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Subject: [worldcruising] Insurance
dave@XXX.XXX
Date: Mon Sep 10 2001 - 21:42:44 EDT
Several comments come to mind:
- New European (EU) yachts including old ones imported from the USA
must meet a severe construction criteria that is graded by intended
use. Likewise all equipment aboard must meet CE criteria. While the
USA has ABYC "standards" they are not a requirement.
- Several European countries such as Germany and Britain have very
stringent classifications for yachtsmen (in the US this would be
yachtpeople). The insurer can readily guage the qualifications of a
RYA Yachtsmaster with some degree of assurance. Regretably the USA
prevents any but citizens from being qualified as "Captain".
- It should come as no surprise that the litigious nature of the US
and the fact that the US allows or even coddles contingent fee
litigation will drive good insurers away. How many solid legal
systems in the world support contingent fees. I can only think of
one. The USA.
- The US is not one country with respect to legal practise but has a
different court and jurisprudence in each state. Any US based
contract has "governing" language so litigation may be in any state
with counsel required from that state.
I would recommend you also inquire with Don Street. Don has been a
Lloyds Broker for 40 years and has put more Caribbean and transAt
miles under the keel than virtually anyone else. You may recognize
the name from Streets Cruising Guides and the Imray-Iolaire Caribbean
charts. Iolaire is Don's boat. Don is not know for holding back and
will be able to speak with some authority on European Insurers
positions. If you are interested I can supply his address and email
off-line.
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