The East Coast Mutual Yacht Insurance Association Limited

Established 1897 – Company No. 52231

The East Coast Mutaual Yacht Insurance Association Limited. is a non-profit making concern run entirely for the mutual benefit of its members. It is authorised and regulated by the Financial Services Authority.

Membership is limited to a maximum of 500.

The following important information should be read carefully when considering any insurance cover offered by the Association.

The Association has substantial reserves and in addition our Third Party and Personal Injury Cover of up to £3,000,000 on any one claim is 100% re-insured.

We do not operate a no claims bonus system but if we have a good year and funds permit we give continuing members the benefit by way of a discount on their premiums for the following year.

Risks are carefully selected. The age, condition and value of the yacht and the owners experience are all taken into account.  No yacht over 50 years of age can be accepted.  Although accepting yachts up to £80,000 in value, we favour the smaller type of sailing cruiser.  We do not accept motor yachts.

Key Facts about our Insurance

1. The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. It requires us to give you this information for you to decide if our insurance service is right for you.

2. Whose products do we offer?

We only offer our own policy for marine insurance for sailing yachts.

3. Which services will we provide you with?

You will not receive any advice or a recommendation from us for any other insurance or insurance contracts.

4. What will you have to pay us for our services?

No fee is payable

5. Who regulates us?

The East Coast Mutual Yacht Insurance Association Limited (ECM), 8 Little Baddow Road, Danbury, Essex CM3 4NT is regulated by the Financial Conduct Authority. Our FCA Register number is 401299.  Our permitted business is as a general/marine insurance company and we are authorised to provide you with our own insurance product. You can check this on the FCA’s Register by visiting the FCA’s website or by contacting the FCA on 0845 606 1234.

Important Information – Statement of Demands and Needs

In choosing to renew this Policy you have not received any personal recommendations from ECM.

This Policy offers marine insurance cover which includes Third Party and Personal Injury Cover.

This Quotation/Renewal Notice is based on our assumption that our Demands and Needs are to maintain your marine insurance cover for the named vessel and in accordance with the information you have supplied.

This Statement does not form part of the terms and conditions of your Policy.

Cancellation Rights – You may cancel this Policy by giving notice in writing.

Policy Wording – If you have mislaid your Policy document, please let us know and we will send a copy.

Authority to renew – If we are willing to continue providing cover and advise you beforehand of the renewal terms, you authorise us to renew this Policy in accordance with the renewal terms at the time, unless you advise us otherwise before the renewal date.

This insurance is subject to English Law and practice.