Originally Posted by Fore and Aft
Colin Quinn is the guy I recommend on the east coast
I am not sure what all the drama is about with your post?
As for an agreement between the insurance company's and the government to improve the economy I suggest you start wearing a sun hat or just stay indoors. The rigging is a major component of a yacht and surely the insurance company's have a right to know its condition before they insure you?
The issue here is that without the insurance company requiring any certification for this inspection/report the onus is obviously squarely on the owner/operator to ensure that the rig is in good condition. so what is the point.
If there were to be a claim for damages or potential loss of the boat due to rig failure then you would be guaranteed that the insurance company would look long and hard before paying the claim. This is the problem!!!
The crack about the conspiracy was just that.
Most cruisers that purchase
comprehensive coverage for their boats also have the wherewithal and the inclination to maintain their boats in good condition. If the insurance company wants to lower their risks thereby lowering my premium I am all for it however they should also provide a list of certification requirements or vendors who are approved for this purpose thereby ensuring that there will be no issues in the event of a claim.
Last year when we purchased our policy from Pantaenius they initially asked for a rig report. Upon receipt of our most recent survey
which included documentation
of all chainplate bolts and re bedding, replacement of all toggles and pins, replacement of triassic and backstays
as well as general comments on the rest of the rig, they waved this requirement. Now, 1 year later they want a report. Will this mean another rig report every year????
One good thing I hear about Pantaenius is that they don't quibble about hull
value in the event you lose the boat. They pay the agreed value at the time of purchase
of the policy. This is a good thing however it is still the owners responsibility to ensure that the boat is in seaworthy
condition and failing that they won't pay.