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Firm Ref. No. 312098

Frequently Asked Questions

FAQ - Answers

This company is incorporated and operates under the laws of the United Kingdom. We are based in Ilkley, West Yorkshire, within the United Kingdom and represent the Your Insurers that subscribe to your policy of marine insurance. We are part of the T Dallas group of companies who are insurance brokers and underwriting agents representing many Insurers throughout the world. T L Dallas was established in 1919 and has flourished since that date. The company now enjoys an excellent reputation throughout the Insurance market. Full details can be obtained by clicking on the following link or searching the records at Companies House , Cardiff, United Kingdom.

We will place your vessel in the same condition it was in before your loss, inso far as it is possible. What this means is that we will apply depreciation to costs that have been agreed as fair and reasonable. The way and manner we apply depreciation is set out within the insuring agreement. This policy is not new for old and this is the reason that we apply depreciation.

Sue & Labor is most easily defined as an expense that you incur to prevent or minimise loss or damage to your vessel that would be covered by your insurance policy. Your policy obliges you to take all nessecary steps to prevent or minimize such loss or damage and even if these are unsuccessful, your insurers will pay for you 80% of the costs you incur over and above any claim that may be paid for loss or damage to your vessel.

This is shown on your policy declaration page (headed “Cover Note”) alongside each heading of coverage afforded. This is the amount of each claim that you must meet. Usually this is taken off the agreed gross amount of your claim and a net figure arrived at. If your vessel is damaged by a named windstorm then the amount of this deductible will be doubled.  Different deductibles also apply to theft losses.

Salvage charges are defined by the insuring agreement as those reasonable charges and expenses that you incur “with our permission and consent” to prevent further loss and or damage to your vessel. We will pay these charges in full without application of your deductible and regardless of whether your eventual claim exceeds the deductible.

One is incurred with our knowledge and consent; the other is as a result of steps taken by you without our knowledge and consent. Salvage will refer to an express agreement with a third party to “salve” your vessel. We generally in a better position to agree terms with professional salvors than you are. If you are unable to reach us, then be wary of accepting terms from salvors that are simply presented to you in the form of their written form of salvage agreement. Do not sign this agreement unless you are certain that you understand what it means and that the charges being made are fair and reasonable. If the salvor refuses to assist you unless you sign then make sure that you record the agreement as having being “executed under protest”.

Only if we have agreed to this. This is a named operator only policy. In order to cover any operator we require full details of their boating experience, loss record and details of any violation/suspension including auto within the last five years.

This is the period of time within which it has been agreed that a vessel will not be operated in any manner whatsoever. We will either agree to you laying your vessel afloat or on land. In exchange for this you will have received a reduced premium. In the event that you do operate your vessel during this period you will not be covered for any losses or damage.

No. This type of loss is specifically excluded.

This automatically cancels your policy immediately unless you have our agreement to the contrary. You should tell us if you are selling your vessel and upon what date ownership will pass. You will receive an appropriate short rate return of premium. You cannot transfer your insurance with title to your vessel.

You must properly maintain your vessel at all times throughout the term of your policy and ensure that it is seaworthy . This is very important because if it is subsequently determined that your vessel has not been mantained in a seaworthy state then your entire policy may be prejudiced and not just the particular claim . A marine surveyor can help you with this and advise you whether your vessel is seaworthy . Make sure your survyor is a member of an organisation such as the society of marine surveyors "SAMS" or some other body that is recognised and has membership details You must also comply with any regulations covering the use of your vessel ie the coastguard . You must obey any law relating to the use and ownership of your vessel . You must not use your vessel for any illegal or unlawful activity and you must not allow others to do so either . You must not operate your vessel whilst under the influence of alcohol or drugs.

You have to show that the damage was sustained as a result of some accident and or fortuity that befell you as a result of the operation and or management of your vessel. Engines especially don’t last forever and sooner or later will require attention. This is part of general maintenance. This policy will not cover you for normal wear and tear.

You have already agreed that you will only operate your vessel within a strict area. If you break that agreement we will not pay for any losses that you sustain. Ensure that you properly understand where you can operate and where you may not operate your vessel.

Only if you tell us about this and we have agreed in writing with you.

We try to cover as many eventualities as we can but if you have any queries please do not hesitate to contact us.