Towergate Insurance

Towergate Insurance

October 10, 2011 10:43 ET

Towergate Insurance Video Explains Yacht Insurance

LONDON, UNITED KINGDOM--(Marketwire - Oct. 10, 2011) -

Editors Note: A photo is associated with this press release.

With the 2012 Olympics creating a surge of interest in sailing and the 2010 National Watersport Survey* reporting sailing enthusiast figures increased by 6.8%, boat insurance provider Towergate Insurance has produced a video explaining yacht insurance for new craft owners.

The video, which can be viewed here: http://www.towergateinsurance.co.uk/boat-insurance/tips-and-guides/yacht-insurance-explained.aspx, is accompanied by an interview transcript and covers everything you need to know about getting the right insurance protection for you and your craft, plus how to reduce premium costs.

The Survey suggests up to 2.9milion UK adults participate in boating activities and estimates around 1.1million craft are owned by UK households. This, says Towergate's Sales Director and yachtsman, John Tuckwell, is likely to increase as a result of the Olympics – encouraging novices to take to the water.

He comments: "Taking ownership of a new craft is exciting, yet daunting. As well as familiarising yourself with the craft and its workings, there's training and learning maritime protocols. Insurance can understandably fall down the priority list. This short video answers all the questions you may have up-front, providing information prior to purchase and making the whole process that much easier."

Yacht Insurance Explained is part of Towergate's series of videos and guides covering boat maintenance, equipment, training and choosing specific craft, such as a RIB. For further information, visit the website or call 0800 515629.

Notes to Editors

* The National Watersport Survey, commissioned by the RYA, BMF (British Marine Federation), RNLI (Royal National Lifeboat Institution), MCA (Maritime & Coastguard Agency) and the BCU - the British Canoe Union, seeks to benchmark participation rates and monitor trends.

Towergate Insurance is a leading provider of boat insurance and part of the Towergate Underwriting Group Ltd. The business has over 30 years experience in the marine sector and its team comprises experienced sailors.

On 9 September 2011, Towergate was given the Claims Service of the Year accolade at the UK Broker Awards in recognition of its outstanding claims service.

In keeping to support the communities it insures, this year the firm gave a young dinghy sailor – Scott Wallis from Hampshire -£2000 worth of sponsorship and supported the Sigma 38 Class Association National Championships (30 April – 2 May) at the Weymouth & Portsmouth Sailing Academy, the RS Tera National Championships (July) at Hayling Island Sailing Club, Bassenthwaite Sailing Club's annual Regatta (end July) and the Port of Dartmouth Sailing Regatta (20-28 August).

Towergate Underwriting Group Ltd is Europe's largest independently-owned insurance intermediary offering over 200 specialist insurance products and employing more than 4000 people in 100 offices. It is authorised and regulated by the Financial Services Authority.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20111010-yacht800.jpg

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