water sports enthusiasts, so they know the ins and outs of the nautical world. The family business is now led by the next generation of owners, Harald Baum’s children. Pantaenius places its insurance policies with various insurers with whom they have long-standing relationships. This ensures risk diversification and allows Pantaenius to handle claims independently. Top 8 List of Damages Pantaenius keeps a top 8 list of damages, which is also interesting for consumers. In eighth place is transport damage. This can include, for example, transporting your boat by road on a trailer. In seventh place are fire and explosion. This applies to the boat but also to consequential damage. Think of the costs of cleaning up the burntout hull. This can be enormously expensive. Sometimes a site needs to be excavated after a fire, or sparks fly tens of meters to other boats. As the owner of the burnt-out boat, you may be held liable for this. In sixth place is sinking and leakage. Boats usually sink in the harbor due to broken hoses and seacocks. Numbers 5 to 1 Number five concerns technical defects, such as a mast falling overboard or consequential damage from a poorly maintained engine. Fourth place goes to burglary, theft, and vandalism. Over 2000 boats and outboard motors are stolen annually. In third place is ‘grounding and stranding.’ Many boats run aground on shallows. Certain areas, such as the Vormt near Urk, the Randmeren, and the Biesbosch, are notorious for grounding incidents. Number two, force majeure due to natural problems, is becoming more common. This includes issues caused by flooding, storms, lightning, and frost. In first place on this top 8 list are collisions, often due to one’s own fault. It’s comforting if insurance covers the enormous costs that can arise from a small mistake. Research In principle, you are not required to insure your boat. However, your Personal Liability Insurance does not cover damages if you are sailing with more than 4 hp motor power or more than 16 m² sail. Therefore, it’s wise to insure your boat for liability, because if you cause damage to other boats, the costs can be significant. Some boat owners tend to choose insurance based on the lowest premium. In that case, you usually don’t end up with Pantaenius. But is one insurance just as good as another? Due to the differences in premiums and conditions, it’s worth investigating. And that is particularly in the.... HISWA TE WATER MAGAZINE Small Print Claims handling is also important, and Pantaenius has a high score on customer satisfaction. With insurance, you should also pay attention to exclusions, the fine print. Some yacht insurance policies are derived from car insurance. Then insurance won’t allow you to tow, for example, but that’s against nautical law, which says you are obligated on the water to help others in need. Also find out if cleanup costs are insured after an event. And pay attention to the established insured value (New for Old). If you take out a third-party insurance policy with Pantaenius, you get a skipper’s insurance with it. Then, as a policyholder, you are also covered under third-party insurance on someone else’s boat. 25 www.pantaenius.nl
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