The insurance for my boat is reasonably priced by my current company, even after Sandy (we are in NC and where not effected by that storm). Their geographical restrictions are ok by me as they emcompass my general sailing area. They require a survey every 5 years I own the boat. I have just completed 5 years and I had the boat surveyed by an accreddited surveyor.
His findings are listed as recommendations at three levels; green - surveyor observations and general recommendations, blue - maintenance issues which are not necessarily manditory, and red - safety defects which may be manditory.
the vessel was found fit for its intended purpose with the following red recommendations:
inspect and replace the propane tanks as necessary; it is highly recommended that a pressure gauge be inserted in the propane system to test for leaks (this is just a recommendation).
have the life raft inspection brought up to date (the life raft is not required for operation, but clearly before I venture out where I might need it I will have it inspected).
the blue and green recommendations mostly consited of meeting ABYC recommendations which include warning labels for the operation of all appliances; such as the stove, the diesel cabin heater, etc.
the value of the boat was found to be nearly equal to my purchase price 5 years ago and the replacement value is 5 times that amount.
I am complying with the red safety recommendations, but after discussion with the surveyor he indicated that ABYC requirements are only recommendations and not manditory and in fact the warning label requirments under ABYC-A26 do not really apply to the appliances I have.
I then recieve a letter from my insurance company thanking me for the survey and then stating that "Within the survey, there are “recommendations” set forth to bring your boat into good repair. Even though the survey identifies these as “recommendations,” they are requirements of your insurance policy."
I am furious at their audacity to take my money and ignore their responsibililty to insure my boat based on missing warning labels that don't even apply!
How would you respond to the insurance company based on these statements?