Nasty new clause from Pantaenius Insurance

[GILow]

Hi all,

Not sure if this hit anyone else, but this new clause has appeared on my insurance from Pantaenius this year:

“Anchor Warranty - Any damage resulting from the boat breaking free and dragging whilst UNATTENDED at anchor is NOT covered under this policy. This clause supersedes existing clauses in the PDS.”

This is a serious change to the policy from a cruising boat perspective. Something many of you may be affected by.

Matt

[Pete7]

Interesting, I renewed mine in October and didn't see anything like this. Need to read again just to make sure.

What happens if you anchor and go ashore for the day? I kind of see if you leave the boat at anchor for weeks on end, but short periods?

Have you spoken to them, perhaps they may remove the clause.

Pete

[chrisr]

this does seem pretty harsh. recall the previous clause was no cover if unattended overnight or unattended for more than 24hrs...cannot recall which

and of course there is no cover if unattended at anchor in certain locations (such as airlie beach)

just another turn of the screw...

not much alternative to Pantaenius these days, but what does topsail say ?

cheers,

[UFO]

Originally Posted by chrisr

this does seem pretty harsh. recall the previous clause was no cover if unattended overnight or unattended for more than 24hrs...cannot recall which

and of course there is no cover if unattended at anchor in certain locations (such as airlie beach)

just another turn of the screw...

not much alternative to Pantaenius these days, but what does topsail say ?

cheers,

If Australia only then Club Marine does not have that clause, although they are not the cheapest around.

[sailorboy1]

It is just to lead up to the next clause "Coverage ends if something happens to the boat"

[Anders]

§5. Severe  Weather Exclusion
This Insurance does not cover:
1. loss or damage caused by sustained winds of gale force (63 km/h) or more, and wind gusts of 90 km/h or more
occurring during a voyage in circumstances where the Vessel has departed its mooring, berth or anchorage when
a Severe Weather Warning has been issued for the area of the subject voyage or part thereof.
2. loss or damage caused when the vessel is unattended at anchor:
2.1. when a Severe Weather Warning has been issued for the anchorage area; and
2.2. when the Vessel drags or breaks free from its anchor by reason of such storm or severe weather.

[flee27]

Feels like insurance is beginning to be something you have just so you can check the box for marinas and boat yards. Not something that actually provides the insured any financial protections/assurances.

Foster

[Nicholson58]

“The cheapest insurance is a good anchor”. It’s been said many times.

[Anders]

Can't say I blame them for not wanting to payout when a boat has been left unattended when a severe weather warning has been issued...

[rslifkin]

Originally Posted by flee27

Feels like insurance is beginning to be something you have just so you can check the box for marinas and boat yards. Not something that actually provides the insured any financial protections/assurances.

Foster

In that sense, marinas only care about the liability part of it, not the hull coverage.

[sailorboy1]

Originally Posted by Anders

Can't say I blame them for not wanting to payout when a boat has been left unattended when a severe weather warning has been issued...

yes they should expect people to stay on that boat during that

[leecea]

Originally Posted by sailorboy1

yes they should expect people to stay on that boat during that

People will feel pressured to do that. Without insurance, you're open to liability, salvage, and cleanup charges that could far exceed your boat's value.

[Anders]

Originally Posted by sailorboy1

yes they should expect people to stay on that boat during that

Or take their boat somewhere safe.

[Weatherbird]

Well, if you do stay on your boat at anchor during a severe weather event make sure you tell your next of kin this is why you're doing it.

[Anders]

Originally Posted by leecea

People will feel pressured to do that. Without insurance, you're open to liability, salvage, and cleanup charges that could far exceed your boat's value.

It says loss or damage. Any liability or cleanup charges should still be covered.