Low priced LiFePO4 Batteries vs High priced

[goboatingnow]

Originally Posted by Simi 60

Misleading them how?
Batteries die and batteries get replaced
They were LA, then Gell, then AGM - do you tell them at every change?

I changed some shackles last week
And replaced a bulb.
Several months ago a replaced the anchor chain
And a water pump
Should I tell them about the "modification"?

Add: oh ****, I have Starlink now, I'd better spam them some more

Why not email your insurance and ask them if installing lithium requires you to notify them.

Come back when you actually have facts rather then your uniformed opinion

[newhaul]

Originally Posted by goboatingnow

Why not email your insurance and ask them if installing lithium requires you to notify them.

Come back when you actually have facts rather then your uniformed opinion

Well my last 3 boats the survey said lfp insurance didn't say anything . must be your personality

[goboatingnow]

Originally Posted by newhaul

Well my last 3 boats the survey said lfp insurance didn't say anything . must be your personality

Given several major insurers have Indicated issues with lithium. Some have completely refused to cover diy etc

It has been flagged as an issue again and again.


For example Pantenious, a big insurer has a 50% claim payout if the damage is electrical fire related

I think currently it would be extremely bad advice to install Lithium without correspondence with ones insurers

By the way insurers may get surveyors reports but that means little as the insurance terms override the surveyors report.

[Simi 60]

Originally Posted by goboatingnow

Why not email your insurance and ask them if installing lithium requires you to notify them.

Oh I'm sure if they required it they would tell me.

After all it is them who write the policy and product disclosure statement , have the big legal team to cover everything and tell me what we can and can't do in 1000 different ways.
And, as newhaul says, they make us get surveys and ain't had a problem.

Maybe it's just you

Come back when you actually have facts rather then your uniformed opinion

But I do have facts
I have a legally binding policy acquired after following their rules to the letter, dotting all the I's and crossing all the t's
You on the other hand are making stuff up as you go.

[Simi 60]

Originally Posted by goboatingnow

By the way insurers may get surveyors reports but that means little as the insurance terms override the surveyors report.

Yes
And those terms are called the Product Disclosure Statement.
Their rules, that we abide by for coverage.

Thanks for agreeing with me.

[goboatingnow]

Originally Posted by Simi 60

Yes

And those terms are called the Product Disclosure Statement.

Their rules, that we abide by for coverage.



Thanks for agreeing with me.

My insurers have no specific mention of lithium

They have the typical clause

“• When taking out this insurance you must take care when answering any questions we ask, by ensuring that all information provided is accurate. If we establish that you deliberately, recklessly or carelessly provided false or misleading information, it could adversely affect this insurance and any claims.
• You must tell us if you modify your sailing boat, or there is a change in the information you gave us before the policy started.
“

Hence since the boat was built to the RCD including its electrical system. It’s disingenuous to suggest a full lithium install is simply a like for like battery replacement. It clearly is not.

Hence the need for disclosure

The survey is not taken as an admission of specific. equipment. It’s merely a statement of “ condition “ my insurers ( Pantenious) do not require surveys anyway under normal circumstances. Merely cause insurers accept a surveyors report dues not exempt you from the modification clause.

From correspondence with my insurers they most certainly see Lithium install as a “ modification “ to the boats original electrical system.

[newhaul]

Originally Posted by goboatingnow

Given several major insurers have Indicated issues with lithium. Some have completely refused to cover diy etc

It has been flagged as an issue again and again.


For example Pantenious, a big insurer has a 50% claim payout if the damage is electrical fire related

I think currently it would be extremely bad advice to install Lithium without correspondence with ones insurers

By the way insurers may get surveyors reports but that means little as the insurance terms override the surveyors report.

It has nothing to do with lfp . They as you say only pay 50% on any damage that is related to electrical fire related.
Sounds like you should drop the insurer that is going out of the boat business and go to one that is in the business of boats . Loyds comes to mind.

[goboatingnow]

Originally Posted by newhaul

It has nothing to do with lfp . They as you say only pay 50% on any damage that is related to electrical fire related.

Sounds like you should drop the insurer that is going out of the boat business and go to one that is in the business of boats . Loyds comes to mind.

Lloyds are not retail insurers and can’t retail into Europe. I’m with Pantenious one of the biggest

No they clarified only 50% if there lithium fitted and there’s an electrical fire.

I do believe once they accept my qualifications and verify the install design they will drop that deduction it looks that way from the ongoing correspondence.

[newhaul]

Originally Posted by goboatingnow

Lloyds are not retail insurers and can’t retail into Europe. I’m with Pantenious one of the biggest

No they clarified only 50% if there lithium fitted and there’s an electrical fire.

I do believe once they accept my qualifications and verify the install design they will drop that deduction it looks that way from the ongoing correspondence.

Except Pantaenius Holding is not one of the biggest they are dying a slow death .
They have been denied authority to underwrite in America. Almost impossible to find a positive review.

Nothing but problems when it comes time to pay a claim . If I were you I would be looking for a new underwriter.

[goboatingnow]

Originally Posted by newhaul

Except Pantaenius Holding is not one of the biggest they are dying a slow death .

They have been denied authority to underwrite in America. Almost impossible to find a positive review.



Nothing but problems when it comes time to pay a claim . If I were you I would be looking for a new underwriter.

No they pulled out of the US , voluntarily. Too few customers too litigious too many Gov regulations.

Excellent insurer. Good value paid my lightening claim in full in cash promptly. I have only good things to say. Asking around me here they have easily the bulk of the market.

They replied promptly and are easy to deal with. After my lightening claim my premium this year is the same !!

Since Brexit most U.K. insurers have no European financial pass-porting rights and that includes retail Lloyds resellers.

So sorry mate I’m very happy. I know my neighbour had to remove his lithium because his insurers refused cover.

Pantenious group is in business since 1899 and yacht insurance since the 70s. They have offices all over Europe, U.K. and Australia. I see no fear of then dying with over a 100,000 yachts under cover.

[Anders]

Originally Posted by newhaul

Except Pantaenius Holding is not one of the biggest they are dying a slow death .

Pantaenius is definitely the biggest boat insurance company in Europe.

[newhaul]

Originally Posted by Anders

Pantaenius is definitely the biggest boat insurance company in Europe.

In the EU ok . They are still dying a slow death

[goboatingnow]

Originally Posted by newhaul

In the EU ok . They are still dying a slow death

On what basis do you make that claim

[newhaul]

Originally Posted by goboatingnow

On what basis do you make that claim

MHLD and my portfolio
I should be more specific their recreational marine dept.

[Anders]

Originally Posted by newhaul

In the EU ok . They are still dying a slow death

I've not looked at any numbers and I'm not going to but I expect that the majority of their business is in Europe!