Originally Posted by SchockT
Yeah, that is my thought too! Particularly when it comes to coastal cruisers. You would think that if lots of rigs came down, and those failures could all be attributed to standing rigging of a certain age, then insurance companies would be all over it! As it is, I have never been asked how old my standing rigging is. The underwriters seem content with a general survey every few years.
The policies of the insurance company are based solely on income vs losses.
Many coastal cruisers sit at the dock for 345 days out of the year and go out only on perfect gentle 10 knot days the rest of the time or are motoring.
If a stay fails on a boat at the dock the mast will often say up since their is little stress on it.
It makes more sense for the insurance company to ignore the potential problem since it is only a problem if the boat is used.
It may be more of an issue for some sailnet members than for the insurance company due to usage.