A buyer's guide to RIB insurance
Posted by:GJW Direct | Feb 20, 2020
Deciding on the level of insurance you require for your craft and which insurer to opt for can seem daunting and overwhelming, but this doesn’t have to be the case. We’ve broken down RIB insurance to the basics, so you can make an informed choice on what is best for you.
Why do you need RIB insurance?
Whether you’re enjoying short trips, long-distance cruises, family days out, or using your RIB for diving expeditions, no trip out on the water is complete without adequate insurance. Ensuring you’re covered for any eventuality (including personal property, third-party liability and personal injury) means that you’ll be able to enjoy your RIB adventures to the fullest.
What am I covered for?
- Accidental damage or loss (due to fire, explosions, collisions, stranding, grounding, third party acts, heavy weather)
- Latent defects despite regular maintenance and servicing
- Theft of your craft, tender or trailer
- Payment of insured value for constructive total loss
- Personal property when on-board or used in connection with the craft
- Third-party liability
What are the benefits of RIB insurance?
RIB insurance will give you peace of mind so that you can enjoy your boating adventures without worry. By purchasing insurance with GJW Direct, you’ll benefit from 30 days European (EEA) cover, water skier cover, and trailer and transit cover.
An additional bonus when insuring your RIB with GJW Direct is the free digital boat management system, MyBoat, granting exclusive access to discounts and offers with a whole host of recognised marine brands.
What are the exclusions to my insurance?
Common exclusions include:
- Damage or loss caused by a lack of general maintenance, wear and tear or depreciation
- The cost of rectifying faults in design or construction or items suffering from a latent defect
- Damage or loss as a result of war, civil disturbance or terrorism
- Damage or loss caused by insects, marine borers, marine growth and molluscs
- Your craft when left unattended on a trailer unless properly secured
- Fishing gear, diving gear, cash, credit cards, jewellery or mobile phones or other personal digital equipment
What are my obligations?
These will vary depending on your insurance provider, but general obligations include:
- Ensuring your RIB is kept in good working order and undergoes regular maintenance.
- Keeping your insurer up-to-date with changes to your personal information or make any adaptations to your vessel.
- Reporting incidents, accidents or potential claims as soon as possible.
- Informing your insurer if you sell or otherwise dispose of the craft.
- Make the required scheduled payments.
- Ensuring that the minimum required number of crew are aboard when the craft is underway.
Want an easier way to manage all your boating paperwork? MyBoat is a free digital boat management system, offering exclusive perks and discounts with a range of recognised marine brands.
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Topics - RIB