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Old 03-25-2019, 03:56 PM   #11
Pau Hana
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City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,676
Quote:
Originally Posted by BandB View Post
And the old words, "Tell the truth and nothing but the truth."

If asked how many years experience, answer with exactly what experience you have. Don't let an ambiguous question lead you into danger of being accused of false information.

Someone you'll never see and never talk to and don't even know where they are will look at the information and decide if they think it's enough. If they don't, they'll attach a requirement to the policy.
Yup- this is the mantra.

we (insurance freaks) want to have a good handle of operational experience of a direct nature...so the US Navy captain on an aircraft carrier who gave orders to the helm/lee helm is not exactly qualified to jump right into a 50' class vessel...unless he has relevant experience of the ownership/operational type.

Here's the rub- we underwriters still rely on the "handshake is your bond" mentality- so one could conceivably fudge the facts and get coverage. Now, if a claim occurs, any insurer will (not may) have their investigations unit take apart the application and policy and look for fraud/deception- especially on larger vessels where experience comes into play. The carrier may look for hard info on ownership like registration or certs of documentation.

Bottom line- claims have and will continue to be declined due to fraud- so be honest.
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Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!

1989 52' PT Overseas yachtfisher
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