Wilbur ,, if you for some unknown reason happen to bump into me ... not that
you would ever do this ... but just in case...

And I said "Hey, Wilbur, you owe me a new Awlgrip job and that cost
$12,000".

Are you going to pay it ??

Are you taking risk or collision?

If you carry liability insurance, they you can pay for the Awlgrip job.

==============================================

In college I took a course called Risk and Insurance. One thing I learned;
you don't need as much coverage as they recommend.

But, you must decide how much risk you can take on yourself.

==============================================


"Wilbur Hubbard" wrote in message
...
I am constantly amazed at how passive some people are. They can't get
insurance so they don't take a cruise on their boat. Kind of a stupid
decision in my opinion. Don't people realize insurance is you betting
against yourself and the insurance company betting on you. If an insurance
company is willing to bet on you I have to wonder why you think it's an
unacceptable risk to bet on yourself.

Get this through your thick skull. Insurance is socialism. It has nothing
to do with safe boating. It has everything to do with grabbing a portion
of your wealth. What to do about it? Self-insure. Yes, put some money
aside and insure yourself. Since any accident or negligence that results
in a loss will be coming 100% out of your own pocket you will become a
safer boater and less likely to come to grief. The next time I hear some
fool tell me, "Oh, don't worry, I have insurance." after leaving their
boat on one inadequate anchor, I think I'm going to spit right in their
face. Why should I have to be exposed to having my boat damaged because
some irresponsible slob with an insurance policy drags down on me and
damages my boat? If more people didn't have insurance boating would be a
whole lot safer. I hear people all the time using that phrase. "Don't
worried, it's insured!" They leave their boats unprepared in a slip when a
hurricane is on the way. "Don't worry, it's insured!" They go around
without a chart or a clue and say, "I don't worry about it. My boat's
insured." Give other boaters a break why don't you. Stop with the insane
attitude. Take responsibility for your own actions. Stop using insurance
as an excuse for your own stupidity.

Wilbur Hubbard



"Roger Long" wrote in message
...
It's not looking too good for getting to Nova Scotia this year.

I got forced out of aviation by the constantly tightening noose of
insurance and I can see the early signs of the same processes at work
when talking to agents about the necessary insurance. The hurricane
losses and the propensity for people doing boneheaded things in expensive
boats have got the underwriters turning the screws.

There's no question that I can get the insurance but another survey and
significantly higher premiums put the cost up to where it seems pretty
steep for a week or two of cruising. I'd hoped to spend most of the
summer along the Nova Scotia coast but it now looks as though I'll have
too much going on with work to do that. Canada will have to wait until
next year when I can justify the insurance cost with a couple months of
use.

It's not a huge disappointment though. I wanted to go east since I've
seen most of New England over the years. However, I have a new cruising
partner who has not and showing her Maine more thoroughly and leisurely
(after all, you could spend a lifetime on this coast) with some trips
down to the Cape to swim in warm water and visit old haunts will be
pretty nice.

I contacted insurance agents suggested in response to a posting here as
well as some others. It was pretty discouraging to have a couple of them
tell me not to give up my current insurance if at all possible because I
might find it impossible to get insurance soon on a 1980 boat. The
underwriters are evidently using age as a primary criteria for squeezing
down their total insurance exposure to a level they are comfortable with.
It seems crazy because my boat is a lot more solid than most of the brand
new ones I see. It may be just economics. It costs them the same to
service and administer the policy for my $25,000 boat as one of the new
quarter million dollar daysailers that probably get used twice a season.
At ten times the premium and less usage exposure, it makes sense for
them. From what I'm hearing, it's going to be very hard to get insurance
for 1980 vintage cruising boats in a few years.

Other things I learned.

You do not want to have two policies covering the same area. If you do
have a claim, you have an excellent chance of winding up with nothing
because the two companies will point fingers at each other forever. Some
policies will even let them deny a claim if you have other insurance that
you have not disclosed to them. So, keeping my current inexpensive
insurance that lets me sail as late in the year as I want and buying
another policy for Canada is not an option.

The one Canadian company I spoke to said they could not insure a US
registerd yacht unless it is in Canada permanently. This was after
questioning their underwriters so would probably apply to all companies
up there.

--
Roger Long