Socorro Liveaboard Grounding

[DandyDon]

if $50k worth of diving equipment was catastrophic to me then I would have an equipment insurance plan through DAN or someone else to cover it.

Yes!

Dan trip insurance would not replace your gear in this instance. It would refund the cost of your trip, but gear is only replaced if lost diving.

You may be confusing coverages provided by DAN Dive insurance and DAN trip insurance. Trip insurance should cover property losses. I lost my PLB & canister thru carelessness in Honduras last summer, but my trip insurance paid for it.

She would need something called an Inland Marine policy covering a specific list of items.

Now called Personal Articles Policy. SF is not the only company to offer it: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

I looked at the DAN equipment insurance (through H2O)

I don't know who H2O is, the link they gave to DAN Services is bad, but DAN trip insurance is thru Generali. In fact, Generali sells trip insurance for less than DAN. DAN Dive insurance is essential, but I don't care for their other insurance offerings.

My gear, much like Marissa's isn't personal items. They are work tools and are specifically excluded in those policies.

You could call them. Are you opposed to that? Several companies listed here: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

 

[O-ring]

Yes!

You may be confusing coverages provided by DAN Dive insurance and DAN trip insurance. Trip insurance should cover property losses. I lost my PLB & canister thru carelessness in Honduras last summer, but my trip insurance paid for it.

Now called Personal Articles Policy. SF is not the only company to offer it: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

I don't know who H2O is, the link they gave to DAN Services is bad, but DAN trip insurance is thru Generali. In fact, Generali sells trip insurance for less than DAN. DAN Dive insurance is essential, but I don't care for their other insurance offerings.

You could call them. Are you opposed to that? Several companies listed here: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

The DAN equipment insurance I mentioned is through H2O and is totally separate from the DAN dive accident insurance that most of us carry AND is also different than the DAN trip insurance. The DAN link is here - Equipment Insurance - Divers Alert Network but that just redirects to the actual company that issues the policy (the quote button on the DAN site) - H2O Insurance

Note that I have no experience with it...just brought it up since somebody mentioned upthread that the passenger with the GFM page publicly stated that DAN is not going to cover her lost equipment. Turns out they have a product for that, but it seems like "my LOB sank" is not a covered event. This all goes back to Tracy's point that by the time you cover yourself with Aquaseal and roll around in insurance papers to cover every eventuality you more often than not should have just self-insured.

 

[DandyDon]

The DAN equipment insurance I mentioned is through H2O and is totally separate from the DAN dive accident insurance that most of us carry AND is also different than the DAN trip insurance. T

Oh, OK, thanks.

Turns out they have a product for that, but it seems like "my LOB sank" is not a covered event.

Yeah, a PAP would be better.

 

[Marie13]

From recent comments on the Dive Talk FB post about this, sounds like she did NOT have a separate policy to cover her gear. Oh, well. Too bad. I’m not donating. I have friends who are tradesmen with thousands of dollars in tools. They have separate policies just for their tools. If you need tools and gear to make a living and don’t carry insurance to cover their loss and can’t afford to otherwise replace them, that’s on you.

 

[Tracy]

You may be confusing coverages provided by DAN Dive insurance and DAN trip insurance. Trip insurance should cover property losses. I lost my PLB & canister thru carelessness in Honduras last summer, but my trip insurance paid for it.

I'm not confusing them, I am stating the facts. You lost a personal item, not work tools.

Now called Personal Articles Policy. SF is not the only company to offer it: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

Many companies offer it, they aren't special. But they often cost as much as the insured item when taken abroad.

You could call them. Are you opposed to that? Several companies listed here: https://www.google.com/search?q=Per...1C1CHBD_enUS958US959&sourceid=chrome&ie=UTF-8

I have called, hence my intimate knowledge of the subject.

 

[rddvet]

As I posted above, insurance costs more than the gear in most cases. Dan trip insurance would not replace your gear in this instance. It would refund the cost of your trip, but gear is only replaced if lost diving. Read the fine print. This was not a diving accident. It was a boating accident. As a non professional, you can add riders to your homeowner policy to cover your equipment. Whether it pays out for out of country is up to your fine print.
As a dive professional, her gear is different. She would need something called an Inland Marine policy covering a specific list of items. Getting that coverage within the US is quite affordable. I have one on my work equipment. Having that policy apply anywhere in the world typically makes it cheaper to replace the gear.
I would imagine most dive pros have no coverage on their gear even if they think they do.

I believe there is some gear coverage under the DAN insurance. But either way, many years ago I went to my homeowner's insurer and gave them a list of my gear that I think would cost more than most adjusters would ever expect and had them add a specific rider for the property. My agent knew I travel internationally so my additional insurance also covered international incidents.
Either way, go fund me is a reward to stupidity.

 

[O-ring]

I believe there is some gear coverage under the DAN insurance. But either way, many years ago I went to my homeowner's insurer and gave them a list of my gear that I think would cost more than most adjusters would ever expect and had them add a specific rider for the property. My agent knew I travel internationally so my additional insurance also covered international incidents.
Either way, go fund me is a reward to stupidity.

My memory isn't great, but I think there is some level of coverage for equipment lost during a diving medical event (DCI, AGE, etc.).

EDIT: yup, I fact checked myself.

Lost Diving Equipment for covered diving accidents (note - this is for US, VA might be different if another state/country is selected):

$5,000 - Guardian
$2,500 - Preferred
$1,000 - Master

LOSS OF DIVING EQUIPMENT BENEFIT – APPLICABLE TO A COVERED DIVING ACCIDENT ONLY If Diving Equipment is lost or unintentionally damaged due to a Covered Diving Accident, the Company will pay the present market value of the Diving Equipment at the time of the loss or damage, up to the Benefit Limit. If any item that was lost or damaged is part of an assembly of items, then the benefit is limited to the part that was lost or damaged. At the option of the Company, the lost or damaged item may be repaired or replaced in lieu of a cash payment. the Company may require that the Insured Person deliver the damaged equipment to the Company prior to payment of this benefit. The maximum benefit per Covered Diving Accident is shown in the Benefit Schedule.

 

[Marie13]

My memory isn't great, but I think there is some level of coverage for equipment lost during a diving medical event (DCI, AGE, etc.).

The GFM for this diver’s gear does mention the DAN plan she had only covered gear loss as part of a DCI event.

 

[O-ring]

The GFM for this diver’s gear does mention the DAN plan she had only covered gear loss as part of a DCI event.

That jibes with what I added to my post above. You are only entitled to the coverage if the gear was lost during a covered medical event.

 

[Norwegian Cave Diver]

I am a contractor. My company has insurance for my truck, tools in storage, tools in the truck, tools on a job-site, and the same for materials. If I damage your house etc my company is insured and therefore the job site is covered. I would expect a LB company would have similar insurance.