Guides
Electronics upgrades and yacht insured value
A new plotter, radar and autopilot replace older units. Adding all invoice totals to the previous boat value may double-count removed equipment or installation already reflected in market value. Keep a before-and-after record and discuss the valuation method with the insurer.
Equipment receipts and installation evidence
- Model and serial numbers of added and removed equipment
- Supply and installation invoices shown separately
- Evidence of commissioning and relevant installation work
- The revised equipment list and valuation explanation
Keep the original documents as well as a readable summary. Use filenames that identify the vessel, date and subject so another owner, skipper or assessor can follow the record. Store an offline copy of the current certificate and emergency contact details for use when connectivity is poor.
Confirming revised equipment values
Start with the related detailed guide, then describe your actual scenario to the insurer or broker. Ask them to identify the applicable wording and any action required before you proceed. Keep the question and response together; a general product brochure cannot resolve a vessel-specific condition.
Frequently asked questions
Does an invoice guarantee reimbursement of that amount?
An invoice is evidence, not a settlement promise. The policy may apply an overall sum insured, equipment sub-limit, depreciation or another valuation rule. Ask how the proposed equipment would be treated in a partial loss and a total loss.
Which documents should I read together?
Read the current Product Disclosure Statement with the policy schedule, certificate and any endorsements. Check that you have the version applying to your cover period. Your own document set is the starting point for a specific coverage question; this guide supplies a preparation method rather than a promise of cover.