RIB Insurance
Buying a RIB / Rigid Inflatable can be a significant financial investment and it is important to ensure that you can compare RIB / Rigid Inflatable insurance quotes so that you can get the best price for the insurance cover you need.
RIB insurance is a specialist class of insurance which most of the big brand insurance companies won't insure and we aim to help you compare RIB insurance quotes from leading insurance providers.
RIB Insurance Key Elements
The key elements of RIB insurance to look out for include:
- Comprehensive Cover – where possible you should try and insure your RIB / Rigid Inflatable for “comprehensive” cover which includes insurance for accidental damage, theft and malicious damage/vandalism
- Theft Cover – check whether your RIB / Rigid Inflatable insurance quote provides cover Make sure all items left on the deck otherwise you may need to lock all items away for cover to be in force Transit Cover – check that full cover applies whilst the RIB / Rigid Inflatable is in transit on a trailer
- Third Party Liability Insurance – you should obtain a minimum of £1m Third Party Liability insurance for your RIB / Rigid Inflatable as this is the minimum requirement for may harbours, marinas, or water authorities and to ensure you have adequate insurance cover in the event of injury to a third party or damage to their property whilst you are using your RIB / Rigid Inflatable
- Maximum Speed – some insurers impose maximum speed limits on their RIB / Rigid Inflatable insurance so check that any restrictions meet your requirements
- Waterskiing – if you plan to use your RIB / Rigid Inflatable for waterskiing make sure that you declare this when obtaining your RIB / Rigid Inflatable insurance quote and check that cover is included with your quotation
- Towing Toys – if you plan to use towing toys with your RIB / Rigid Inflatable e.g. inflatable rings, bananas etc make sure that you declare this when obtaining your RIB / Rigid Inflatable insurance quote and check that cover is provided as some insurers specifically exclude this
- Racing – if you plan to go racing in your RIB / Rigid Inflatable ensure you declare this when obtaining your RIB / Rigid Inflatable insurance quote as it may affect your quotation
- UK Registration – most UK insurers will only provide insurance for your RIB / Rigid Inflatable if it is registered in the UK
- Territorial Limits – check that your RIB / Rigid Inflatable insurance quote covers all of the territorial waters that you plan to sail in
Save Money on RIB Insurance
If you are looking for cheap RIB / Rigid Inflatable insurance quotes then there are a number of ways you can save money on your RIB insurance:
- Excess - opting for a higher excess will save you money on your RIB / Rigid Inflatable insurance quote
- Security - insurance companies offer cheap RIB / Rigid Inflatable insurance quotes where appropriate security systems are in place on the RIB / Rigid Inflatable e.g. wheel clamps on trailers
- Mooring - insurance premiums can vary according to where your RIB / Rigid Inflatable is moored and the proportion of the year that your RIB / Rigid Inflatable is out of the water
- Qualifications - insurers will generally also offer cheap RIB / Rigid Inflatable insurance quotes if you have a relevant qualification
- No Claims Bonus - you can also receive a discount on your RIB / Rigid Inflatable insurance quote for more than one year's claim free boating