Ferretti yard fire today
- Thread starter PalmaTarga
- Start date
Portofino
Well-Known Member
Another above inflation Insurance premium rise coming your way soon . 
Seastoke
Well-Known Member
Hope it wasnt Deleted User new boat mike f boat
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Slowboat35
Well-Known Member
Eh! Thatta wassa notta supposeda to be tilla next weeka!
Ian h
Well-Known Member
Well its not David Beckhams as his has been delivered
steveinnice
N/A
Sounds like a (insert any race you think are stingy/ cunning) stocktake .... Insure and burn!!!!! 
wawando
Well-Known Member
About fires, if a yacht with a 1.000.000 coverage for 3rd party burns and sets fire to yachts around worth 20.000.000 who pays the 19.000.000 gap?
In car insurance the mandatory 3rd party coverage is 7.290.000 and above that each pays his damages.
How does it work for boat insurance?
In car insurance the mandatory 3rd party coverage is 7.290.000 and above that each pays his damages.
How does it work for boat insurance?
steveinnice
N/A
Hypothetical ,sort of, 5 yachts in a yard "a" "b" "c" "d" and "e" . yacht "a" catches fire (genuine claim ) and sets fire to yacht "b" That would be third party claim. but yacht "c" catches fire . whose fault is it ? Yacht "a"" who started the fire or yacht "b" that caused the fire to spread to yacht "c". T he carnage continues and yacht d" and "e" burn out in succession.( that's how fires work one starts the next and so on. ) In motor claims I THINK consequential damage is not covered. eg I tailram you and you tailram the car in front I would be liable for your damage but not the car you hit. Any insurance people on here that can set me straight?
PowerYachtBlog
Well-Known Member
I think in this case it is irrelevant because the yacht was not fully completed, and is still in the care of the yard (builder) up to end construction and delivery.
Ferretti will be gutted for this considering the current momentum of sales. A host of problems; owner pissed for not having his 920 for Summer 22, opens legal proceedings.
When are they going to deliver it since production of most 24 meters plus is sold out till end 23. So to piss less the owner you need to offer a replacement.
They could find a spot for 23 possibly,
This in the current momentum brings a whole list of problems to Ferretti, without forgetting that even the nearby yachts will be delayed cause of some damage of some sort.
