The 2021 international boat show season has come to an end and, whilst the market for both new and used RIBs, Ski-Boats and other high-performance craft is booming, boat insurance providers continue to review their position and many owners of any type of high-performance craft are finding it difficult to source the cover they [...]
Question: When is a £5,000,000 (or £10,000,000 for that matter) limit of Public Liability Insurance worth only £1,000,000? Answer: When your insurance provider applies restrictive inner limits to your Shipwrights Insurance. We are seeing examples of this on a weekly basis when we receive enquiries from shipwrights for quotations of “comparative” third party liability [...]
With over 20 years’ experience of delivering insurance protection to owners of classic yachts and boats, specialist marine insurance brokers Insurance Risk & Claims Management Ltd (IRCM) are able to offer you an holistic Classic Yacht Insurance solution that includes: Agreed-value sum insured It’s important you are happy with the value for which your [...]
Whilst it’s long been a principle of insurance that the premiums of the many pay for claims of the few, it may be somewhat contentious to suggest that UK yacht owners should be paying for the claims of the many US and Caribbean-based yachts, as well as the various superyachts that have been lost globally, [...]
Independent Boat Insurance specialists IRCM are supporting British Marine’s #summeronthewater campaign with a timely boost for first-time buyers of yachts and pleasurecraft. British Marine (BM), the membership organisation for the leisure, superyacht and small commercial marine industry, launched the campaign this month to support the Sector following the Covid-19 lockdown which crippled much of the [...]
Insurers Continue to Post Huge Yacht Insurance Losses It’s no secret that the yacht market at Lloyds has posted enormous losses over the last couple of years. 2015, a relatively quiet year saw the Market shell out well in excess of £200m in superyacht-related claims against revenue estimated at £150m, posting a loss ratio of [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into [...]
