Competitive, but time will tell
Reviewed Sep 2016
I have our Top Hat insured with NRMA. When we took out the policy they wanted an in-water survey only. It includes rigging, and public liability, but not racing. So far the policy is competitive, but I'm not totally certain they'll be any better at honouring claims than any other insurer.
In the end, it is a gambling game for them. They'll all take your policy money for as long as the odds stack in their favour. As soon as there's a few claims on older boats dragging moorings, they'll clamp down on them.