Turning the tide
INSURANCE is often considered a necessary evil. But can the boat owner afford not to have the appropriate insurance especially in the face of escalating natural disasters?
In 2017 a few mariners in Queensland were thanking their lucky stars as the state’s largest marine insurer responded quickly by treating all claims as ‘perils of the sea’, avoiding the perils of litigation. Unfortunately, others were not so lucky as insurers limited their losses due to the unprecedented number of natural disasters across Australia in recent times.
The changing weather patterns due to global warming now significantly affect the world with Australia not being isolated. From metropolitan Brisbane in early January 2017, TV cameras beamed pictures around the world of torpedoing concrete walkways and marina pontoons ripped from supports caught in the raging torrent. Abandoned
