jonSE
16th June 2006, 07:50 PM
In anticipation of our move from NZ to OZ next week, (all arranged very much at the last minute) started looking for Shipping Insurance. A Letton Percival were good on the phone but never got back to me by email. So I looked locally here in NZ. callled Vero marine this morning. They don't deal direct with joe public and referred me to David Brown at Crombie Lockwood 0064 9 6239900, who are a broker for Vero
He came back to me with a quote for 0.83% for total loss and accidental damage of household goods and personal effects. I must emphasise that this is with an excess of $10,000NZ. As we have done all our own packing we were looking at 5.3% for total loss and damage for Insurance provided by the shippers so there is a saving of nearly $7000NZ
Given that our household stuff is being shipped FCL (full container load) loaded at our house here in NZ I was happy to stand a big excess. I am happy to cover a few grands worth of breakages because I don't believe that level of breakage is realistic. Total loss is a given - got to have it. But what happens if they drop the container - it does happen hence the big excess to try and cover this eventuality.
He also got us a quote of 0.85% for the shipping of our cars with a 1% excess (approx $600NZ) saving $3500 over wht the shippers quoted and with half the excess.
Moral of the story - Google shipping insurers then go and get your own quotations direct from the brokers.
I've just saved myself over $10,000NZ and my maximum exposure is less than $10000NZ more as a result. If nothing happens I am $10k up, if the worst happens I am about even.
I guess premiums UK to NZ or vice versa will be higher as the shipping time is longer and most containers get unloaded and reloaded in Singapore or similar.
Cheers
Jon
PS
Vero is part of Sun alliance etc as the text below describes "borrowed from their website"
Vero Marine was established in 1990 as a joint venture by combining the marine companies of Commercial Union General Insurance Company Limited, Royal Insurance Fire & General (NZ) Limited and The Marine Insurance Company, under the name International Marine Insurance Agency Limited (IMIA).
In 1996, Sun Alliance acquired the local companies of the Commercial Union and Royal Insurance. With the merger of Royal and Sun Alliance in the United Kingdom in 1995, IMIA became part of the Royal & SunAlliance Group. Following the successful flotation of the Australasian Royal & Sun Alliance companies, IMIA rebranded in September 2003 as Vero Marine.
He came back to me with a quote for 0.83% for total loss and accidental damage of household goods and personal effects. I must emphasise that this is with an excess of $10,000NZ. As we have done all our own packing we were looking at 5.3% for total loss and damage for Insurance provided by the shippers so there is a saving of nearly $7000NZ
Given that our household stuff is being shipped FCL (full container load) loaded at our house here in NZ I was happy to stand a big excess. I am happy to cover a few grands worth of breakages because I don't believe that level of breakage is realistic. Total loss is a given - got to have it. But what happens if they drop the container - it does happen hence the big excess to try and cover this eventuality.
He also got us a quote of 0.85% for the shipping of our cars with a 1% excess (approx $600NZ) saving $3500 over wht the shippers quoted and with half the excess.
Moral of the story - Google shipping insurers then go and get your own quotations direct from the brokers.
I've just saved myself over $10,000NZ and my maximum exposure is less than $10000NZ more as a result. If nothing happens I am $10k up, if the worst happens I am about even.
I guess premiums UK to NZ or vice versa will be higher as the shipping time is longer and most containers get unloaded and reloaded in Singapore or similar.
Cheers
Jon
PS
Vero is part of Sun alliance etc as the text below describes "borrowed from their website"
Vero Marine was established in 1990 as a joint venture by combining the marine companies of Commercial Union General Insurance Company Limited, Royal Insurance Fire & General (NZ) Limited and The Marine Insurance Company, under the name International Marine Insurance Agency Limited (IMIA).
In 1996, Sun Alliance acquired the local companies of the Commercial Union and Royal Insurance. With the merger of Royal and Sun Alliance in the United Kingdom in 1995, IMIA became part of the Royal & SunAlliance Group. Following the successful flotation of the Australasian Royal & Sun Alliance companies, IMIA rebranded in September 2003 as Vero Marine.