This is a rough outline of a self insurance or shared risk co-op, that I sent Kent and thought I would share with the group. It was prompted by the hassle I have had with obtaining insurance, the restrictions and expense.  Bill suggested self insuring and just buying liability insurance, however in the event of a total loss, it would be a big financial hit, that I could not afford. However, if I could share that risk with even ten others or better yet many more, it would soften the loss. When you consider how few Amel's have been lost outside of a hurricane zone, the risk seems very low, and yet we need to insure against such a great financial lose.

Bonjour Olivier, hello Rudi and Scott,

I want to add my observations of some years: The zinc anode of the Spurs line cutter is completely away after a year, if you do not have the zinc anode on the nose of (in my case folding) propeller. This means, the protection of the big 2 anodes on the rudder blade is most seemingly not enough to protect the line cutter (and the propeller I believe) from corrosion.
After installing the zinc anode on the propeller (instead of the 'red nose plastic' - as Olivier says), which by the way is quite easy also in diving, I detect no corrosion anymore at the zinc anode of the Spurs line cutter.
I am happy now with a full set of zinc anodes from bow to aft, on (1) the bow thruster, (2) the Onan Generator, (3) the spurs line cutter, (4) the nose of the Propeller and (5) the 2 big ones at the rudder blade.

This should last and avoid any corrosion easily a year!

Best regards
Alexander Hofmann, SY Oceanica I, Amel 54#156

hey matt. 

im not 100% sure if there is a difference but i do know that my AC element way to many watts going out.  This is the unit i purchased.  https://globalsolarsupply.com/product/diversion-load-water-heating-element-60a12v-30a24v/

it will work for 12 or 24 volt.  I think if you goole the type of water heater you have you can find out the size of the element.   You will most likely need the professional tool to remove the water heater element.  The cheap home ones will simply not do the job.  at least on my tank that was the case.  ...What brand of water heater do you have?

On 18 May 2020 at 13:22 "karkauai via groups.io" <karkauai@...> wrote:

Hi All,
Given the insurance problems everyone is having, I thought I'd see if there is enough interest and/or expertise to pursue an AYOG self-insurance program.
Pat (Shenanigans) and I have talked about it a little. Here's the gist of what we discussed:

1. A buy-in of some percentage of your boat's  value that would be enough to cover the first year.  For example, a $300,000 SM owner might pay 2% or $6,000. If we had 200 similar owners, we'd have $1,200,000 to pay out.

2. It would' be a high deductible coverage  designed primarily to pay for total loss. Maybe something like 20% of the boat's value.

3. The most common claim would probably be lightening damage, which often amounts to $50,000 or more.  Our plan might pay for half of a major claim like that?

4. Boat's would have to be out of the hurricane zones during the season.  Any other restrictions?

5. Yearly Assessments could replenish what was paid out  Or we could continue to pay in until the principle was self-sustaining. That would require investing the funds and a whole added layer of complexity.

6. A rotating Board of unpaid members would oversee the plan (maybe a LLC?), and an administrator would be hired to do the paperwork.

7. Owners would purchase their own liability insurance.

This is all just a very rough framework that can be built on, scrapped and something else adopted, or what ever seems appropriate.  Any and all thoughts and suggestions are encouraged. I'm hoping we might have an owner or two that have some insurance or legal expertise to help us understand the potential pitfalls and options available.

Thanks for your ideas.
Kent
Kristy
S M 243