Available at https://www.moneysupermarket.com/boat-insurance/, InsureMy has put together a panel of specialist marine insurers to provide cover for a wide range of boats from sailing yachts, narrowboats and motor cruisers through to jet skis, canoes, kayaks, paddle boards, windsurfs and surfboards.
All policies taken out through InsureMy via MoneySuperMarket include third-party liability claims, but the specific level of cover will depend on the particular policy chosen.
Examples of risks that can be covered include fire, theft, accidental damage, malicious damage, personal accident and incidents that occur while in transit.
It is also possible to cover for lifting/hauling out of the water and launches, cover for personal belongings, night-time sailing and cruising, and cover for keeping the craft at a different address or taking it abroad. InsureMy also offers cover options for those living on their boat full time.
James O’Hara commercial director at Atec said:
“Despite the impact of COVID-19, sales in new and used boats grew by 9% in 2020 and a further 2% in 2021, while paddle boarding is thought to be the fastest-growing sport in the world, with sales in the UK more than doubling in the last year, so there has never been a greater demand for marine insurance products.
“However, up until now, it has been difficult for consumers to compare multiple boat insurance providers and find the right deal.
“Our new MoneySuperMarket digital quote and buy service offers a solution by comparing a wide choice of providers, since launch this has already helped over 1,000 boat owners get the specialist cover they need at a competitive price.
“We offer a wide range of options, from basic third-party liability to fully comprehensive policies, giving customers the option to tailor the policy so they get the best cover for their personal needs.”
Sean Thompson, insurance expert at MoneySuperMarket, said:
“We’re pleased to launch our new boat insurance partnership with InsureMy to help boat owners and water sports enthusiasts compare insurance deals and find the best price for cover in one place.”