Originally Posted by Alaskan Sea-Duction
Let's discuss electronics.
If you were to go in and replace all my electronics due to thrift, water intrusion etc. the bill would be around say $20K (a little low I think). My electronics consist of 2 MFD, lap tops, 2 vhf radios, auto pilot ext.
What are the differences in coverage by the carriers?
What items are covered and what is not?
Can I expect all new electronics?
Apologies for the late answer on this one...
The broad answer is this: The specific carrier's policy wording will determine how electronics are covered, and under what deductible.
"Electronics" are generally described as any permanently installed gear used primarily
for the safe navigation of the ship- this covers purpose built MFDs, PC/Mac based systems, radomes/arrays, cameras, and more. Depending on the insuring company, electronics may be subject to a separate deductible, or subject to the hull deductible.
The loss must be obvious- that is, theft must show evidence of physical break in/damage of some sort. This is critical, as there is an exclusion in policies called "mysterious disappearance" that denies coverage for items that are gone from the vessel, but their disappearance cannot be properly evidenced and documented.
Depending on the policy, water intrusion into electronics may or may not be covered.
The other general tenet is that coverage is under a "like for new' condition- that is, the replacement gear will be like the items lost- but no insurer will hit the flea markets or online sites to look for used gear. Hence, the replacement gear will be (generally) the latest model of that which was lost.