Craftinsure, like GJW Direct a trading name of Ripe Insurance Services, sells a yacht policy for cruising and racing yachts, multihulls and dayboats. Its product information document names Navigators & General as provider and Tokio Marine HCC as underwriter.
The rule
If the boat is over 30 years old and over 25 ft long, you must hold a survey report from a qualified surveyor that's no more than 5 years old, with all its recommendations complied with. If the boat is already insured with Craftinsure, a survey from the past 7 years is accepted.
Recommendations
As with GJW Direct, having the survey isn't enough on its own. All of its recommendations have to be complied with for the rule to be met.
Other conditions
- Seaworthiness. Loss or damage caused by the boat being unseaworthy isn't covered.
- Gradual causes. Wear and tear, depreciation, corrosion, rot, osmosis and electrolysis aren't covered.
- Licences. A current Canal & River Trust or Environment Agency licence, or the local navigation authority's equivalent, and a current Boat Safety Certificate, where they apply.
- Grounding. The cost of inspecting the boat after a grounding is covered, even when no damage is found.
For the surveyor
An owner can only show "all recommendations complied with" if each one is specific enough to sign off. Name the fitting, its location and the fix. Axsail writes every finding that way from what you say on board.