Insurers look at your boating background and experience. Have you owned boats previously, and if so, what types of boats did you own? Some insurers will not provide cover if you have never owned a boat or if they think you do not have the experience to handle the size of boat that you are trying to insure.
Boating experience and boat ownership is important as insurers want to be confident that you will avoid the avoidable incidents. Most boat claims in Australia are for impact damage, that is, boats hitting things. Such as running aground, bumping into jetties or wharves, a collision with another boat. Even low speed incidents can result in $‘000 in repair costs.
If you are new to boating or transitioning into a larger boat, you should invest in your boating knowledge. Arrange to undergo a skipper course or ask your local boat broker or dealer to help you through the early stages of controlling and getting to know your boat.
If your insurer determines that you lack the required experience before they can offer cover. Ask them:
- What skills do you need for the boat you are insuring?
- Can they recommend anyone to help you learn the skills to handle your boat?
- Can they increase the claims excess until you gain the necessary experience?