B.C. Ferries has decided against pursuing an insurance claim for engine problems on its three Coastal class ships and has opted instead to pay the estimated $8.5 million cost out of its contingency fund.
“Taking into consideration our insurance deductible and potential for insurance rate increases if we were to make a claim, we have now decided to fund this repair out of our contingency account, which is in place for major incidents such as this one,” Jeff Groot, B.C. Ferries spokesman, said Monday.
“When you consider all the costs related to design, freight (air/sea), the rotors themselves and the work to exchange them, installing six rotors is about $1.4 million each, or approximately $8.5 million total.”
Coastal Renaissance serves the Tsawwassen-Swartz Bay route. It returned to work on March 4 after it was sidelined on Aug. 17, 2023, and taken to Departure Bay in Nanaimo. The motor was subsequently sent to the U.S. for investigation and repair.
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