Colin Dawson says “Beware of what you are buying and from whom.”
The importance of understanding the insurance cover one has and the knowledge of those providing it rather than relying on price is something often spoken about. Yet we continue to see price being the primary deciding factor when owners or their delegated people choose insurance cover for their (often) multi million dollar asset. We find ourselves in an insurance market where insurers are shrinking away from risk and being ever more careful with what they underwrite. Its more important than ever to fully understand what you are buying, the ability of those you are buying from and the understanding of yacht risks the insurer has. There will always be a cheaper or more enticing option available but what are you _really_ getting for this?









