stolen that’s even more of an outlay. Being so expensive this vessel could easily be your pride and joy, so why not go the extra mile to make sure it’s protected?
It’s a good idea to check the small print to see what specifics you can expect from your insurance. As well as the basics you could also benefit from contents cover, mooring liability insurance and theft of machinery cover, so always see what extras can be included. It makes sense for it to be as comprehensive as possible, so don’t skimp if you want to see the benefits.
Because this is such a specialist type of insurance you might expect to pay higher premiums as a result. This can often be the case, but because these vessels are a lot slower than some others (usually with a maximum speed of 8 knots) your quote shouldn’t be through the roof, and there are ways you can enjoy added discounts such as by being a member of the Inland Waterways Association.
Depending on the age of your boat, a survey could be required to help calculate the cost of your premiums. Always check with your insurer to see what’s required, and don’t worry if you have to speak with them directly – it’s often required for this type of policy.
As you can see, there’s a lot to take in when it comes to narrow boat/canal boat insurance. As long as you bear everything in mind and get a fully comprehensive policy you can enjoy your holiday with complete peace of mind, so what are you waiting for?