Just another Moderator
Join Date: Sep 2005
Location: New Westminster, BC
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Re: Insurance Coverage
From what I've understood over the years it definitely depends on the carrier and even the adjuster.
We had a friend who's W32 sank one winter. We winter afloat here, but many of us put some heat on, and even in a cold snap usually the water temp is well above freezing, meaning the inner bowels of the boat are normally relatively warm.
One year we had a particularly long cold snap, -10-12C for a week or so, to the point that the water began to freeze. At the same time a wind storm took the power out for a day or two, and our friend's boat was visible in its slip only by the top ten feet of the mast.
Insurance brought in a crane and refloated the boat, pumped it out, but upon inspection it was discovered that his glass RW strainer had frozen/burst and when things thawed out down she went. Further coverage was denied since the through hull had been left open. Things froze and burst when the power went out for so long.
The owner was not billed for the recovery, but was on his own for any subsequent repairs. It took a while but he did bring the boat back to usable form, and, as far as I know still owns and sails her.
To me one of the major problems with insurance is this... we look for the 'best deal' premium-wise and most of us have no intention or at least hope we'll never have to submit a claim. And indeed most never do. However you'll never 'know' how good your coverage is until you're forced to make that claim. Best you can do, I suppose, is go by anecdotal information and others' experiences.
1984 Fast/Nicholson 345 "FastForward"
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)