IUMI 2020: Electronics on new yachts now cost more than machinery

Capt. John

A typical yacht has a 1-in-1,000 chance of being struck by lightning during its lifetime, significantly greater than the 1-in-70,000 chance for an individual, and when that loss occurs, one would expect an average $1m loss for a $5m boat, according to Rick Salway, who was presenting at the...

https://insurancemarinenews.com/insurance-marine-news/iumi-2020-electronics-on-new-yachts-now-cost-more-than-machinery/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon