I ahve just written a cheque for £73.95 to renew Chertsey's insurance for another year.
If that sounds cheap - I agree, it is. Another massive advantage is that they don't require a survey.
Is there a catch? Well, you might think so, but I don't.
It is, of course, not fully comprehensive insurance. It does not cover me for any damage that occurs to Chertsey. It does, however, meet all CRT's licencing requirements, and gives me the peace of mind of knowing that I'm covered if Chertsey does any damage to someone else's boat, or if she sinks and needs to be moved out of the way. That, after all, is where the big bills are likely to be - not in repairs to an eighty year old boat with scarcely any fit out, no expensive equipment or systems, and which is constantly being patched up anyway.
Of course, if Chertsey was damaged by another boat, I should be able to claim on their third party insurance - so the only gamble I am really taking is that I won't wreck her myself. And I really will try not to. In some ways, The Basic Boat Liability Company would appear to be taking more of one - providing salvage insurance without a survey for an old boat - the fact that they're prepared to underlines how low the risk, actuarily, must be.
I am of course happy to save the costs of comprehensive insurance and regular surveys, but even more valuable is not having the hassle. An added bonus is that I can do it all by post, and better still, they're based in Sidcup.