Building time??

I am in Christchurch, New Zealand where we have an additional Insurance cover which is part of our Governments requirements. They have set up a government controlled "Company" known as the Earthquake Commission which covers damage from earthquakes, acts of war and natural disasters. everyone who has home and contents insurance pays an additional premium (4%) to provide this cover. No insurance, no cover!

I have insurance so I am covered. We may pay higher taxes but ?? When you lose something which you spent so much time on you at least get a monetry hand up.

Mike

Are you talking regular home owners insurance?

I think that is a pretty good estimate.  I sure wouldn't argue it.  Not familiar with that specific ship, but a three masted ship is certainly at least that kind of time.