[PSUBS-MAILIST] insurance

[hank pronk]

Carsten,
I just thought it might be cheap to have storage insurance, and it might be nice to get some money back if my shop burns to the ground.  I used to put storage insurance on my Porsche 911 for 75 dollars per winter.  I don't understand what the difference is.  
I am going to ask today about an annual cargo insurance.
Hank



On Thursday, March 27, 2014 11:12:18 AM, Carsten Standfuß <MerlinSub at t-online.de> wrote:
  
E-Mail Software 6.0
All SL classe subs have a insurance. 

Nessesary if you try to carry passengers for money. 

The
lawer of 
the children of a 90 years old passenger with a deadly heardattack on
his 
birthday travel
in your sub will strip you to nothing if you have no

insurance. 

Euronaut has no class but a P&I insurance
due to the 
owners good network in the shipbuilding industry. 
And maybe due to
the fact 
that the owner work as naval architect and time to time for a
classification 
society..
But anyway passenger have to sign a paper that a
submarine 
is a potential dangerous machine and they take the trip on there own
risk. 

But why you want to insure? The insurance will only cover the
damage the 
sub do to others. 
I dont think that you sub will do major damage to
others. 
Such a minimum insurance will cost you about 4000-5000 USD a year. 
A
full 
insurance in all directions will cost you maybe 10 times more. 

And if 
teh sub sinks it will be much cheaper if you raise it by yourself.
Just in 
case you survife.. 

For transport on a road you can insure the
boat just 
as cargo or Motorboat. 
The insurance will not see a special risk in
that. 
And for storage it should be the same. 

vbr Carsten



"hank pronk" <hanker_20032000 at yahoo.ca> schrieb: 
I have made an attempt to buy insurance for my sub.  I
contacted my insurance broker that I deal with for my business as well
as my daughter who is an insurance broker.  It is not possible
unless the sub is certified.  I was only looking for insurance to
cover loss during storage and during transport.  I was only looking
for a set amount to cover my actual costs.  
>My next
attempt will be adding cargo insurance through my business and maybe my
home insurance can be modified.
>Does anyone have insurance on
a sub here?
>Hank   

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