Why Insurance Policy Wording Changes

[Hurricane]

I have had my renewal and it seems there are a few minor changes.
I don't think the changes are too significant but I'm not an expert in this kind of thing.

It seems to me that the big change is the gradual deterioration of fuel tanks is excluded.
There is a small change to single handling (6 hours rest after 18 hours single handling doesn't seem unreasonable)

Lots of us now use Why so, maybe someone on here will have a look and see if there is anything significant that I've missed.

I've uploaded both this and last year's policy wording onto a server if anyone is interested.
The files are in PDF format - here are the links:-
Last year's
http://www.maidencombe.com/why/Y_Policy_Booklet_(1A)_03.16.pdf
and this year's
http://www.maidencombe.com/why/Y_Policy_Booklet_(1A)_07.17.pdf

If you download them and add them into this website, you can very easily see the differences.
https://draftable.com/compare
Doing it this way is really easy to see the differences.

It would be good to hear what people think.

 

[Momac]

Has gradual deterioration ever been included?

 

[Portofino]

2.3 C
UNDER 17 knots if that’s not a typo means folks with new ish boats say JFM - are excluded that cover .

Medical expenses of only £1000 is woefully short .Needs ar least a decimal point shift to the R .
Picture the scene .
You invite guest ( could be locals , mates , family , one off s etc etc ) - sombody requires medical attention because of an accident , slips on a wet slippery surface and breaks arm or worse leg or simple burn in the galley of hand .
Victim has it happens has no additional med insurance cover , they need ambulancing off - end up at a not very E111 friendly medical establishment .
A few days later or same day ( depending on what’s been done / extent of treatment) presented with a €5000 bill .
Victim for want of a better word “ blames “ you the owner - cos they are skint , and possibly the accident was sort of avoidable in there view ? - boat rolled while you were helming and they fell down the FB steps .
They allready realise it’s gonna be a few weeks off work , and lost earnings when they return to U.K. .and are prepared to stand that , ——— but the Med bill !! On top !!

Or you could vet every guest before stepped my on board that they are sufficiently covered - some how i don,t t think so .Aint gonna happen is it .

Personal possessions is low too .
Imho there are better policies out there for the same £
Try Sunseeker s
Coleman brokers they do a “ Martello “ policy for none SS owners - far better cover I think it’s underwritten by Zurich ( not sure ) all the benefits £££ pay outs are greater .
And yes they have the seacock fizzing cover —- which if I understand is why Y has become popular on here .

 

[mlines]

is there a certificate/schedule that over-rides elements of the generic policy?

Mine, for example, over-rides the speed clause with a 40knot proviso (I informed them of the boats design speed). There is a list of clauses on my schedule that changes elements of the policy document.

 

[Hurricane]

is there a certificate/schedule that over-rides elements of the generic policy?

Mine, for example, over-rides the speed clause with a 40knot proviso (I informed them of the boats design speed). There is a list of clauses on my schedule that changes elements of the policy document.

Yep - sorry
This is mine

Special Conditions
Y Yacht Insurance Policy (1A) Section A clause 2.3(c), page 7, removed.
Section A clause 4.10, page 8, wording is deleted and replaced to read “4.10 wear and tear, or weathering”

 

[Momac]

2.3 C
UNDER 17 knots if that’s not a typo means folks with new ish boats say JFM - are excluded that cover .

Medical expenses of only £1000 is woefully short .Needs ar least a decimal point shift to the R .
Picture the scene .
You invite guest ( could be locals , mates , family , one off s etc etc ) - sombody requires medical attention because of an accident , slips on a wet slippery surface and breaks arm or worse leg or simple burn in the galley of hand .
Victim has it happens has no additional med insurance cover , they need ambulancing off - end up at a not very E111 friendly medical establishment .
A few days later or same day ( depending on what’s been done / extent of treatment) presented with a €5000 bill .
Victim for want of a better word “ blames “ you the owner - cos they are skint , and possibly the accident was sort of avoidable in there view ? - boat rolled while you were helming and they fell down the FB steps .
They allready realise it’s gonna be a few weeks off work , and lost earnings when they return to U.K. .and are prepared to stand that , ——— but the Med bill !! On top !!

Or you could vet every guest before stepped my on board that they are sufficiently covered - some how i don,t t think so .Aint gonna happen is it .

Personal possessions is low too .
Imho there are better policies out there for the same £
Try Sunseeker s
Coleman brokers they do a “ Martello “ policy for none SS owners - far better cover I think it’s underwritten by Zurich ( not sure ) all the benefits £££ pay outs are greater .
And yes they have the seacock fizzing cover —- which if I understand is why Y has become popular on here .

If someone was injured and claimed against you that would be covered under the third part liability cover.
Personal possessions cover is meant to be for items not covered by your household policy . I agree its possibly too light but that doesn't concern me particularly.
Y do say they would pay out if the boat sinks due to a failed sea cock caused by corrosion. But they would not pay to replace a corroded sea cock.

 

[Portofino]

If someone was injured and claimed against you that would be covered under the third part liability cover.
Personal possessions cover is meant to be for items not covered by your household policy .

Let’s take one of your children’s friends - say @ uni ,who just happens to be on the boat and , slips down the FB steps .
Winds up with a €5-€8 K medical bill for a fractured femur , add another €10 k on if helicoptered off a remote anchorage .
In an establishment that does not ( it should but we are talking Sp,s rip off tourist industry) bother with the E111,s malarkey.
Bozo friend has no Med insurance as trip was short notice and the student loans allready out of control .

Or the owner or his spouse themselves are the patient with the fractured femur .Then one assumes they have EU or world wide Medical cover - but thats not what I,am highlighting. They may not have it or it’s expired in a Sod’s law way ?

I,am highlighting a deficiency in the €1000 Med bill payout for those with zilch cover .

I mean could be a dippy relative , say your Bro or sis , —— imagine the Christmas dinner atmosphere when one of these close relatives is still fuming over the row who’s picked up the Spanish Medical bill - cos it turns out they thought they were covered more than the grands worth !
Or you stump up the difference or something.Ins Co toss in a grand only .

Not a good situation imho

I don't think 3 PL is for the boat users Medical bills .
It’s for say if you run down a canoe resulting in person(s) - 3P to you , either themselves claim if injured or there estate if death .

 

[Portofino]

Was weather bound Mistral on a jetty on the island of Port Cros ( google it ) .Population 40 .
We were in the SS .
Opersite was a Azimut 40 something FB with a Fr bloke on all alone .
Over the 3 or so days while the mistral F8 calmed down ,got to know the en speaking bloke .
From Mauritius actually and summers on his boat in the SoF .

Point
Wife fell down the FB steps in the increasing sea as the mistral developed.
Hurt her arm - blokes battling the waves on the upstairs helm looking for a safe haven .
When eventually tied up ( help of lad on rib ) wife’s now in severe pain and discomfort,
No chance of water taxi out - blowing a F8
Lady collapsed - air ambulance cas evaced out to mainland ,

Not sure what Medical cover they had .

 

[Momac]

It is third party claim if you are successfully held liable for any injury to a third party even if they are a (non paying) guest on your boat.
But I agree its not a medical insurance policy for you as the boat owner - since you cannot be a third party - you cannot sue yourself.
If a UK citizen abroad you would need a separate policy for medical cover for that. I don't think you can insure unnamed guests as medical insurance is somewhat dependent on the individuals medical history and age.

In the same way your house insurance doesn't provide medical cover . Why should it?