Some Insurance intel.
I'm hearing that insurance coverage is being rejected/withdrawn on boats with Lithium batteries powering the boat in any form. Right now, I understand coverage is being rejected regardless of compliance to standards (ABYC) by some providers. I do not know about OEM applications which there are many and more coming. So, if your insurance survey is coming due, anything on the survey about an owner installed lithium battery system will be a risk. If your policy has language regarding these battery systems you may also be at risk in the event of a loss; review your policy when it's renewed. I knew things were going to be iffy on the advent of the ABYC regulations and why I was having my design reviewed and stamped by an independent engineering company. Now, however, I'm going to defer my installation until things are better defined by the insurance carriers. One additional thing - Surveyors will, no doubt, be looking at and documenting these lithium power systems now that the ABYC standard has been adopted; even though the standards pertain to OEM installations.
Just an FYI.
I'm hearing that insurance coverage is being rejected/withdrawn on boats with Lithium batteries powering the boat in any form. Right now, I understand coverage is being rejected regardless of compliance to standards (ABYC) by some providers. I do not know about OEM applications which there are many and more coming. So, if your insurance survey is coming due, anything on the survey about an owner installed lithium battery system will be a risk. If your policy has language regarding these battery systems you may also be at risk in the event of a loss; review your policy when it's renewed. I knew things were going to be iffy on the advent of the ABYC regulations and why I was having my design reviewed and stamped by an independent engineering company. Now, however, I'm going to defer my installation until things are better defined by the insurance carriers. One additional thing - Surveyors will, no doubt, be looking at and documenting these lithium power systems now that the ABYC standard has been adopted; even though the standards pertain to OEM installations.
Just an FYI.