I can't tell the elevations of the two outside level switches but I assume the highest is the high water alarm. Maybe one level switch is stage 1 warning and the other is stage two "high" water alarm. Do they have the manual knobs on them to test. You need to turn the knob and hold for 5-10 seconds for the high water to annunciate. Believe me you will know it. The sound will wake you out of a deep sleep!
I only see one bilge pump in the picture is there another one somewhere else?My boat had 3, 2 bilge pumps 1 high water alarm.
Did someone remove a bilge pump before you became the owner? (unless you bought it new).
Siren marine high water alertGood to hear the high water alarm and bilge pump floats work. I forgot to ask, what is that black object fastened to the side with he cable coming out?