Location and type of mooring can have a significant impact on the risks a motor-driven or sailing yacht faces.
Plus, the moorings can have an influence on the insurance rates quoted by underwriters. Most insurance policies provide coverage while the watercraft is afloat in use and laid-up on moorings, including launching and hauling.
Different moorings can make a noticeable difference in the price, terms, conditions, and limitations imposed by the insurance company.
Here are four of the common mooring options for vessels:
A safe and reliable mooring is in the marina berth, but this is the most in demand option up and down the country; therefore expect higher costs and longer waiting lists. Plus, having a boat moored in a marina berth 12 months of the year gives more freedom in use. Other types of moorings can limit the usable time in the water.
Also, other benefits might apply for the insurance policy, such as no loss of no claims bonus should an accident of loss take place while the vessel is moored up in the home marine berth.
Dry sailing is a practical choice for many types of dinghies and similar small sized vessels. Storing the boat on dry land is certain to protect against the difficult conditions on the water, but there are greater risks of theft and/or vandalism. For this reason it is essential to put in place the proper security measures to ensure the craft is safe throughout this time. Certain types of crafts, such as 12-18-ft speed boats or similar will need to be locked in secure premises when not in use — but the specific requirements will be noted on the insurance schedule.
The exact location of this type of mooring is certain to have an impact on whether or not it is acceptable to leave the vessel in the water year-round. Certain regions will have restrictions in place to lift ashore or moor elsewhere for the most difficult months. A swinging mooring should be laid to a professional standard, properly maintained, and regularly inspected. Plus, the company involved in inspecting the mooring should have enough professional indemnity coverage in place. The use of a chain or rope strop will vary with the location and exposure of the mooring.
A lay-up period is often stipulated in the policy schedule for those vessels moored in the more exposed waters. This is intended to protect the vessel from the worst of the winter condition. Alternatively, a vessel can be moved to a more secure mooring (afloat) throughout the winter, such as a protected marina or boatyard.
Give a vessel laid-up on moorings extra protection by using purpose-made mooring covers. A high-quality cover for the docked boat is certain to provide reliable protection against constant sun, rain, or wind exposure. A preferred type of material is cotton or cotton poly blend which has the ability to keep moisture out because of its breathable properties. Plus, storage and trailable covers are also available to match the specific needs.