Technology investments are a form of insuranceapril 24, 2019 1:38 pm
Yacht investment against insurance claims
Yachts come in all shapes and sizes and everyone’s boating lifestyle is different.
Unfamiliar waters, submerged objects, rocks or rock beds, can all be an issue to even the most experienced of crew. In many areas the water channels are clearly marked, but this isn’t always the case and even if they are marked correctly it doesn’t always stop accidents from happening.
The seas that yachts travel in can be tricky places to navigate and sometimes mishaps occur. Add to that the fact that yachts and other craft tend to carry a hefty price tag and you’ve got a recipe for some expensive accidents. The number one yacht insurance claim is hitting an object underwater.
Having an experienced crew on-board your yacht means that crashes are few and far between. However, it’s often what you can’t see that does the greatest harm.
Forward Looking Sonar scans the seabed ahead of your vessel and shows any dangers ahead like corals or rock beds, providing you with extra security to your vessel and lets you see any dangers before the damage is done. EchoPilot has developed its latest Forward Looking Sonar technology with Real-Time vision. This allows the captain to see a live image of the seabed ahead. With this new technology you are able to react to any dangers ahead in good time to avoid any damage.
Essentially, yacht insurance aims to protect your yacht and other craft on the water and of course, you and your passengers. The idea of insurance is to put you back in the financial position you were in before you experienced a loss of some sort.
Using a respected forward looking sonar technology acts as an insurance investment for your yacht, protecting you from such a risk.
Read the full article here: https://superyachttechnologynews.com/2019/04/18/technology-investments-are-a-form-of-insurance/
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