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Read More Read more on this storyTaking out motorboat and speedboat insurance from E&L® provides you with a safeguard, should anything happen whilst you are on water, or whilst your boat is in mooring.
- 10% online discount
- 100% fire, theft, accidental loss or damage
- 100% salvage, wreck, pollution and sighting costs
- Up to £2.5m public liability
- 90 days per year European use as standard
- This policy covers your motor or speed boat when in use on UK inland or coastal waterways, during transit or whilst moored in a designated area and also extends to cover for your trailer and/or trolley
When choosing to purchase a motorboat or speedboat people in the UK spend up to £50,000. Therefore a large quantity of disposable income is being invested in these luxury items. Technological developments have also meant motorboats have become more complicated and more susceptible to accidents.
Although it is impossible to stop the unexpected from occurring, with public liability and personal accident cover included as standard, E&L® Motorboat and Speedboat Insurance offers unbeatable protection for your valuable investment.
Check our FAQ's here
Motorboat and Speedboat Policy Information
| Monthly1 | Yearly | |||
|---|---|---|---|---|
| Fire, Theft, Accidental Loss or Damage | Max 100% of agreed value | Max 100% of agreed value | ||
| European Use | 30 days per occasion (max 90 days per year) | 30 days per occasion (max 90 days per year) | ||
| Public Liability | £2.5m | £2.25m | ||
| Hire of Replacement Craft | Up to 10 days £50 limit per day | Up to 7 days £50 limit per day | ||
| Personal Belongings | Max sum insured value £2,500 £250 single item limit | Max sum insured value £2,000 £250 single item limit | ||
| Personal Accident | £15,000 | £12,500 | ||
| Salvage Charges | Max 100% of agreed value | Max 100% of agreed value | ||
| Pollution Costs | Max 100% of agreed value | Max 100% of agreed value | ||
| Sighting Costs | Max 100% of agreed value | Max 100% of agreed value | ||
| Wreck Removal | Max 100% of agreed value | Max 100% of agreed value | ||
| Accidental Loss of Keys and Replacement Locks | Up to £750 | Up to £500 | ||
| Trailers and Trolleys | 100% sum insured or market value if less | |||
Excess
The excess is the amount you pay towards a claim. An excess of £100 (Inland waterways only) or £150 (coastal waterways or both Inland and Coastal Waterways) is payable for each and every claim except for total or constructive total loss claims. If claims are made under more than one section of cover, an excess will apply to each section of cover under which a claim is made. Claims for damage to underwater gear occurring in tidal waters are subject to a double excess.
1. Lunar monthly policy (more information)
The following discounts are available on E&L Motorboat and Speedboat Insurance:
- 10% introductory online discount (only available to new customers taking out a policy online)
The total maximum discount per policy is 20%.
To be eligible for E&L® Motorboat and Speedboat Insurance the following conditions must be met:
- The policyholder is a UK resident aged over 18 years
- Craft must be under 30 years old
- Craft must be used for private/pleasure purposes
- Craft must be seaworthy
- Craft must not carry more than 12 people
- Craft must not be used as a houseboat, permanent living accomodation or home address
- Craft must not be used for racing or speed trials
- Covers motor or speed boats up to a maximum speed of 30knots
- The policy application is subject to a flood risk assessment.
- You must meet our security requirements
No cover is available for Jet skis, wet skis, personal watercraft (pw/pw's) or the like.
Please see the Motorboat and Speedboat Insurance Policy Wording for full eligibility criteria.
Policy Summary
The policy summary gives an overview of the benefits our motorboat and speedboat insurance provides
Motorboat and Speedboat Insurance Policy Summary
Policy Wording
The policy wording outlines full details of our motorboat and speedboat insurance terms and conditions.
Motorboat and Speedboat Insurance Policy Wording
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Register a Claim
Several of our claim forms are available to download online in PDF format. After completing the form you will be provided with a download link to your requested claim form which you can simply print out, fill in and either fax or post to us.
View our Testimonials pages.
Motor Boat Insurance FAQs
If the following FAQs don't answer your query please have a look at our General FAQs or our Leisure and Lifestyle Insurance FAQs sections.
- Are there any restrictions in my policy that I need to be aware of?
- Can I insure my Jet ski?
- Do I need to have the craft surveyed to be able to get insurance?
- Do you provide cover for my trailer and launching trolley?
- I am thinking of taking a trip out on my motorboat with friends, is there a maximum number of passengers able to travel on the boat?
- What is the excess on my speed and motorboat policy?
- Are there any restrictions in my policy that I need to be aware of?
The maximum length that the speed boat or motor boat can measure is 30ft. Any vessel measuring over this amount in length cannot be insured. This policy does not cover any craft designed to travel at speeds in excess of 30 knots.
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- Can I insure my Jet ski?
We regret that we are unable to offer any cover for Jet skis, wet skis, personal watercraft (pw/pw's) or the like.
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- Do I need to have the craft surveyed to be able to get insurance?
If your craft is more than 20 years old you must have a full survey report which is no more than 2 years old and which was carried out by a qualified chartered surveyor whilst the craft was out of the water. You must ensure that any recommendations made following the survey have been fully met. A copy of this must be provided when a policy is set up.
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- Do you provide cover for my trailer and launching trolley?
Yes, we provide cover for your trailer or trolley against fire, theft following forcible entry, or accidental damage when specified in your insurance policy, if normally used for transporting your craft, up to the cost price, market value or the sum insured amount (whichever is less).
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- I am thinking of taking a trip out on my motorboat with friends, is there a maximum number of passengers able to travel on the boat?
We have a maximum of 12 people per vessel. If the number of passengers exceeds this amount, we are unable to provide insurance at this time.
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- What is the excess on my speed and motorboat policy?
An excess of £100 (Inland waterways) or £150 (coastal waterways or both inland and coastal waterways) is payable for each and every claim expect for total or constructive total loss claims. If claims are made under more than one section of cover, an excess will apply to each section of cover under which a claim is made. Claims for damage to underwater gear occurring in tidal waters will be subject to a double excess.
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