[PSUBS-MAILIST] insurance

[Emile van Essen]

The offer from Hanseatic underwriters has some funny points to reduce their
risk:

 

-passengers from the US and Canada are not covered in the liability
insurance

-underwater operations are not covered..

 

On the other hand is  salvage cost covered for several millions !

 

With other words the insurer don’t understand Because we are a small group..

 

Maybe a Psubs collective insurance is a idea.  

 

Regards, Emile

 

  _____  

Van: Personal_Submersibles [mailto:personal_submersibles-bounces at psubs.org]
Namens "Carsten Standfuß "
Verzonden: donderdag 27 maart 2014 23:48
Aan: Personal Submersibles General Discussion
Onderwerp: Re: [PSUBS-MAILIST] insurance

 

Thats right. If you make bad saftey precautions or a mistake.. 

But if you make no mistake and he just wash overboard and battered in pieces
by the propeller
- and later his lawer comes with funny arguments, like "there is no railing
all around on your submarine and my client was not aware of it." 

In that case you have a nice paper that your guest have notice that.. 
If somebody not sign this paper he will not tavel with the submarine.. 

groet Carsten


"Emile van Essen" <emile at airesearch.nl> schrieb: 

“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.”

Doing this makes no sense. If a accident is related to bad safety
precautions or a big mistake by the pilot, you have a problem anyway..

Regards, Emile

  _____  

size=2 width="100%" align=center tabindex=-1> 

Van: Personal_Submersibles [mailto:personal_submersibles-bounces at psubs.org]
Namens "Carsten Standfuß "
Verzonden: donderdag 27 maart 2014 18:11
Aan: Personal Submersibles General Discussion
Onderwerp: Re: [PSUBS-MAILIST] insurance

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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