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Thread: Do you bother to insure your sailing canoe(s)?

  1. #1
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    Default Do you bother to insure your sailing canoe(s)?

    Hi, I was just wondering whether folks bother to insure their canoe or canoes against theft? I'm thinking more about cover while the canoe is stored at home rather than when away on a trip (although both would be nice). I notice there's a document on the FB page discussing insurance (which I've read). Up to now I've not bothered preferring to rely on physical security measures but if I end up with a shiny new sailing canoe shortly I may have to reconsider. Any recommendations, advice as to costs, extent of cover, effectiveness in the event of a claim etc?
    Last edited by Jurassic; 22nd-February-2012 at 03:14 PM.

  2. #2
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    Sounds like this should be a poll...

    Answer: No.

    EDIT: Sorry Jurassic, I felt so strongly about it that I went ahead and started a poll, I hope you don't mind!
    Last edited by bhofmann; 22nd-February-2012 at 03:20 PM.

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    Cheapest way to insure a canoe when it is stored at home would be via your home contents policy, depending on it's value it may be covered already. If you are already a member of the BCU they do a good deal on fully comprehensive insurance, i.e, theft, and accidental damage loss, I think you may need to take it out at the time of joining or renewing your membership though.

    Either way for the theft cover to be valid the canoe does need to be phsyicaly secured, either locked in a shed or garage at home or padlocked to a solid objected, or padlocked to the roof rack when on a car.

    Barney

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    Quote Originally Posted by bhofmann View Post
    Sounds like this should be a poll...

    Answer: No.

    EDIT: Sorry Jurassic, I felt so strongly about it that I went ahead and started a poll, I hope you don't mind!
    No worries, I tried to add a poll to this thread following your suggestion but it wouldn't allow it. I voted in your poll anyway thanks.

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    Quote Originally Posted by Barney View Post
    Cheapest way to insure a canoe when it is stored at home would be via your home contents policy, depending on it's value it may be covered already. If you are already a member of the BCU they do a good deal on fully comprehensive insurance, i.e, theft, and accidental damage loss, I think you may need to take it out at the time of joining or renewing your membership though.

    Either way for the theft cover to be valid the canoe does need to be phsyicaly secured, either locked in a shed or garage at home or padlocked to a solid objected, or padlocked to the roof rack when on a car.

    Barney
    Although the BCU (or in my case SCA) insurance is relatively cheap even the premium cover wouldn't come close to covering the value of my new sailing canoe (which is kinda why I posted my question here rather than in "General"). I think it would need to be one of the specialist marine insurers to get cover of a high enough value. The SCA insurance (and I assume the BCU cover will be the same) doesn't cover boats stored outside (they have to be in a locked building) which would also be useless to me as my boats live in the garden.
    Last edited by Jurassic; 22nd-February-2012 at 04:36 PM.

  6. #6
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    I just checked and the CE insurance is far more comprehensive than that offered by the SCA (it provides cover up to 3000 per boat and covers outside storage as long as the canoe is locked to an immovable object). Unfortunately I can't join CE as I'm not a resident of England so it's a moot point for me.

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    Sorry, should have said CE instead of BCU, I had thought they would all offer the same insurance deal under the BCU banner, but apparently canoe wales don't offer insurance at all, and the scottish and english offerrings are not the same. The CE insurance is provided by the same company as the SCA insurance but has a third higher level of cover with a maximum canoe value of 3000(110 for one boat 180 for three boats)

    The wording on the policy documents of the SCA and CE are the same
    "We will not pay for the theft of your canoe if it is stolen unless it is from a locked building, securely locked to an
    immovable object ,securely locked to the roof of a motor vehicle, or if it is with its trailer, unless the trailer is
    secured by a hitch lock or in the case of a “ multi “ canoe trailer, a wheel clamp.
    "
    Which I take to mean that if the canoe is outside at home but locked to an immoveable object it is covered.

    Still this doesn't directly help you, it might still be worth trying to add it to your home contents insurance, but if they can't help I think you are right in saying you should try one of the specialist marine insurers. The only problem with that is that as a high value sailing canoe is a fairly unusual craft they are likely to err on the side of caution and quote a high premium, maybe just say it is a sailing dinghy with a pointy bit at both ends and don't mention the word canoe.

    Barney
    Last edited by Barney; 22nd-February-2012 at 05:16 PM.

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    Just had another thought you could try contacting Towergate (the company that provide the SCA and CE insurance) to see if they can help.

    Barney

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    Quote Originally Posted by Jurassic View Post
    but if I end up with a shiny new sailing canoe shortly I may have to reconsider. Any recommendations, advice as to costs, extent of cover, effectiveness in the event of a claim etc?
    That's not your 24 foot by 4 foot 6 wide canoe SD is making by any chance then Chris?
    Should be a lot of fun with your Expedition 35!! Lol

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    Quote Originally Posted by Steamerpoint View Post
    That's not your 24 foot by 4 foot 6 wide canoe SD is making by any chance then Chris?
    Should be a lot of fun with your Expedition 35!! Lol
    The Daves are making me a special Expedition 350sq ft rig for it!

  11. #11
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    Quote Originally Posted by Barney View Post
    Sorry, should have said CE instead of BCU, I had thought they would all offer the same insurance deal under the BCU banner, but apparently canoe wales don't offer insurance at all, and the scottish and english offerrings are not the same. The CE insurance is provided by the same company as the SCA insurance but has a third higher level of cover with a maximum canoe value of 3000(110 for one boat 180 for three boats)

    The wording on the policy documents of the SCA and CE are the same
    "We will not pay for the theft of your canoe if it is stolen unless it is from a locked building, securely locked to an
    immovable object ,securely locked to the roof of a motor vehicle, or if it is with its trailer, unless the trailer is
    secured by a hitch lock or in the case of a “ multi “ canoe trailer, a wheel clamp.
    "
    Which I take to mean that if the canoe is outside at home but locked to an immoveable object it is covered.

    Still this doesn't directly help you, it might still be worth trying to add it to your home contents insurance, but if they can't help I think you are right in saying you should try one of the specialist marine insurers. The only problem with that is that as a high value sailing canoe is a fairly unusual craft they are likely to err on the side of caution and quote a high premium, maybe just say it is a sailing dinghy with a pointy bit at both ends and don't mention the word canoe.

    Barney
    Hmm, some contradictions in the SCA insurance, it clearly says in the FAQs that canoes stored outside are not covered yet in the policy document shown it says the canoe is covered as long as it's locked to an immovable object.
    http://www.canoescotland.org/Portals...eFAQ072011.pdf

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    I have never bothered insuring my sailing canoes, but i know of several OCSG members who have bought one from me and then had it insured. I think they went for the same insurers as for a small dinghy.

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    Quote Originally Posted by DaveS View Post
    I have never bothered insuring my sailing canoes, but i know of several OCSG members who have bought one from me and then had it insured. I think they went for the same insurers as for a small dinghy.
    I used to use Noble Marine Insurance for my windsurfing kit when it was worth something (before I wrecked it all to the point of being not worth insuring ). I'll try them for a quote if I decide to go for insurance. I could buy a lot of extra physical security for the cost of just one years premium though.

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    You could build a low, narrow shed in your garden and wheel your new canoe in there. I think Andy has done this.

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    Quote Originally Posted by DaveS View Post
    You could build a low, narrow shed in your garden and wheel your new canoe in there. I think Andy has done this.
    Unfortunately not Dave, the canoes are on a rack but it needs to be semi-portable as I sometimes have to unload and move it for access to the cellar. There's no room for a permanent structure.

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    Quote Originally Posted by Barney View Post
    Just had another thought you could try contacting Towergate (the company that provide the SCA and CE insurance) to see if they can help.

    Barney
    Were I in your position, Chris, I should try Barney's approach--assuming you decide you really want insurance. I deal with Towergate for PL insurance in one of my other hats and they have always been helpful. I would have thought they could offer you the same deal that CE negotiates through them.
    Good luck.
    Ian

  17. #17
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    Thanks Ian, I may give them a ring anyway just to see what they could do and how much it would cost. I have to say that I'm beginning to favour investing the money in another more substantial ground anchor (I already have one in place) and another beefy chain and padlock.

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