Insuring Finval: cover and premium
motorboats and sports boats · Russia / Estonia
Finval builds motorboats and sports boats in Russia / Estonia. NAMMERT insures a Finval 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
Russia / Estonia
Class
motorboats and sports boats
Typical sizes
5 to 9 m
Premium from
from €49 a year for liability
Worth knowing
Finval; cover, cost and conditions
Finval builds aluminium boats between 5.5 and 8.5 metres, open console boats and cabin versions with a welded hull, designed for the Baltic, large lakes and river mouths. The boats are robust and are frequently used for fishing and for long trips. For aluminium boats the rule is: the hull is practically indestructible, the engine and the electronics make up the value. List the two separately in the sum insured.
With aluminium boats, electrolysis is the risk you do not see until it is too late. An incorrectly wired shore power connection or a spent sacrificial anode eats through hull and drive within one season, and corrosion resulting from neglected anode care is not covered, because it counts as wear. An annual anode check and a galvanic isolator on the shore power supply are not a recommendation but a precondition when the berth is in salt water.
Questions and answers
Frequent questions
Does hull insurance cover corrosion damage to the aluminium hull?
No, not for Finval either: corrosion and electrolysis count as wear.
An annual anode check and a galvanic isolator on the shore power supply are the effective
precaution, especially in salt water.
The cover that fits
motorboat insurance
Tariffs, cover and FAQ for motorboat insurance in detail.
Third-party liability
The foundation for a boat from Finval: damage to third parties, worldwide,
from €49 a year for liability.
Hull cover
Partial or full hull cover for a Finval, at replacement value with an agreed fixed value.
For the whole class of boat
For Finval: 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, Finval 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 Finval.
Current wind force and direction for your waters are shown on the Home.
Series by Finval, with value and cover
Finval 475 / 505 is a motorboat from Finval (RU/EE), built since 2005,
and today changes hands at between €12,000 and €30,000.
Finval 9.0 / 10.0 is a motor yacht from Finval (RU/EE), built since 2012,
and today changes hands at between €140,000 and €280,000.
Also a motorboat, built since 2005, €18,000 to €65,000.
Also a motorboat, built since 2008, €45,000 to €130,000.
Finval 475 / 555 / 625 Fish is a fishing boat from Finval (RU/EE), built since 2010,
and today changes hands at between €15,000 and €52,000.
As the Finval 475 / 505, Finval 9.0 / 10.0,
Finval 555 / 6.5 by Finval and 2 more 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 Finval 475 / 505, Finval 555 / 6.5, Finval 7.4 / 8.5 by Finval series:
On a motorboat the drive is the single most valuable part.
Damage after grounding is covered, an engine failure from wear is not.
For the Finval 9.0 / 10.0 by Finval series:
On motor yachts the drive and the electronics together make up about half the value.
Both belong in the valuation, otherwise the sum insured is too low.
For the Finval 475 / 555 / 625 Fish by Finval series:
On a fishing boat the gear is often worth more than expected: sounder,
trolling motor and rods are covered as equipment if they are listed.
Models by Finval we insure
Each Finval model has its own page with cover, cost and the points that matter for that boat.
Your model not listed?
We insure it all the same.
Finval insured in five minutes.
Boat type, year built, length and value of your Finval are all we need.
Work out the premium online or call us: +49 3375 29 12 77.
