I want some advice on boat insurance. I am an expat and have bought a 7-metre fishing boat. I now need insurance so that I can register it. The value of the boat is going to be somewhere between Dh50,000 to Dh80,000. Can you suggest how to find a reputable agent in Abu Dhabi? I am going to buy a vehicle soon and I will want to go with the same insurance company for the car as I have for the boat. CC, Abu Dhabi
There are a number of insurance companies that offer marine insurance, although some focus on the corporate market rather than pleasure boats. There is an option to go direct to an insurance company such as Axa Gulf or RSA, but I would suggest speaking to a general insurance broker who is experienced in marine insurance as they will have access to a wide range of plans and will advise which policies are best according to specific requirements.
Wanting one insurance company to provide both motor and marine insurance may not be the best plan as a company that offers the best policy for a boat may not offer the best for the car.
It does not cost extra to use a broker to arrange these types of policies and you benefit from professional advice as well as having a point of contact if there are any problems.
All insurance companies and brokers must be regulated by the relevant professional government authority and for the types of policy in question, the main regulator is the UAE Insurance Authority. All companies and brokers should be listed on the website ia.gov.ae and companies can provide sight of a certificate of authority and reference number. It is always smart to check that any company you deal with is properly registered and is regulated by a suitable professional body, where relevant. I cannot recommend specific policies, but CC could also contact any of the sailing or marine clubs as they may be able to assist with personal knowledge and experience on which insurers are best.
Keren Bobker is an independent financial adviser and senior partner with Holborn Assets in Dubai, with over 20 years’ experience. Contact her at keren@holbornassets.com. Follow her on Twitter at @FinancialUAE.
The advice provided in our columns does not constitute legal advice and is provided for information only.
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COMPANY%20PROFILE
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The specs
Engine: 2-litre or 3-litre 4Motion all-wheel-drive Power: 250Nm (2-litre); 340 (3-litre) Torque: 450Nm Transmission: 8-speed automatic Starting price: From Dh212,000 On sale: Now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
COMPANY PROFILE
Name: Mamo Year it started: 2019 Founders: Imad Gharazeddine, Asim Janjua Based: Dubai, UAE Number of employees: 28 Sector: Financial services Investment: $9.5m Funding stage: Pre-Series A Investors: Global Ventures, GFC, 4DX Ventures, AlRajhi Partners, Olive Tree Capital, and prominent Silicon Valley investors. Company%20profile
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COMPANY%20PROFILE
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The biog
Profession: Senior sports presenter and producer
Marital status: Single
Favourite book: Al Nabi by Jibran Khalil Jibran
Favourite food: Italian and Lebanese food
Favourite football player: Cristiano Ronaldo
Languages: Arabic, French, English, Portuguese and some Spanish
Website: www.liliane-tannoury.com
The Way It Was: My Life with Frank Sinatra by Eliot Weisman and Jennifer Valoppi
Hachette Books
KINGDOM%20OF%20THE%20PLANET%20OF%20THE%20APES
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Company%20Profile
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Israel Palestine on Swedish TV 1958-1989
Director: Goran Hugo Olsson
Rating: 5/5
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The low down
Producers: Uniglobe Entertainment & Vision Films
Director: Namrata Singh Gujral
Cast: Rajkummar Rao, Nargis Fakhri, Bo Derek, Candy Clark
Rating: 2/5
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
COMPANY%20PROFILE
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Company%20Profile
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The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
COMPANY%20PROFILE%20
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The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
Tips for SMEs to cope
- Adapt your business model. Make changes that are future-proof to the new normal
- Make sure you have an online presence
- Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
- Open communication with customers to see how they are coping and be flexible about extending terms, etc
Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
Kandahar%20
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