Onrisk were approached by a hovercraft pilot who wanted insurance for both himself and his craft for various uses. We discovered that there is little choice of hovercraft insurance providers in the UK . So after much research we teamed up with Albion Insurance Company to offer our own comprehensive hovercraft insurance to meet the requirements of most pilots.
Historically, the cost of hovercraft insurance was determined by the perceived risk. Like all flying, it was considered to be relatively high risk - so either premiums were loaded or cover was limited to Third Party only; or at worst, not offered at all. Onrisk has experienced hovercraft flying first hand and we believe that hovercraft pilots should be treated the same as other pilots, as the risks are often lower. This is why Onrisk.co.uk set out to erase the misconceptions of hovercraft flying and sourced comprehensive hovercraft insurance to offer hovercraft pilots new and innovative options.
Hovercrafting is an activity growing in popularity together with hovercraft racing and hovercraft competitons with Hovercraft clubs and associations constantly developing, such as the Hovercraft Club of Great Britain (HCGB). This is raising awareness of the sport and will benefit hovercrafting as a recognised sporting activity.
Hovercraft Insurance - what does it cover?
Onrisk Hovercraft Pilot, Hull & Liability insurance covers legal liability for damages and legal costs arising out of third party loss, injury, or damage in connection with flying hovercraft. Unlike many policies the insurance can also apply whilst you are taking part in organised hovercraft leisure events, crusiing events and hovercraft racing. The premiums payable for Onrisk hovercraft insurance are minimal compared to the damages that could be awarded as part of a liability settlement. Group hovercraft insurance is also available.
This is annual hovercraft insurance cover for
- Loss of or damage to hovercraft hull including whilst in transit and storage
- Loss of or damage to trailer and specified equipment
- Liability for accidental bodily injury to passengers of the insured hovercraft and for loss of or damage to passengers' baggage and personal articles arising out of an accident to the insured hovercraft
- Liability for accidental bodily injury to third parties and accidental loss of or damage to property caused by the insured hovercraft
- Legal costs incurred with the Insurers consent, in connection with a claim against the Insured
- Personal Accident cover
- Additional Named Pilot Personal Accident cover (optional)
Please note this is only a summary of the cover provided. Full detail of the cover is available in the Key Facts Document and Policy Wording which are available on request.
See also:
Life Insurance with Critical Illness
Travel Insurance for hovercrafting