Trek said..
How is a boat in McCarrs Creek or any other marina in Pittwater going to lose its rig or have its marina ripped out in a gale or storm!!?? I've been there 20 years and havent seen anything of the sort. Its case for case. if your boat was anchored off Cape Horn thats right, a transponders not much use. But most of our boats arent.
Read what I said. I said IF you can afford it. That means if the 1,000,000 to 1 happens and you do have to buy a new rig or even loose the boat its not going to be a disaster to you.
Regarding impacting other boats or property also read what I said. Get third party.
The huge majority of marine insurance claims are for theft and water damage. A transponder does cover that IF you can do something about it when you get an alarm. Insurance companies now will only insure your boat if they know nothing will happen to it. That should explain a lot!!
I disagree Trek.
2years ago my boat was hit by another boat in the April storm.
He did not break his mooring but dragged it. His boat hooked up to mine. Club Marine deemed it a no fault claim and each of us gad to claim on our own insurance. This was a $25000 claim for my boat alone. Maybe you could fight it in court but insurance companies have a lot deeper pockets then I do. Even if he is at fault what if he has no insurance you sue him he has no money so you get $10 per week. A transponder will not help this.
As morning bird says Marinas require insurance to berth.
I have been on two different boats where we have broken the stick on a boat the size of yours and mine this would cost between $15000 & $20000 to replace.
My premiums are $1000 pa sowith the claim I have made that covers 25 years of premiums let alone any future claims.
Makes a comprehensive policy sound appealing.
