[MHml] Multihulls in RBI

[Catamaran Tigger]

I have a one off' ish multi, certainly not production boat and I had no 
problems insuring, even during the build and in some very strange 
cruising grounds since then. Single handed is a big problem and racing 
is altogether a different matter.

Peter

> Message: 3
> Date: Fri, 9 Jul 2010 12:52:30 +0200
> From: Ross Hobson<ross at rosshobson.com>
> Subject: Re: [MHml] Multihulls in RBI
> To: Informed discussion of multihull issues
> 	<multihulls at steamradio.com>
> Message-ID:
> 	<608A31AA6218EF4BAD0EFABABE12B1E1021F4EE4DB at winxbeuk08.exchange.xchg>
> Content-Type: text/plain; charset="us-ascii"
>
> Peter
> you are correct there was a rash of capsizes etc which didn't help.
> Team Philips was the crowning glory
> on the Monday post TP breaking up off the sillies on its first sail i had a call from my broker
> underwriter had seen TP fall apart and gave me an 'option' - i cancel and get my money back or he cancels and i have to evermore declare i had had a insurance policy cancelled.... no option really.
> TP claim trying to claim on the insaurance for what everyone could see was a design/build problem did not help the market at all.
>
> production boats are insurable - but is you want to race or sail a one off..... well, IF you can get 3rd party you take it at whatever price.  Since then the insurance market has come even more risk adverse - even the French are having problems. My premium for the 2006 RdR 3rd party only, was 12,000 Euro and that was just for the duration of the race - comprehensive was same again ie 24,000 Euro on a boat valued at 90,000 euro......
>
> but if its a crazy mono hull - no problem, even Mini T's get insurance. The IMOCA 60's are on 5% last time i asked, and that includes the Vendee Race
>
> we did explore in the late 90's (with a Lloyds name) trying to set up a UK multi group to underwrite, but with no success. Maybe it is something MOCRA could/should take the lead in
>
> Ross
>
> ________________________________________
> From:multihulls-bounces at steamradio.com  [multihulls-bounces at steamradio.com] On Behalf Of Peter Lillywhite [azuli1 at nildram.co.uk]
> Sent: 09 July 2010 11:35
> To: 'Informed discussion of multihull issues'
> Subject: Re: [MHml] Multihulls in RBI
>
> This may be true Ross, but another factor in the difficulty of insuring
> multihulls was the rash of capsizes and break-ups of production boats in
> the 90's. One owner was responsible of 3 capsizes in as many years (his
> boat was known as the name on the bow read upside-down). Another wrecked
> his boat three times and was referred to by the builder as their
> destruction facility. My insurer still refuses to insure this make of
> boat. We had problems insuring Adonnante due to these claims, however
> things are now much easier as insurers have become better at
> discriminating; in particular assessing the skippers record. With the
> exception of the example above I'm not aware of any problems insuring a
> production multihull at a premium of about 1% per year.
>
> Is this so or am I just lucky?
>
> Peter.
>