Insuring Faster Boats: cover and premium
motorboats and sports boats · Finland
Faster Boats builds motorboats and sports boats in Finland. NAMMERT insures a Faster regardless of year built or where you bought it, liability, hull, legal expenses and personal accident cover from one house, taken out online in five minutes.
At a glance
Origin
Finland
Class
motorboats and sports boats
Typical sizes
5 to 9 m
Premium from
from €49 a year for liability
Worth knowing
Faster Boats; cover, cost and conditions
Faster builds aluminium boats between 5 and 7.3 metres in Finland, plain open boats and console versions, many of them in commercial and official use. They are workboats that are also used privately. Anyone who uses such a boat commercially, for guiding, as a water taxi or for service trips, must state the type of use: commercial use is not automatically covered and carries surcharges of its own.
On workboats the equipment is usually a bigger block of value than the boat itself: echo sounder, radio, life saving equipment, tools, often a fixed load area or a crane. This equipment belongs in the sum insured, with technical equipment and electronics listed separately. Whatever is not in the sum is not insured in the event of a claim, even if it was permanently mounted on the boat.
Questions and answers
Frequent questions
Do I have to declare commercial use?
Yes, for Faster too: Charter, guiding and service trips can be insured with a surcharge,
but without a declaration there is no cover for a claim arising in commercial use.
The cover that fits
motorboat insurance
Tariffs, cover and FAQ for motorboat insurance in detail.
Third-party liability
The foundation for a boat from Faster: damage to third parties, worldwide,
from €49 a year for liability.
Hull cover
Partial or full hull cover for a Faster, at replacement value with an agreed fixed value.
For the whole class of boat
For Faster: What matters for motorboats and sports boats is the same across every brand;
engine output, how a claim is settled, cruising range and theft protection.
The class page lists every point and every brand in this class, Faster included.
Insuring motorboats and sports boats, every brand and every condition
Other builders in this class
Nautical information What counts before you cast off, papers, equipment, waters
Licence
A powerboat licence (inland or coastal) is required from 15 hp (11.03 kW).
Registration
Registration from 3 hp; for trips abroad carry the boat certificate or flag document.
Waters
Inland, coastal and abroad; plan fairways, bridge clearances, draught and tides.
Equipment
Lifesaving gear, fire extinguisher, anchor, signalling equipment and correct navigation lights.
Cruising range
The agreed cruising range is stated in the policy and can be extended at any time.
Weather
Check wind force in Beaufort and wind direction before casting off, and allow for gusts.
General guidance, not a complete account;
what governs are the rules of the waters you are on and the manual of your Faster.
Current wind force and direction for your waters are shown on the Home.
Series by Faster, with value and cover
Faster 745 / 785 Cabin is a motorboat from Faster (Finland), built since 2010,
and today changes hands at between €85,000 and €150,000.
Faster 555 SC is a motorboat from Faster (Finland), built since 2008,
and today changes hands at between €35,000 and €60,000.
Faster 495 / 625 is a motorboat from Faster (Finland), built since 2005,
and today changes hands at between €20,000 and €80,000.
As the Faster 745 / 785 Cabin, Faster 555 SC and Faster 495 / 625 by Faster series are still in
production, parts are available and repair costs are predictable.
Even so, value it at replacement cost including retrofitted electronics, not at list price.
For the Faster 745 / 785 Cabin, Faster 555 SC, Faster 495 / 625 by Faster series:
On a motorboat the drive is the single most valuable part.
Damage after grounding is covered, an engine failure from wear is not.
Faster insured in five minutes.
Boat type, year built, length and value of your Faster are all we need.
Work out the premium online or call us: +49 3375 29 12 77.
