Originally Posted by Capt Gary
Can an insurance company require you to meet current ABYC standards on a 1987 boat?
Essentially, like it or not, your insurance company is insuring the "risk" and can demand what ever they wish so that they feel comfortable insuring your vessel/risk.
These days they are very, very often siding with what ever the surveyor
says. I am often the guy who gets called in to address many of the deficiencies.
Most new boats are built to the ABYC standards but above all they are "safety standards". Why would an insurance company want to underwrite less safe boats than another..?
You can try to argue with them and then run a risk of getting the; "We're not renewing your policy."
letter like one of my customers got. In the end he wound up paying significantly more per year for insurance than what he had been paying. All this over a $120.00 repair that he gave them some guff over citing such things as ABYC standards.. They did not care.... His increase in new premium, for less "agreed value" was over $400.00 more per year ..IIRC
The items you listed are very typical items they are demanding be brought up to industry accepted "safe" levels...
We have a 1979 36 footer and have two smoke detector/CO Detectors, high water
alarms in multiple locations, propane
system with integral cut off, battery
bank fusing, etc. etc..... Safety is not determined by the age of the vessel only by how safely it is set up.
The high water alarms
I use are about $10.00 at Home Depot and are very, very, very loud.
One in the engine
bay, one in the bilge
, one under the v-berth and one in the head
. I've been using them for about 15 years and never had one fail...