Yacht fires
Rendezvous, Naseem, Hooligan, Good Vibes, Aria SF, Black Diamond – the list of yachts lost to fire this summer alone goes on. Anyone following the yacht market on social media will be used to the depressing frequency of images/videos of yachts on fire and it's fair to say that fire is by some margin the most common cause of loss in yacht claims we are involved with.
Although the question of values is often opaque, there can be no doubt that the losses run into multiple millions of dollars. The investigations into fires on yachts are technically difficult and oftentimes inconclusive, assuming there is anything left to investigate in terms of physical evidence; many of the reported fire losses occur in deep waters and recovering the remains is either logistically and/or economically unfeasible.
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