Round the Island cover
Many of Navigators’ policyholders do not race on a regular basis and therefore do not insure for racing risks, but with the annual Round The Island Race being such a highlight of the boating calendar, many choose to enter for the fun and spectacle of competing in this massive event.
Navigators suggests that as most claims during the race are as a result of collisions caused by overcrowding at the start or bunching round the back of the Island, yachtsmen not used to regular racing should give other competitors a wide berth and steer clear of trouble. This especially applies at the start, on the beat down to the Needles and at the congested areas around the finish line. Every crew member should keep a weather eye open for other boats, particularly when partially sighted after first hoisting the No1 genoa.
With so many boats in close proximity, the chances of damage to boats and possible injury to crews is high and with the increased risk these days of third party liability claims, owners and crews should take extra care. Skippers should give crews a clear briefing before the start regarding safety equipment on board, its location and use, how man overboard drill will be handled and how possibly dangerous manoeuvres such as gybing will be undertaken.
It should be remembered that the skipper is ultimately responsible for all the crew and should make sure each and every crew member is familiar with everything on board.
As well as covering client’s hulls and third party risks whilst racing, Navigators also provides automatic cover for masts, spars and sails under the Racing Risk Extension Clause during the race to provide the usual 2/3 indemnity for loss or damage to the rig, even though they may not normally have this extension. As far as Navigators is aware, no other insurance company offers such a benefit to its policyholders, making this gesture by Navigators unique.
Navigators is also keen to point out that any form of charter is specifically excluded under a normal pleasurecraft policy unless it has been specifically extended, so anyone thinking of chartering their boat for the Round the Island Race should contact their insurers first.
This year it is hoped that the usual large numbers of everyday sailors in their cruising yachts will turn out and race against the big boys in their state of the art racing machines. It’s all part of the scene that makes the Round The Island Race such a marvellous event.
Commenting on the free extension, Joe Field, Marketing Manager of Navigators and General said: "Many of our policyholders look forward to the Round The Island Race each year as it is their only foray into racing. It is a great family event, with top professional sailors competing against the weekend amateurs, but everybody enjoys taking part in such a spectacular race.
"We want our policyholders to enjoy it with complete peace of mind and that is why we are once again offering this free extension to their annual insurance cover."