As a minimum your canal boat insurance company must be regulated by the UK Financial Services Authority and cover third party liabilities of at least two million pounds.

Canal boat insurance cost. Lowest rates for qualifying owners for comprehensive cover including 5million third party liability. Theres nothing worse than being stranded on your narrowboat. Legal costs incurred as a result of damage to a third-party boat or property or injury to a third party person Cover extends to any person in charge of your boat with your permission Option to increase standard Liability cover from 3 million to 5 million for 40 plus IPT insurance premium tax.

Insurance currently costs around 300 per annum. Typically expect to pay around 200-300 a year give or take a bob or two. Boat licence fees for 2020-21.

Get Free Quotation Buy Online Now. Optional River Canal Rescue cover. Considering how much British people pay for car insurance it is actually quite surprising how cheap canal boat insurance can be must be the lack of boy racers on the canals.

This cover is a pay on use system at a cost of 50 per call out. You can cut the cost of boat insurance by. Ad Search Faster Better Smarter Here.

As a member you will benefit from knowing that they are on hand should you suffer a breakdown subject to a 50 call out fee. The good news is that canal boat insurance is relatively inexpensive with even the most comprehensive level of cover coming in at less than 500 per annum. We use about two 25kg bags of coal per week approx 10 in winter.

The cost will vary depending on the age and type of boat. Thats why we offer the option to include breakdown cover from River Canal Rescue as an additional extra. For more information please download our RCR brochure Subject to the terms and conditions of the GJW Direct Narrowboat Barge Policy.