Whether it’s your first time buying insurance, or you’re simply looking to switch insurance companies, it’s important to be aware of the benefits to narrowboat insurance, what a typical policy includes and what to look out for. Our guide will break down all the elements you need to consider for adequate cover before making your decision.
Whilst boat insurance isn’t a legal requirement for those spending their time onboard, as a narrowboat owner, you will most likely be navigating the UK inland waterways and therefore it is a legal requirement to have boat insurance alongside a boating licence from Canal & River Trust.
In general, it’s important to have insurance for a number of reasons. Having a policy means you and your vessel are more likely covered* year-round should the worst happen. Depending on the insurance provider you choose, your policy could include a range of other features.
*It is always important to check your policy wording for exclusions and limitations and what you are covered for.
The type of cover you’ll receive will ultimately depend upon the insurance provider you choose, however, there are certain types of cover you’ll likely receive:
Some of these cover items may be subject to limitations and you should always read the policy wording carefully.
If you choose to purchase insurance with GJW Direct, your policy will include membership to River Canal Rescue who provides inland waterways breakdown cover in the UK. They are equipped with the most up-to-date mapping technology and tools needed to deliver an efficient breakdown and recovery service, ensuring policyholders’ complete peace of mind when they are on the water.
Also, when insuring your narrowboat with GJW Direct, you’ll be able to sign up to MyBoat, a free digital boat management system giving you exclusive access to discounts and offers on a range of recognised marine brands, including Midland Chandlers, savvy navvy, RCR and BilgeAway.
Additional features include:
Once again, it is important to always ensure you read your policy wording as features can be subject to exclusions and limitations.
As with any insurance policy, there will be some limitations. Typical exclusions include damage caused by:
That’s why ensuring proper maintenance is conducted on a regular basis will allow you to avoid issues like these becoming an issue in the future.
As standard, when you take out insurance you are obliged to ensure your craft is in good condition and regularly maintained. You’ll also need to give your policy provider details of any incidents, accidents and potential claims as soon as they happen.
Other obligations include:
GJW Direct offer narrowboat insurance with a range of features. With over 195 years of experience in marine insurance, so you can rest assured you’re in safe hands with a team of experts on hand to help you set up your policy and answer any questions you might have. Discover more information about GJW Direct's narrowboat and barge policy here.
Are you looking for first-time insurance or thinking of switching insurers? Get a quote for narrowboat insurance with us in minutes.