Club Marine / TIO screwing over NT boaties

Talk about bungled boat ramps, net buybacks, marine no-go zones, mining disasters etc here.
Post Reply
User avatar
ozdodge
Jedi Seadog
Jedi Seadog
Posts: 1040
Joined: Mon May 14, 2007 5:04 pm
Contact:

Club Marine / TIO screwing over NT boaties

Post by ozdodge » Thu Apr 08, 2021 2:43 pm

Hello all,

I recently received my boat insurance renewal from Club Marine / TIO. The renewal notice included a new excess applicable to NT boats only, for underwater impact to motor damage (ie. probably the most common claimable event in our region - eg. hitting a rockbar or log). For my sized motor, the excess is $5,000! :bricks:

Club Marine change to excess for NT boats - April 2021.jpg

This makes insuring with Club Marine / TIO untenable for me, and after many years of loyalty to TIO (who shifted me to Club Marine) I am now forced to find a new insurer. :banghead:

I am extremely disappointed in Club Marine / TIO for forcing this change on me :fu: - be very careful when your renewal notice comes through that you think about whether it makes sense to continue, or to move insurers.

I am in the process of obtaining quotes from Elders, Nutrien, Trident, New Wave Marine and Nautilus Marine. Has anyone had positive or negative experiences with any of these insurers? - thanks!

cheers
You do not have the required permissions to view the files attached to this post.


ozdodge

Don't crowd me - I'm likely to bite!

User avatar
Swoffa
Jedi Seadog
Jedi Seadog
Posts: 510
Joined: Tue Mar 23, 2010 2:22 pm
Contact:

Re: Club Marine / TIO screwing over NT boaties

Post by Swoffa » Thu Apr 08, 2021 3:02 pm

I have been with Nautilus Marine for over 10 years and made 2 claims. No problems at all and very easy to deal with.
What angler can cross over a bridge without peering over its side

Marro
Platinum Member
Platinum Member
Posts: 133
Joined: Thu Jan 22, 2015 9:18 am
Location: Darwin

Re: Club Marine / TIO screwing over NT boaties

Post by Marro » Thu Apr 08, 2021 4:43 pm

Interesting. I just checked my TIO/Club Marine policy and it makes no mention of it. It expires in June so I expect it’s coming. I’ve been with Club Marine for years and never made a claim so if they do the same to me I’ll also be looking at alternatives. I recall talking to a bloke at the boat ramp a year or so ago saying that engine claims were on the increase and we should expect our premiums to increase. He suggested many were deliberate incidents in order to replace/upgrade motors. Maybe this is the response.

nomad
Jedi Seadog
Jedi Seadog
Posts: 5723
Joined: Wed Dec 23, 2009 10:29 pm
Location: PALMERSTON
Contact:

Re: Club Marine / TIO screwing over NT boaties

Post by nomad » Thu Apr 08, 2021 8:55 pm

Yep. Just took out a p I'll icy for a qld boat with cm and they said that they have an additional excess if I take it to nt and strike a submerged object. Only on renewal or new policies

NinjaFish
Jedi Seadog
Jedi Seadog
Posts: 795
Joined: Sun Aug 27, 2017 8:20 am
Location: Darwin

Re: Club Marine / TIO screwing over NT boaties

Post by NinjaFish » Fri Apr 09, 2021 3:38 pm

Yep. My Club Marine insurance also just renewed with same conditions

Just think, it all started at the Daly in the comps and their rep as a witness (being sponsor) seeing at least 6-7 damaged or complete lost engines in just one comp alone a couple of years back, - brand new 150 torn off and submerged prior to the comp start one year from memory!

I just wish they could penalise the peanuts that think every bit of water is a racecourse.

Hope to hear back how you go ozdodge.

User avatar
theodosius
Jedi Seadog
Jedi Seadog
Posts: 2862
Joined: Mon May 18, 2009 10:46 pm

Re: Club Marine / TIO screwing over NT boaties

Post by theodosius » Sat Apr 10, 2021 1:16 pm

I'll be changing, let us know what you find out from the other insurers

User avatar
ozdodge
Jedi Seadog
Jedi Seadog
Posts: 1040
Joined: Mon May 14, 2007 5:04 pm
Contact:

Re: Club Marine / TIO screwing over NT boaties

Post by ozdodge » Mon Apr 12, 2021 12:43 pm

So I received a range of quotes, and it's a bit hard to compare them as they're all a bit different.

For my boat, insured for around $60k, they ranged from a premium of $850 per annum, with a $1250 excess, to $1350 per annum, with a $300 excess.

I ended up going with Nautilus Marine, for $1080 per annum with a $500 excess, principally because that was the only insurer that anyone I spoke to had any experience with (thanks Swoffa!).

Thanks everyone for your comments, and good luck with your choice at renewal time....

cheers
ozdodge

Don't crowd me - I'm likely to bite!

User avatar
scottmac
Jedi Seadog
Jedi Seadog
Posts: 1611
Joined: Sun Mar 25, 2007 12:30 pm

Re: Club Marine / TIO screwing over NT boaties

Post by scottmac » Thu Apr 15, 2021 1:28 pm

Just got my renewal. See ya later Club Marine! :fubird: :fubird: :fubird: :fubird:

Edit- just signed up with Nautilus. Called Club Marine and told them in no uncertain terms what I thought of their new policy and to stop my cover immediately. He didn’t seem too surprised. Tried to explain that it’s their most claimed item and hard to get parts in the current climate. I told him I don’t care!
My premium is cheaper now also. Win, win.

User avatar
theodosius
Jedi Seadog
Jedi Seadog
Posts: 2862
Joined: Mon May 18, 2009 10:46 pm

Re: Club Marine / TIO screwing over NT boaties

Post by theodosius » Sun Apr 18, 2021 11:08 am

Cheers for the update

Post Reply
  • Similar Topics
    Replies
    Views
    Last post

Return to “Fishing Politics”