LETTERS

摘要

I enjoyed the CB article on insurance but, while most informative, it missed a number of points which owners should consider. Firstly, unlike motor vehicle insurance policy, wording and coverage differs from insurer to insurer. I have found three types of insurance coverage - market value, named perils and agreed value. Market value appears to mean that insurers will only pay a market value or average cost of repair in most cases. Named perils - only covers those named in the policy. Agreed value or comprehensive often comes with additional benefits such as alternative accommodation if your boat is your permanent abode and it sinks and potentially cover other costs incurred. It pays to shop around and speak to an insurance provider. Steer clear of internet comparison or internet only sites - talk to the provider direct. Find out how insurers deal with claims - do you have the comfort of dealing with a decision-maker direct rather than a broker who has to refer back all the time? This can cause delays.