Insurance Terms - Another Mechnical Breakdown query

[Lucky Duck]

The exclusion contained in some of the HKJ's policies for consequential loss from mechanical breakdown has been well discussed on these fora. My Insurance is due for renewal this month and while obtaining quotes I was sent a policy document (not HKJ) containing this clause;

3.4 any loss, damage, liability or expense directly or indirectly arising from:
3.4.1 lack of reasonable maintenance
3.4.2 wear and tear;
3.4.3 gradual deterioration, weathering or damp;
3.4.4 corrosion or electrolysis;
3.4.5 damage caused by insects or marine life;
3.4.6 mechanical breakdown;
3.4.7 accumulation of rainwater or snow in or on the Vessel unless resulting
from rare and extreme weather conditions.
However if any of the following causes of loss results from one of the excluded
causes under section 3.4 above the Insurer will pay for the resulting direct loss or
damage; FIRE, SINKING, SUBMERSION, RIGGING FAILURE, COLLISION OR
STRANDING.

The exclusion in the final paragraph seems to cover the obvious concerns - i.e. engine breaks down in the marina and you hit a neighbouring boat or run aground, or perhaps I have overlooked something?

 

[sailorman]

The exclusion contained in some of the HKJ's policies for consequential loss from mechanical breakdown has been well discussed on these fora. My Insurance is due for renewal this month and while obtaining quotes I was sent a policy document (not HKJ) containing this clause;



The exclusion in the final paragraph seems to cover the obvious concerns - i.e. engine breaks down in the marina and you hit a neighbouring boat or run aground, or perhaps I have overlooked something?

That is one of the reasons many here ( Thanks to PoH heads up) changed to http://www.yyachtinsurance.com/OurUnderwriters.cfm

 

[Lucky Duck]

That is one of the reasons many here ( Thanks to PoH heads up) changed to http://www.yyachtinsurance.com/OurUnderwriters.cfm

Its from the policy document they sent me.

 

[sailorman]

Its from the policy document they sent me.

Oooooo
Best re-read mine


[Y Yacht Insurance PolIcY (For oYster Yachts) WorDInG (cont)

10
3.2
any reduction in the value of the Vessel whether due to damage and
repair or otherwise;
3.3
any claims caused by any act or omission of the person in charge of the Vessel
if they were impaired following the consumption of alcohol or drugs;
3.4
any loss, damage, liability or expense directly or indirectly arising from:
3.4.1
lack of reasonable maintenance;
3.4.2
wear and tear;
3.4.3
gradual deterioration, weathering or damp;
3.4.4
corrosion or electrolysis;
3.4.5
damage caused by insects or marine life;
3.4.6
mechanical breakdown. However, unless covered by manufacturer’s
warranties, physical damage to main engines and attached gearboxes
is covered, within the scope of clause 1 other than as a result of misuse,
if they are less than 5 years old, professionally installed and maintained
and modified to manufacturer’s recommendations.
3.4.7
accumulation of rainwater or snow in or on the Vessel unless
resulting from rare and extreme weather conditions.
However if any of the following causes of loss results from one of the excluded
causes under section 3.4 above the insurer will pay for the resulting direct
loss or damage; FIRE, SINKING, SUBMERSION, RIGGING FAILURE, COLLISION
OR STRANDING.

3.5
the cost of making good any defect resulting from any repair, alteration or
maintenance work carried out on the Vessel whether or not resulting from a
claim under this insurance;
3.6
any loss, damage, liability or expense incurred:
3.6.1
to remedy a fault or error in design or construction; or
3.6.2
by reason of efforts to improve or alter the design or construction.
3.7
the cost of altering or replacing parts of the Vessel that are undamaged in
order to match parts that have been repaired or replaced;
3.8
theft of any insured gear and equipment or Personal Belongings:
3.8.1
from inside the Vessel or a locked vehicle unless following violent
forcible entry into the Vessel, place of storage or locked vehicle;

Y Yacht Insurance PolIcY (For oYster Yachts) WorDInG (cont)

3.8.2
from the exterior of the Vessel unless securely fixed to the Vessel and
violence and force was required to remove the insured gear and
equipment or Personal Belongings;
3.8.3
theft of the outboard motor unless secured to the Vessel or tender or
Boat by an anti-theft device specifically designed and marketed for
the purpose in addition to its normal method of attachment, ]

 

[oldharry]

Thats how it looks: why not ask them?

 

[Lucky Duck]

Oooooo
Best re-read mine

snip...

Noticed that policy wording was different for Oyster owners but the clause seemed to extend cover to the mechanical installation if less than five years old rather than dealing with consequential loss?

I have also queried the wording of the single handing clause which refers to passage that might be more than 18 hours as I could make most trips last more than that time by promptly putting the boat on the putty at HWS

 

[awol]

I have also queried the wording of the single handing clause which refers to passage that might be more than 18 hours as I could make most trips last more than that time by promptly putting the boat on the putty at HWS

I found the woolly wording of that clause unacceptable for exactly that reason, well not quite - I was thinking more of a lack of wind allied with a lack of motor.