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Third Party Boat Insurance – Compare Cheap Quotes

If you own a boat that you intend to use on the UK’s inland waterways then boat insurance is usually a mandatory requirement. Most waterways authorities will ask to see proof of this insurance before they will issue you with a waterways licence.

Of course, just because it is mandatory doesn’t mean you should have to pay an arm and a leg for it. Third party boat insurance is usually the minimum level of coverage you will require in the UK, and by shopping around and comparing third party boat insurance quotes from a range of different providers you stand a far better chance of finding a basic boat insurance policy that gives you a suitable level of coverage without breaking the bank.

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How do I know if third party boat insurance is the right type of policy for me?

Third party boat insurance is the minimum level of cover you can take out for your boat, which means it is likely to be more economical than some more fully comprehensive boat insurance policies.

However, it’s important to weigh up any cost savings you might make by opting for this level of coverage against the limitations third party boat insurance brings. For instance, this type of policy is only intended to protect the interests of other people you might come into contact with, which means if you were involved in a boating accident third party boat insurance should cover the cost of damage to other boats but wouldn’t pay to repay your own barge, fishing boat or houseboat.

If you were injured in a boating accident third party boat insurance usually wouldn’t cover your medical expenses either, and this type of policy is also unlikely to cover the contents of your boat as standard.

Is third party boat insurance suitable for seafaring vessels too?

Yes, you should be able to take out third party boat insurance for any type of boat, whether it happens to be a canal boat that you use on inland waterways or a yacht or catamaran that you use at sea.

The difference is that third party boat insurance is usually mandatory when you sail your boat on inland waterways, whereas boat insurance usually isn’t a legal requirement for seafaring vessels.

How much does third party boat insurance cost?

It’s difficult to predict how much you’re likely to have to pay for third party boat insurance, because boat insurance companies take a wide range of risk factors into consideration when they are calculating the premium. For instance, the type of boat you own, its estimated market value, its make and model, the year it was built, the type of engine it has, where you store or moor it and where you normally sail it can all affect the cost of insuring a canal boat.

The best plan is to use our price comparison service to compare boat insurance quotes from a range of different insurance companies, and then go with the one that offers the best coverage at the best price.