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boat / rib insurance?
There is no requirement by law for a boat / ribrider to have boat / rib Insurance, though boat / rib training schools carry public liability insurance as standard and it is also advised that you have your own policy if you own your own boat / rib. Incidents involving boat / ribs, the general public and other vessels are numerous and the great majority of ocean-goers do not have sufficient coverage to cover themselves or the property. This should be a strong reason to cover yourself while you are on the water.

boat / rib insurance policy cover?
boat / rib Insurance is surprisingly comprehensive given the nature of the activity. There are many ways that things can go wrong and most are covered in the average policy. You should expect coverage for medical payments for injuries incurred while using your boat / rib You should also expect liability coverage to any third party injuries or property damaged in a boat / rib incident. Also expect cover for any physical damage to your watercraft. Any costs incurred for salvage of your vessel can also be claimed though you should check with your prospective provider regarding the exact detail of your cover and the amounts you are covered for.

The most important aspect you should look for is protection covering you and your boat / rib from damage caused by an uninsured boat / rib. The great majority of incidents to boat / ribs come from larger vessels striking a boat / rib and the boat / rib owner not having the correct coverage to cover you.

What typically does boat / rib insurance policy not cover?
boat / rib insurance varies widely between providers. Basic cover normally doesn’t include your use of a vessel you don’t own. Any claims made surrounding your boat / ribbefore it hits the water is also not normally covered, so damage in a road accident, damage to your boat / rib trailer and costs deriving from that, cannot usually be claimed.

Additional insurance products that policy holders might need in this area
As boat / rib Insurance is so comprehensive given the type of activity there is normally no need for secondary insurance products. However, if you require boat / rib Insurance because you operate a boat / rib as part of your business you will have to cover yourself with greater public liability insurance. If you use a boat / rib while on holiday you should also be holding a more comprehensive Travel Insurance plan to cover peripheral costs.

Additional coverage for a boat / rib insurance policy
As there are a number of non-standard add-ons, highlighted above, that can be included in your policy, you should consider expanding your coverage if you feel you will spend a great deal of time on the water. The fact of the matter is the more time on the boat / rib you spend the more risk you carry.

What will this typically cost?
Insurance varies depending on the type of insurance you purchase. You can normally select from Individual, Couple, Family and Company Insurance.

About Noble Marine insurance services

Noble Marine (Insurance Brokers) Ltd
Clinton House, Lombard Street, Newark, Nottinghamshire. NG24 1XB
1. The Financial Services Authority (FSA)
The FSA is the independent watchdog that regulates financial services. It requires us to give you this
document. Use this information to decide if our services are right for you.
2 Whose products do we offer?
We only offer products from a limited number of insurers for Pleasure Craft insurance. Ask us for a list of
insurers we offer insurance from.
In respect of legal expense cover we only offer a product from Amicus.
3 Which service will we provide you with?
We will advise and make a recommendation for you after we have assessed your needs for yacht insurance.
You will not receive advice or a recommendation from us for dinghy, sailboard or rowing boat / rib insurance. We
may ask some questions to narrow down the selection of products that we will provide details on. You will
then need to make your own choice about how to proceed.
4 What will you have to pay us for our services?
No fee.
5 Who regulates us?
Noble Marine (Insurance Brokers) Ltd, Clinton House, Lombard Street, Newark, Nottinghamshire, NG24
1XB is authorised and regulated by the Financial Services Authority. Our FSA Register number is 305884.
Our permitted business is marine and marine legal expense insurance.
You can check this on the FSA’s Register by visiting the FSA’s website www.fsa.gov.uk/register or by
contacting the FSA on 0845 606 1234.
6. What to do if you have a complaint
If you wish to register a complaint, please contact us:
In writing: Write to Noble Marine (Insurance Brokers) Ltd, Clinton House, Lombard Street, Newark,
Nottinghamshire, NG24 1XB
By email: complaints@noblemarine.co.uk

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman
Service.
7. Are we covered by the Financial Services Compensation Scheme (FSCS)?
We are covered by the FSCS.
You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on
the type of business and the circumstances of the claim.
Insurance advising and arranging is covered for 100% of the first £2,000 and 90% of the remainder of the
claim, without any upper limit.
Further information about compensation scheme arrangements is available from the FSCS.
IDD/NMIB/JAN05

Theft of equipment from boats, trailers, outboard engines and even entire boats is still all too common, but there are many ways to minimise the risk to you.

Your insurance policy may list certain requirements, so check your boat insurance policy carefully.

Thieves are looking for easy targets, so look for ways to make their task more difficult. Consider any measure to delay the thief in his attempt to steal your boat, measures that will cause a disturbance or any measure that will later identify the equipment as having been stolen.

• Mark your boat and equipment with your postcode, name or the boat 's name/sail number. Consider using visible markings, hidden markings, or both.
• Lock boat trailers, using wheel-clamps, hitch-locks, even a padlock and chain around an immovable object. Use good quality locks and don't leave the key with the boat !
• Outboard engines should be locked to the boat, using special clamping locks. Alternatively remove the engine and place in locked storage.
• Keep loose equipment out of sight or better still, take it home with you.
• Consider an alarm system for larger boats
• Get to know the other boat owners at your marina or sailing club and look out for one another. If you see any suspicious activity - report it.

If you are unlucky and are a victim of a crime, there are also measures you can take to aid the police in recovering your boat or equipment and to assist your insurance company in settling your claim.

• Keep a note of your boats Hull Identification Number (HIN) or other unique identifiers
• Record serial numbers of outboard engines and other equipment
• Keep purchase receipts
• Photograph your boat from a number of angles
• Report the theft to the police and to your insurers as soon as possible. Your quick action may result in a speedy recovery of your boat and equipment.

Buying a second-hand boat has its pitfalls. To help you protect your legal rights and be aware of some of the common issues Noble Marine have produced this guide to buying a boat. Please note that we have only addressed the legal aspects of the subject and advise that you should also satisfy yourself that the boat is seaworthy before you consider buying.

Looking for a boat?
The Noble Marine boats for sale database has over 3000 boats for sale. Each boat has a desciption and photos of the boat so you can look around before you contact the seller.

Wondering what boat to buy?
In addition to this boat and dinghy buyers guide you may wish to make use of our dinghy database or interactive boat finder where you can compare statistics of over 300 classes and view suggestions on similar classes to the type you are interested in.

Unlike a car there isn't a legal registration document tracking the ownership, in fact unless you want to take your boat abroad, you are not required to register your boat at all and many people don't, so checking that the person selling the boat actually owns the boat and that there are no outstanding loans secured on the boat can be difficult.

Before you consider buying a boat you should visit www.stolenboats.org.uk to see if the boat for sale, or a similar one, has been reported stolen. If a boat is not listed on the site it doesn't mean that it is not stolen.

If you buy privately, you won't be protected legally if the craft has a hidden history or faults. It's up to you to ask the right questions and to satisfy yourself that the boat is in good condition before you buy.

If you buy privately, you won't be protected legally if the craft has a hidden history or faults. It's up to you to ask the right questions and to satisfy yourself that the boat is in good condition before you buy.

Buying a used boat is essentially a case of 'Buyer Beware'. The onus is on you to make sure the craft is sound, it's a good idea to get an qualified marine surveyor or boat builder to give the craft a thorough inspection.

When viewing a boat you should satisfy yourself that the vendor is knowledgeable about the boat and has a legitimate reason for the sale. Ask yourself whether the price is similar to other boats on the market - if a deal looks too good to be true it probably is. You should always arrange to view the boat at the seller's home address and never in a car park or other public location.

It is important to check whether the boat has been involved in any accidents or has any large repairs carried out. Most repairs will be guaranteed for 12 months so it is worth finding out the date of the repair and the repairers details in case of any future problems.

Once you are satisfied that the seller is genuine and have agreed an acceptable price you will need to arrange to make payment for the boat. This is usually carried out by bankers draft or a cash payment can be made. Occasionally the seller may be happy to accept another method of payment but you should be willing to use whichever method they suggest.

The only legal terms that cover a private sale contract are:

• the seller must have the right to sell the craft
• the craft should not be misrepresented
• it should match its description

When the sale is complete you should always draw up a buyers contract so that each party can sign and keep a copy. This will act as your purchase receipt and will prove that you are the new owner of the boat.

Noble Marine have prepared a sample . It is always important to keep the purchase receipt and the previous owners details - you may need to prove ownership or contact the previous seller in the future.

If the vessel was home built or if you are considering buying outside the EEA, you will also need to be aware of the Recreational Craft Directive requirements.

The VAT status of a second hand yacht is also important, as your vessel needs to have VAT paid status to be allowed free transit throughout the EU.