Boat and Yacht Insurance Issues
by David Pascoe
Browse Articles
Latent Defects
A Little Understood Term Results in Boat Owners Not Taking Advantage of Insurance CoverageMost yacht policies have a latent defect clause which provides specific coverage for latent defects, while others specifically exclude latent defects from coverage.
The term latent defect in maritime use is widely misunderstood, for it is not the same thing as with common law usage.
A latent defect is an unknown defect not discoverable by such inspection or test as the law reasonably requires under the circumstances, i.e. reasonable and prudent inspection. Entire Article
What to do if Your Boat Is Hurricane Damaged
Following a major hurricane like Ivan, most boat owners have their hands full with homes, family and business so that the prospect of having to deal with the boat also is a daunting and unwelcome task.
However, your insurance policy obligates you to take all reasonable actions to preserve it from further loss and damage. Entire Article
In "Hurricane Preparations" category
Your Legal Obligations during a Storm
Most people are probably quite unaware that they may actually have legal obligations for what happens to their boats, or rather what their boats do to other property, during a hurricane. Such obligations have been demonstrated in numerous court cases. Entire Article
In "Marine Surveying" category
Surveying Storm Damaged Boats
Liability Risks for Failure to Report Inadequate Repairs Runs High
What prompted me to write this article is that increasingly I am hearing of complaints against surveyors who have failed to discover major damages and structural faults with storm damaged boats.
Since Hurricane Andrew in 1992, the eastern U.S. has been hit with 7 hurricanes that have caused damage to tens, if not hundreds of thousands of boats.
This means that there is nearly an equal number of boats that have been repaired and put back on the market.
In itself, that would not be a problem, except that so many of these damaged boats were sold as salvage to speculators who then made substandard repairs and put them back on the market.?(Posted 1997) Read Entire Article.
Direct Link to a Chapter at www.davidpascoe.com
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Chapter 4
Marine Insurance and Issues of Law
(Marine Investigations) -
Chapter 10
Fraud Investigations
(Marine Investigations)
Visit davidpascoe.com for his power boat books David Pascoe - Biography
David Pascoe is a second generation marine surveyor in his family who began his surveying career at age 16 as an apprentice in 1965 as the era of wooden boats was drawing to a close.
Certified by the National Association of Marine Surveyors in 1972, he has conducted over 5,000 pre purchase surveys in addition to having conducted hundreds of boating accident investigations, including fires, sinkings, hull failures and machinery failure analysis.
Over forty years of knowledge and experience are brought to bear in following books. David Pascoe is the author of:
In addition to readers in the United States, boaters and boat industry professionals worldwide from nearly 80 countries have purchased David Pascoe's books, since introduction of his first book in 2001.
In 2012, David Pascoe has retired from marine surveying business at age 65.
On November 23rd, 2018, David Pascoe has passed away at age 71.
Biography - Long version