The construction of a rigid inflatable boat is generally a tough and resilient fixed frame with a hardwearing, durable inflatable skin, designed to ensure that the overall weight of the craft is kept to a minimum. Should an outboard engine be added, this vessel is enabled to travel at a fast rate of knots across the water and provides excellent value for money.
An RIB fitted with an engine is considered a powerboat, with their inflatable tubes or collars making them resilient and virtually unsinkable. Therefore, they perform superbly in situations involving rescue at sea, patrolling, races and for any general task. Because of the nature and form of this vessel, it is crucial that their owners ensure they have adequate RIB insurance.
Although an RIB is relatively light and inflatable, these inherent features do not make it less susceptible to causing severe damage to people and property in the event of a collision, added to by its high-speed potential. This is only one aspect of insurance, as other considerations are theft of the craft, fire, loss, or damage during transportation and various other factors.
Third party insurance is the minimum policy that should be held by a RIB owner, as at least injuries sustained to other people and damage to property would be covered financially. However, when you consider the power and versatility of a rigid inflatable boat, it does seem wise to have the benefits provide by a fully comprehensive insurance. Admittedly, the premiums will be higher, but they will prove worthwhile should there be a severe mishap involving your boat.
As with any other form of insurance policy, RIB insurance will include certain exclusions in the policy. For example, wear and tear and corrosion are considered usual factors for exclusion in policy coverage. Various insurance providers extend cover for rigid inflatable boats and to obtain the best available policy and rates for your specific needs, consult a professional insurance advisor.
Premiums will be based on the nature of use to which your RIB is subjected and a variety of other factors, with an applied or voluntary excess being a mitigating and negotiable aspect.
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