Catamaran Insurance Broker Australia

Brokers

Finding multihull underwriters

A broker's real contribution on a multihull is knowing which underwriters currently have appetite for your specific boat. That knowledge is not published anywhere, it changes, and it is the difference between three workable quotes and a week of declines.

Catamaran details a broker needs

Whether the boat has charter provenance, where it operated, and for how long
Saildrive seal service history on both engines
Bridgedeck condition and any recorded slamming or structural repair
Beam, and which local yards can actually haul and store the vessel
Whether cyclone-season haul-out is practical at the home port
Whether the sum insured reflects freight and lead time on imported components

Multihull valuation and replacement costs

A catamaran claim costs more to settle than a monohull claim of the same hull value: fewer travel-lifts can take the beam, hardstand is dearer, there are two engines and two saildrives, and production cats often carry imported components with long lead times. A broker should be pushing the sum insured toward real replacement cost, not last year's figure.

Take the same facts to every market

A broker can only outperform a direct quote if the vessel information is complete and consistent. The checklist covers everything an Australian marine underwriter will ask.

Open the checklist

Frequently asked questions

Why do some insurers refuse catamarans?

Usually because the cost of a claim is higher and harder to predict than for a monohull, and because charter provenance is common in the fleet. It is an appetite decision rather than a judgement about the design.

Does a trimaran get treated the same as a catamaran?

Not always. Some markets write catamarans but not trimarans, so establishing appetite for your exact configuration is the first step rather than an afterthought.

General information onlyThe information on sailboatinsurance.com.au is general educational information only. It may be wrong, incomplete or out of date, and you should not rely on it as a substitute for the current policy documents or professional advice. It does not take into account your objectives, financial situation or needs and is not personal financial product advice. Insurance cover depends on the actual policy wording, Product Disclosure Statement, certificate of insurance, endorsements, exclusions, limits, sub-limits and underwriting decisions that apply to your vessel. Always read the current policy documents before buying, renewing or changing cover. For legal, financial or insurance advice about your own circumstances, consider speaking with an appropriately licensed professional.