Phoenix Posted June 20, 2009 Share Posted June 20, 2009 What is everyone's opinion on marine transit insurance? At £2K this is a very expensive form of insurance, anyone not taken out this insurance, anyone has and had trouble claiming, anyone think that its a complete rip off and waste of time? Link to comment Share on other sites More sharing options...
The Bray Family Posted June 20, 2009 Share Posted June 20, 2009 We just insured expensive items glad we did as my fridge freezer has a small den tin the door and my souround sound speakers where completly broken.Claim is on going at the moment.Had a couple of broken items that where not insured a chest of draws has bowed and the back was broken a coupleof kitchen dishes where broken. sarah Link to comment Share on other sites More sharing options...
Phoenix Posted June 20, 2009 Author Share Posted June 20, 2009 We just insured expensive items glad we did as my fridge freezer has a small den tin the door and my souround sound speakers where completly broken.Claim is on going at the moment.Had a couple of broken items that where not insured a chest of draws has bowed and the back was broken a coupleof kitchen dishes where broken.sarah Do you mind if I ask how much you paid?, because I wouldn't rate that kinda of damage at much more than £400, and Id gladly not pay insurance if that's all the damage I suffer, and save £1500 into the bargain? Link to comment Share on other sites More sharing options...
The Bray Family Posted June 20, 2009 Share Posted June 20, 2009 My fridge can not be repaired it cost £1200 my speaker where £150. we paid 3% of the total we insured.So insure expensive items the problem with the fridge is you can not get the parts here in australia frideg is only 2 years old.i think the speakers where broken by customs. Link to comment Share on other sites More sharing options...
Guest bernie Posted June 20, 2009 Share Posted June 20, 2009 What is everyone's opinion on marine transit insurance? At £2K this is a very expensive form of insurance, anyone not taken out this insurance, anyone has and had trouble claiming, anyone think that its a complete rip off and waste of time? Hi we arranged our own insurance company and not the shipping company's. They charged 1.6%, and everything seemed to be above board with them (they're registered with FSA I think?). The company in the UK is Letton Percival. We only paid £400 for insurance for all our stuff. Hope this helps, good luck:spinny: Link to comment Share on other sites More sharing options...
Phoenix Posted June 21, 2009 Author Share Posted June 21, 2009 My fridge can not be repaired it cost £1200 my speaker where £150. we paid 3% of the total we insured.So insure expensive items the problem with the fridge is you can not get the parts here in australia frideg is only 2 years old.i think the speakers where broken by customs. Would be very surprised a damage assessor lets you get full replacement value for what in your own words is a "small dent", maybe a few hundred quid... and this is where I always hate insurance because when you read the small print you cant help but spot the clauses that mitigate the amount they have to pay out, 1.6% may not sound bad, but 1.6% of what, we went through our household inventory and found that because we had so many 'fragile and high value' items they wanted to charge us an additional 30%, and then if we wanted the electrical items insured for anything more than loss or mechanical damage we had to pay more again. Link to comment Share on other sites More sharing options...
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