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Protect your marine investment and you could avoid a claim

Protect your marine investment and you could avoid a claim

Coleman Marine Insurance’s Yacht and Commercial Craft Executive, Tony Pauffley is looking at ways that marine boat owners protect their vessels whilst not in the same location and in doing so may avoid the need to make an insurance claim.

Tony advised, “Many of today’s boaters live at different locations to where their precious boats might be moored. Particularly in today’s challenging times, with the onset of the pandemic Coronavirus, boats might be left unoccupied for much longer than usual periods.”

Tony outlines a brief check list of some of the things you can do to protect your marine investment and avoid damage, commenting that almost half of all claims[i] happen in a boat’s home mooring and that many could easily be avoided with forward thinking and planning.

* Try and find someone local to the boat that could keep an eye on her; having the right person on hand to check her out will give you peace of mind and early actions can be taken to prevent more extensive damage occurring.

* Invest in a good set of fenders and mooring warps and check these regularly for signs of wear.

* If the boat next door to yours looks like it could damage your vessel due to poor mooring equipment and it's looking neglected, get on to the dock master or the owner to take corrective steps.

* Draw yourself up a check list for when leaving the boat, some ideas below include:

* Is she correctly berthed with room to move in storm conditions and is the passerelle stowed safely?

* Inspect the mooring warps for damage and replace as required. For a stern-to mooring you’ll need an extra fender or 2.

* Is the immersion heater isolated and turned off and are the batteries turned off. Bilge pumps should be wired directly and tested for auto operation. A solar panel via a regulator is a great way to keep batteries topped up.

* Are all exterior items stowed away securely and all port lights and windows properly closed?

* Are all sails stowed and reefing headsails secured or removed and cushions and covers secured or put away safely?

* The gas system needs to be completely turned off.

Concluding, Tony said, “At Coleman Marine Insurance, part of global insurance brokers Gallagher, our team is always on hand and accessible throughout the year to support our clients and offer any general advice that might be required.’



[i] Coleman Marine 2019 claims data

The opinions and views expressed in the above articles are those of the authors/contributors only. This does not necessarily reflect the opinion of Gallagher nor is it intended to constitute any form of specific guidance nor legal or financial advice, and recipients should not infer such from it or its content. Recipients should not rely exclusively on the information contained in the bulletin and should make decisions based on a full consideration of all available information. We make no warranties, express or implied, as to the accuracy, reliability or correctness of the information provided. Our advice to our clients is provided subject to specific terms and conditions, the terms of which take precedence over any representations in this document.  We and our officers, employees or agents shall not be responsible for any loss whatsoever arising from the recipient’s reliance upon any information we provide herein and exclude liability for the content to fullest extent permitted by law.

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