Insurance question

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ljwatson
Posts: 4
Joined: Mon Jul 06, 2020 9:48 pm
CMBA Member: 0

Insurance question

Post by ljwatson »

Does the boat owner have to be the insurance policy holder. My boat is in my partners name but I am the insurance policy holder... just thought this could make it invalid. I have emailed the company just thought I would ask here as they are closed at weekends... am new to all of this

kgarla
Posts: 105
Joined: Wed Jul 20, 2011 3:02 pm
CMBA Member: 143

Re: Insurance question

Post by kgarla »

Good Morning, Harking back to my Insurance days in the 1980's the general rule was you cannot insure something you do not have an 'interest' in. So I could not insure the Crown Jewels and claim if they were stolen........But like all Rules there may be exemptions. Simple answer is clear it with your Insurance Company, it should be straight forward. Cheers Kgarla :wot:

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