Yacht Insurance specialists give yacht owners chance to future-proof their yacht insurance costs

SOUTHAMPTON, U.K. - Sept. 13, 2019 - PRLog -- Yacht Insurance rates are continuing to rise and there is no sign of an end to the trend which has seen the yacht and boat insurance market harden over the past 24 months.  Mark Elcocks, of independent Boat and Yacht Insurance specialists IRCM said "some prominent Market faces are going so far as to pronounce not only the death of flat-line premium renewals in the short term but are also forecasting the start of a new era of annual incremental increases in yacht insurance premiums."

Mark said "Time was, the traditional way to reduce your Yacht Insurance was to shop around the various providers.  Historically, the problem with this, of course, is that there were few roads to Market and they tended to eventually lead to fewer insurers; nevertheless, with perseverance you had a good chance of finding somebody who would match your cover at a slightly cheaper rate.  Today, however, with several insurers having withdrawn from the Market already this year and others reviewing exactly what they are prepared to insure, the options for shopping around are diminished.

"Not only are insurer options diminishing (unless, perhaps, you would like to take a chance with an unrated insurer) the odds of finding an insurer who you can return to with a competitive quote and then negotiate your renewal premium down are lengthening against you.  This is because insurers are having to face the reality of reviewing the way they do business if they want to stay in the game; and reviewing the way they do business means increasing their revenues; which in turn means increasing your Yacht Insurance premiums. Ultimately, what this means is that your renewal quotation pretty much resembles a line drawn in the sand by your provider."

IRCM are giving UK-domiciled yacht and powerboat owners an opportunity to "Future-Proof" their yacht and boat insurance costs.  Whereas the normal Market practice, is for insurance quotations to be valid for only 30 days, IRCM are offering owners competitive quotations at current rates for their Yacht Insurance requirements that are guaranteed for 12 months.

https://www.marineinsurance-ircm.co.uk/

To obtain a 12-month Guaranteed Yacht Insurance Premium UK-domiciled yacht and powerboat owners should telephone IRCM on 01902 796 793 or email enquiries@marineinsurance-ircm.co.uk .  The offer expires at end of the Monaco Yacht Show on 28 September 2019.

Insurance Risk & Claims Management Ltd (IRCM) are authorised and regulated by the Financial Conduct Authority.