Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I reduce my insurance premium by installing a Marine Lightning Protection system?

April 26, 2017Insurance lightning Marine Premium reduce system

0

Posted

Can I reduce my insurance premium by installing a Marine Lightning Protection system?

1 Answer

0

Posted

Thomson: Not yet. We are breaking new ground with our system so it may be some time before the conservative insurance industry catches up with our technology. We hope that as our system becomes more commonplace, insurers will have a track record on which to base premium reductions. In the meantime, some boaters may be sufficiently comfortable with our system to choose policies with higher deductibles, thus reducing premiums in that way.