There is a huge cost involved with owning a narrowboat, from insurance and maintenance costs to licence and mooring fees. It can be daunting to start with when you first buy your narrowboat, but there are a few ways that you can lower these running costs by following our top tips.
Can you think of someone that you know who has the same passion for narrowboats as you? You can consider sharing a boat with a loved one or a friend which is a great way to split the running costs between you. If you’re not a continuous cruiser, you can share the time spent on the boat to ensure you both still get the enjoyment out on the inland waterways.
Do you spend a lot of time away from your boat? Have you ever thought of subletting your mooring or even renting your narrowboat out? It is important to discuss your thoughts with your marina as some do not allow this, however it is worth checking if it can lower your costs!
If you do consider renting out your boat, you will have a duty of care to those onboard and will be required to hold a non-private boat safety certificate which is compliant to the boat safety standards.
Narrowboats, like other mechanical machines they do require some TLC but if you are able to understand how to carry out the basic checks, you will save yourself money in the long run. If you require assistance with a maintenance issue, you could be facing a hefty bill due to not only cost of parts but also the labour along with it.
For our top tips on general boat maintenance – check out our blog feature here.
Finding the right insurance can be tough, but it is important to look around first to ensure you get the best possible deal on your insurance policy. If you need advice or would like to learn more about the insurance that we offer, then please feel free to get in touch. Our experienced team at Collidge & Partners are here to help you every step of the way.
Call us on 01303 290872 or drop us an email on email@example.com