Comprehensive Insurance for Rigid Inflatable Boats
Rigid Inflatable Boats (RIBs) are built for performance, durability and adventure, but just like any vessel, they face risks both on and off the water. As a boat insurance broker, we have been providing cover and RIB insurance policies for over 50 years.
Put your Rigid Inflatable Boat into safe hands with an insurance policy, including theft and third-party liability, along with accidental damage and salvage charges. Having the right insurance in place ensures you’re financially protected and can set off with confidence every time you head out on the water.
Full, personalised cover for your RIB vessel with Velos means complete peace of mind.
Our RIB insurance policies aren’t listed on any price comparison site, as we create coverage that is tailor-made to each customer’s requirements and their individual rigid inflatable boats.
As such, our RIB insurance policy is a fully comprehensive, all-risks product, based on an agreed value that is stated on the policy paperwork; so, if your vessel is lost, this is the amount that you will get back for your craft.
The policy covers you for, amongst other things, theft, accidental damage and Salvage charges.
It also includes, as standard, Third Party Liability up to GBP 5m and Legal Expenses if you buy a Velos’ insurance product (this is not included with other insurers).
What does RIB insurance cover?
Highlights of the Velos RIB cover policy are as follows;
- Agreed Value, All-Risks policy
- GBP 5m Third Party Liability cover limit as standard
- Water Skiing Liability and Water Sports Liability can be included
- GBP 100,000 Legal Expenses cover included for free
- Loss or damage whilst in transit by road is included as standard
- Up to 25% NCB for 5 years claims free, after which protected at no additional cost
- Up to GBP 20,000 worth of Personal Accident and personal injuries cover included, as standard
- Up to GBP 5,000 worth of Medical Expenses cover included as standard
- Cover for inland and coastal waters of the UK and Europe, as standard
- If you have a claim in a marina, either ashore or afloat, we waive the deductible, and you don’t lose your NCB, even if it’s not protected
- If your RIB is under 23’ and damaged whilst on Holiday and you can no longer use it, we’ll pay up to £50 per day, for a max of 7 days, to allow you to hire a similar vessel so you can continue your Holiday.
Please note, the above policy details only apply to Velos’ own insurance products.
We’ve been a boat insurance broker for over 50 years, and as such, we have built strong relationships with most of the leading RIB insurers and providers on the market.
So, if our rigid inflatable boat policies aren’t suitable for you for whatever reason, we can source an alternative RIB quote from another trusted insurer so you don’t have to scour the entire market yourself.
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Want to get a FREE quote from us today to find out more about how we can help you get the right insurance solution.
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Claims Advice:
You can contact our claims team By Telephone: 020 7929 4058 from the UK or +44 20 7929 4058 from abroad.
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Frequently asked questions
It couldn’t be easier: use the claims section of our website and follow the instructions there. If you have any questions, just get in touch with us directly and we’ll be happy to talk you through it.
Rigid Inflatable Boat (RIB) insurance protects you against potential accidents, theft, damage and third-party liability. Whether you’re using your RIB for leisure or sports, having the right insurance in place gives you financial protection if the worst were to happen.
As long as the trailer and any equipment are declared to insurers and included in the Sums Insured, then they would normally be covered under a policy.
Irrespective Of which policy you select, there are always a few exclusions to cover. These would normally be as follows;
- Loss, damage, liability or expense intentionally caused by or consented to by you or arising from unseaworthiness resulting by you
- Cost of repairing any defect from a prior repair, alteration or maintenance work
- Design or construction fault
- Loss and damage caused by wear and tear and lack of reasonable maintenance
- Loss and damage caused by insects, vermin, damp and marine life
- Theft of insured gear and equipment unless it follows violent, forcible entry into your vessel or place of storage
- Theft of insured personal effects unless it follows violent, forcible entry into the vessel or vehicle while in transit
- Theft of your outboard motor unless it is secured to your vessel by an appropriate anti-theft device in addition to its normal method of attachment, or violent forcible entry into the vessel or place of storage
- Theft or loss of boats, such as dinghies or tenders, not permanently marked with the name of the parent vessel
Yes, you can protect your no claims bonus if you haven’t had a claim for 5 years or more at no extra cost.
Your accrued no claims bonus can generally be carried over to your new boat insurance policy for your previously insured vessel too.
