{"id":651,"date":"2016-06-01T12:20:51","date_gmt":"2016-06-01T12:20:51","guid":{"rendered":"http:\/\/sanctumsuperyacht.com\/?p=651"},"modified":"2016-07-21T14:54:20","modified_gmt":"2016-07-21T14:54:20","slug":"going-for-the-gap","status":"publish","type":"post","link":"https:\/\/www.sanctumsuperyacht.com\/going-for-the-gap\/","title":{"rendered":"Get race ready"},"content":{"rendered":"

 <\/p>\n

\"Going<\/a><\/p>\n

With the race season upon us, it’s important to shed some light on this exciting sector of the industry. One of the reasons why an owner may opt for a sailing yacht, is not only the potential to explore\u00a0some unchartered territories, but to unleash that competitive streak and race her in one of the\u00a0many superyacht regattas held globally.<\/p>\n

To gain that competitive advantage, owners fly in professional helmsmen and tacticians, in addition\u00a0to the guests and full time crew, increasing\u00a0cover requirements. As well,\u00a0with the vessel participating in competitive racing, the potential for a Medical or Third Party Liability\u00a0claim as a result of an accident can increase.<\/p>\n

The declaration to your insurance broker is imperative in this situation, due to the risk changing\u00a0considerably with increased bodies on board and the use of the vessel. As this is a material fact, to\u00a0ensure coverage remains fully in force, your insurance brokers should have regatta participation\u00a0agreed with the underwriters in advance of participation. There may also be the requirement\u00a0to enhance cover to include the race crew employed for the event.<\/p>\n

Underwriters don\u2019t generally view regattas negatively, however some underwriters may impose an\u00a0increased deductible for the mast and spar\u2019s whilst racing for example. As most events follow the\u00a0Superyacht Racing Rules, this gives underwriters some comfort due to the minimum room rule\u00a0between vessels whilst underway and the staggered start based on the handicap rating\u00a0of the fleet.<\/p>\n

Overall, the priority is to have safe, competitive, fun on the water and to ensure the owner\u2019s\u00a0exposures to all on board, the vessel and third parties are fully covered. Prior to regatta\u00a0participation, advise your insurance broker accordingly, or if you require any additional advice please\u00a0do contact us.<\/p>\n","protected":false},"excerpt":{"rendered":"

  With the race season upon us, it’s important to shed some light on this exciting sector of the industry. One of the reasons why an owner may opt for a sailing yacht, is not only the potential to explore\u00a0some unchartered territories, but to unleash that competitive streak and race her in one of the\u00a0many […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/posts\/651"}],"collection":[{"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/comments?post=651"}],"version-history":[{"count":11,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/posts\/651\/revisions"}],"predecessor-version":[{"id":934,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/posts\/651\/revisions\/934"}],"wp:attachment":[{"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/media?parent=651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/categories?post=651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sanctumsuperyacht.com\/wp-json\/wp\/v2\/tags?post=651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}