MODS – perhaps you could have a read through and make it sticky if you feel it will be of benefit.
The subject of insuring your fishing tackle is one of the most commonly raised subject on the Forum and gets diverse answers and opinions. Many users have grown frustrated at just what is and what isn't covered under their policies. Basically there are 2 ways to insure your gear, via a specialist tackle insurer or via your household insurance.
The following is a guide as to what you should be looking for and also possible pit-falls and “grey areas” with both types of policy. It is not meant as a definitive guide as there are numerous insurers each with their own policy wordings however it will give a “broad brush” of what you should be looking for.
Household Cover
Starting with household insurance this is the cheapest way to cover your gear and if done correctly is pretty comprehensive. The core cover you would have to start with is contents cover for your normal household possessions. This would cover your tackle but only whilst in the confines of your home, you would have a small amount of cover whilst the tackle was in your car but nothing on the bank or in use.
Most insurers offer the optional extension of a personal belongings or personal possessions section. This is designed to extend the cover of your standard household policy out of the home and is normally written on a world-wide basis. You must specify an amount to be insured, the minimum is usually £2,000 and you will be covered for any loss or damage to your property whilst away from home. Obviously restrictions apply and the ones to be wary of are:
Theft from an unattended motor – standard policy limits are usually low, maximum £1,000 and only if the items were in a locked boot. Some insurers, (Norwich Union for example) offer a sports package extension which will increase the limit to £2,500 anywhere in the car.
Loss or damage whilst in use – Some insurers simply say, “excludes loss or damage to sports equipment whilst in use” I could honestly see an insurer stating that for the period you were on the bank your tackle would be “in use” therefore cover would not apply. Other insurers are more specific and say “excludes loss or damage to racquets, sticks, bats and clubs whilst in play” This would therefore allow full cover for your tackle. This area DEFINITELY should be checked.
Loss or damage whilst asleep – grey area! This is of most concern to the majority of anglers, waking up to find your pod and the £2,000 worth of gear that was sat on it have gone. As far as I am concerned unfortunately on a household policy there is no definitive answer. There are no specific exclusions to leaving stuff in the open whilst asleep BUT there is a duty of care to take reasonable precautions to prevent a theft and insurers may see a person being fast asleep whilst leaving £2,000 worth of gear in the open as not taking reasonable care. If you are beaten up though or woken up and threatened that is a different matter altogether and I would expect most insurers to pay for stolen tackle in this instance.
All in all a household policy will adequately cover you for most situations and the cost is cheap.
Specialist Tackle Insurers
For no other reason than they are the best known I will use Tackleguard in this instance.
First off it is expensive! £5,000 worth of cover will cost over £200 to include up to 30 days abroad, theft from a vehicle and night fishing.
10% policy excess, if you were wiped out of £5,000 worth of tackle you would have to pay the first £500. A standard household policy is £50 excess.
Items over £300 need to be specified, on a typical household policy this is £1,500.
If you have over £3500 worth of tackle in your motor the car must be protected with a Thatcham Category 1 or 2 alarm in order for cover to apply.
No cover for items over 10 years old.
If at the time of any claim you have any other insurance or guarantee which covers the same theft, accidental damage, loss, or damage they will only pay a rateable share of the claim. If you have a household policy in force they would expect a contribution from them, claims will get very messy!
You must take all reasonable care to prevent any Accidental Damage, Theft or Irrecoverable Loss and keep Your Property Insured and the Insured Location in a good state of repair and condition. This like the household version is very grey!
Tackleguard do provide cover overnight but you must be within 5 metres of your rods and use bite alarms. I would however expect them to make full use of the “reasonable care” wording in such circumstances!
For what it's worth I insure my tackle under a household policy and I am perfectly happy that in 99% of cases I will be adequately covered.
Like I said this is not meant to be a definitive guide to insuring your tackle but hopefully it will have been useful. If the MODS want to make this sticky I will do my best to answer any further questions you may have.
Spod.
The subject of insuring your fishing tackle is one of the most commonly raised subject on the Forum and gets diverse answers and opinions. Many users have grown frustrated at just what is and what isn't covered under their policies. Basically there are 2 ways to insure your gear, via a specialist tackle insurer or via your household insurance.
The following is a guide as to what you should be looking for and also possible pit-falls and “grey areas” with both types of policy. It is not meant as a definitive guide as there are numerous insurers each with their own policy wordings however it will give a “broad brush” of what you should be looking for.
Household Cover
Starting with household insurance this is the cheapest way to cover your gear and if done correctly is pretty comprehensive. The core cover you would have to start with is contents cover for your normal household possessions. This would cover your tackle but only whilst in the confines of your home, you would have a small amount of cover whilst the tackle was in your car but nothing on the bank or in use.
Most insurers offer the optional extension of a personal belongings or personal possessions section. This is designed to extend the cover of your standard household policy out of the home and is normally written on a world-wide basis. You must specify an amount to be insured, the minimum is usually £2,000 and you will be covered for any loss or damage to your property whilst away from home. Obviously restrictions apply and the ones to be wary of are:
Theft from an unattended motor – standard policy limits are usually low, maximum £1,000 and only if the items were in a locked boot. Some insurers, (Norwich Union for example) offer a sports package extension which will increase the limit to £2,500 anywhere in the car.
Loss or damage whilst in use – Some insurers simply say, “excludes loss or damage to sports equipment whilst in use” I could honestly see an insurer stating that for the period you were on the bank your tackle would be “in use” therefore cover would not apply. Other insurers are more specific and say “excludes loss or damage to racquets, sticks, bats and clubs whilst in play” This would therefore allow full cover for your tackle. This area DEFINITELY should be checked.
Loss or damage whilst asleep – grey area! This is of most concern to the majority of anglers, waking up to find your pod and the £2,000 worth of gear that was sat on it have gone. As far as I am concerned unfortunately on a household policy there is no definitive answer. There are no specific exclusions to leaving stuff in the open whilst asleep BUT there is a duty of care to take reasonable precautions to prevent a theft and insurers may see a person being fast asleep whilst leaving £2,000 worth of gear in the open as not taking reasonable care. If you are beaten up though or woken up and threatened that is a different matter altogether and I would expect most insurers to pay for stolen tackle in this instance.
All in all a household policy will adequately cover you for most situations and the cost is cheap.
Specialist Tackle Insurers
For no other reason than they are the best known I will use Tackleguard in this instance.
First off it is expensive! £5,000 worth of cover will cost over £200 to include up to 30 days abroad, theft from a vehicle and night fishing.
10% policy excess, if you were wiped out of £5,000 worth of tackle you would have to pay the first £500. A standard household policy is £50 excess.
Items over £300 need to be specified, on a typical household policy this is £1,500.
If you have over £3500 worth of tackle in your motor the car must be protected with a Thatcham Category 1 or 2 alarm in order for cover to apply.
No cover for items over 10 years old.
If at the time of any claim you have any other insurance or guarantee which covers the same theft, accidental damage, loss, or damage they will only pay a rateable share of the claim. If you have a household policy in force they would expect a contribution from them, claims will get very messy!
You must take all reasonable care to prevent any Accidental Damage, Theft or Irrecoverable Loss and keep Your Property Insured and the Insured Location in a good state of repair and condition. This like the household version is very grey!
Tackleguard do provide cover overnight but you must be within 5 metres of your rods and use bite alarms. I would however expect them to make full use of the “reasonable care” wording in such circumstances!
For what it's worth I insure my tackle under a household policy and I am perfectly happy that in 99% of cases I will be adequately covered.
Like I said this is not meant to be a definitive guide to insuring your tackle but hopefully it will have been useful. If the MODS want to make this sticky I will do my best to answer any further questions you may have.
Spod.
In reply to Post #1
nice one Spod, I was just about to renew my household insurance and now know what to ask for!
nice one Spod, I was just about to renew my household insurance and now know what to ask for!
In reply to Post #1
thanks for the info mate.very helpful
thanks for the info mate.very helpful
In reply to Post #1
nice one spod.
I was just about to write the same thing
nice one spod.
I was just about to write the same thing
In reply to Post #4
best deal iv'e found is with Liverpool&Victoria (0800709709).Got house insured with £2500 for the fishing gear for £240
best deal iv'e found is with Liverpool&Victoria (0800709709).Got house insured with £2500 for the fishing gear for £240
In reply to Post #5
Try M&S - very realistic prices and covered whilst in use for breakages and the like.
Only downside is it is underwriten by Norwich Union whose claims depertment will not win any prizes for customer relations!
Try M&S - very realistic prices and covered whilst in use for breakages and the like.
Only downside is it is underwriten by Norwich Union whose claims depertment will not win any prizes for customer relations!
In reply to Post #1000
much appreciated spod !
I'm about to insure my gear and you have made me think before leaping.
much appreciated spod !
I'm about to insure my gear and you have made me think before leaping.
In reply to Post #2
just to add another point to look out for on you're household insurance...
check how much you're covered for when storing tackle in an outbuilding
i had to make a claim a few years back for £4000 only to find out that i was only covered for £2000 in an outbuilding/shed
ouch!!
i now keep the main items of tackle under the stairs!!
just to add another point to look out for on you're household insurance...
check how much you're covered for when storing tackle in an outbuilding
i had to make a claim a few years back for £4000 only to find out that i was only covered for £2000 in an outbuilding/shed
ouch!!
i now keep the main items of tackle under the stairs!!
In reply to Post #9
Yep, good point Sid
Most "decent" insurers will not have any limit though but the question should be asked when obtaining quotes.
Yep, good point Sid
Most "decent" insurers will not have any limit though but the question should be asked when obtaining quotes.
In reply to Post #2
Spod any idea where you stand when you have a personal possesions clause in your household insurance.
I put a £3000 one on mine mainly to cover wifeys gems
I presume it covers my personal items to same amount,so assumed that covered my tackle whilst out and about.
Spod any idea where you stand when you have a personal possesions clause in your household insurance.
I put a £3000 one on mine mainly to cover wifeys gems
I presume it covers my personal items to same amount,so assumed that covered my tackle whilst out and about.
In reply to Post #8
www.eandl.org.uk/coarsefishing try these
They do not insure whilst in use(night fishing). They only insure if you have had your equipment forcibly removed from you.
I presume it covers my personal items to same amount,so assumed that covered my tackle whilst out and about.
I would definately ring and check because I dont think that "personal possesions" covers your fishing tackle in use unless it is otherwise stated on your policy. I think tackle would be classed as sporting equipment and most companies do not insure it whilst in use.
Most people with household insurance have got cover on their tackle, only if it is nicked from the home, garage and sometimes your car, which leads people to believe that their equipment is insured on the bank, but unfortunately it is not. Unless it is specificaly stated on your policy, ring up and ask the questions and get peace of mind.
www.eandl.org.uk/coarsefishing try these
They do not insure whilst in use(night fishing). They only insure if you have had your equipment forcibly removed from you.
I presume it covers my personal items to same amount,so assumed that covered my tackle whilst out and about.
I would definately ring and check because I dont think that "personal possesions" covers your fishing tackle in use unless it is otherwise stated on your policy. I think tackle would be classed as sporting equipment and most companies do not insure it whilst in use.
Most people with household insurance have got cover on their tackle, only if it is nicked from the home, garage and sometimes your car, which leads people to believe that their equipment is insured on the bank, but unfortunately it is not. Unless it is specificaly stated on your policy, ring up and ask the questions and get peace of mind.
In reply to Post #12
Stephen, you've not quite got it right mate
i have to go out but I will come back on and answer your question later Stumbles mate
Stephen, you've not quite got it right mate
i have to go out but I will come back on and answer your question later Stumbles mate
In reply to Post #13
Im currently using my household insureance which runs out very shortly,and im thinking of using one of the specialised Tackle insureances which are about,is there one called Tackle-sure ?As my household insurence want reciepts etc,and luckily i hav'nt had to make a claim in over 12 years but there are so many clauses.Im a bit worried if the unfortunate happens i wont be able claim.
Im currently using my household insureance which runs out very shortly,and im thinking of using one of the specialised Tackle insureances which are about,is there one called Tackle-sure ?As my household insurence want reciepts etc,and luckily i hav'nt had to make a claim in over 12 years but there are so many clauses.Im a bit worried if the unfortunate happens i wont be able claim.
In reply to Post #1000
Thats interesting,,,, 3 yrs ago I got out of my Bivvy to find the rods and pod gone, I contacted the insurance and was paid out within a month,(Endsleigh House insurance) with no questions, On the 17th Sept My shed was broken into and all my gear went as well as my wielder, Norich union was a different matter, all my carp gear was insured under my personal belongings for £8000. This covers my kit anywhere in the world at any time, but Norich union stated that because it was my shed that the gear was in, it was only covered on my normal house insurance and shed and outbuildings are costed at £2500. so I went back to the Broker and comlained Norich Union eventually paid out in full. but the best part was trying to explain to the insurance that if my gear was insured any where in the world, where the hell do you think my shed is,,,,MARS !!! yea totally agree, insurance is needed by us all but what a pain in the arse getting it right
Thats interesting,,,, 3 yrs ago I got out of my Bivvy to find the rods and pod gone, I contacted the insurance and was paid out within a month,(Endsleigh House insurance) with no questions, On the 17th Sept My shed was broken into and all my gear went as well as my wielder, Norich union was a different matter, all my carp gear was insured under my personal belongings for £8000. This covers my kit anywhere in the world at any time, but Norich union stated that because it was my shed that the gear was in, it was only covered on my normal house insurance and shed and outbuildings are costed at £2500. so I went back to the Broker and comlained Norich Union eventually paid out in full. but the best part was trying to explain to the insurance that if my gear was insured any where in the world, where the hell do you think my shed is,,,,MARS !!! yea totally agree, insurance is needed by us all but what a pain in the arse getting it right