X.
YACHTING INSURANCE.[1]
ALSO A FEW LEGAL WRINKLES ON THE STATUS AND RELATION OF OWNER TO CREW.
Underwriters, as a rule, seem
not particularly anxious to run
foot-races after the owners of
small yachts who navigate their
own craft. For some reason or other
the amateur skipper is looked upon by
them with suspicion and disfavor. Why,
I do not know, for considering the immense
number of pleasure craft in
commission every year the ratio of loss
through wreck, collision, or fire is remarkably
low. I think, if underwriters
took this circumstance into consideration,
they would find it in their interest
to offer more attractive inducements to
owners of yachts to insure their floating
property.
The vast number of pleasure craft in commission on the Atlantic and Pacific seaboards, on our great fresh-water lakes, and on the large sheets of water that, like the Great South Bay, are divided from the ocean proper by a strip
- ↑ The author is indebted to an eminent marine jurist (commonly known as a sea lawyer) for all the information contained in this chapter.
