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What Value Yacht Insurance?
It's an image that strikes fear into the heart of any sailor with a vessel moored nearby, and it demonstrates that obtaining the correct insurance is vital. But as we tighten our financial belts, can prices be pared back without compromising cover?
Julie Jolly, Chief Executive Officer of Pantaenius UK Limited, offers some advice. During her seventeen years with the company, she has been closely involved in the legal aspects of product development and surveying market conditions for insuring pleasure craft. If you are interested, please read more!
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Source: Yachtworld.com, Issue April 2009
Missing yacht found after three week search
Pantaenius UK received a call from a client on 11 March 2009 advising that his sailing yacht had been stolen from Mahon, Menorca over the preceding weekend.
Efforts were initially focussed on Menorca where a local surveying contact was mobilised to coordinate the investigations on the ground. Through a combined effort incorporating four Pantaenius offices across Europe and our sister company Marine Claims Service, as well as Pantaenius’ extensive network of surveying and maritime contacts, full details of the yacht, including photographs and a long list of distinguishing features, were immediately circulated to all port authorities, marinas, yacht clubs, riggers, repair yards, coastguards, police forces, yachting traffic and commercial shipping traffic in the area.
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Source: Andy Crick, Claims Department Pantaenius UK
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