Discounts in your insurance
Discover why our stable 40% no-claims discount lets you save more!
Boat owners are often concerned about the bonus for claims-free years. Most of the boat insurance companies cut this acquired discount after the first claim of the customer. Consequently, the policy holder has to pay nearly twice as much as before.
To help boat owners, Gothaer Insurance developed a new concept in terms of accidents and no-claims discount.
Claims-free years:
• No-claims discount of 10% up to 40% for each year without an accident.
• 40% discount from the beginning for new vessels.
The table below shows a sample calculation of your savings with Gothaer:
| Bonus Example |
Bonus for no claims |
Policy Amount |
| Year |
Gothaer |
Other |
Gothaer |
Other |
| 1.Year |
40% |
0% |
600€ |
1000€ |
| 2.Year |
40% |
10% |
600€ |
900€ |
| 3.Year |
40% |
20% |
600€ |
800€ |
| 4.Year |
40% |
30% |
600€ |
700€ |
| Total Policy |
|
|
2400€ |
3400€ |
| Total savings |
|
|
1000€
30% |
0€
0% |
With the stable 40% no-claims discount from Gothaer, you can save 30% more than with other insurance company.
In case of damage:
• If damage value is less than 5% of insured value, your no-claims discount will not be reduced.
After 2 claims-free years, Mr.Smith had a small damage less of 5% of the insured value on his 2 years old boat. Here you can see the money that he lost with his insurance company
| Bonus Example |
Bonus for no claims |
Policy Amount |
| Year/Claim |
Gothaer |
Other |
Gothaer |
Other |
| 1.Year-no claim |
40% |
0% |
600€ |
1000€ |
| 2.Year-no claim |
40% |
10% |
600€ |
900€ |
| 3.Year-claim 5%of the insured value |
40% |
0% |
600€ |
1000€ |
| 4.Year-no claim |
40% |
10% |
600€ |
900€ |
| Total Policy |
|
|
2400€ |
4800€ |
| Total Savings |
|
|
2400€
50% |
0€
0% |
Even in case of a small damage Gothaer lets you go on with your 40% discount, which makes a difference of 50% more savings compared to another insurance.
The no-claims discount from Gothaer is a reasonable solution in each case!