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#1
posted to rec.boats.cruising
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Insurance early warning?
There's been some discussion recently about what insurance has done to
aviation. It could come to boating someday. There was just a post on the owner's forum for my boat that someone is having trouble getting insurance in the Gulf and Florida region for a boat more than five years old. Has anyone heard anything similar? Any chance this is the first high cirrus clouds of approaching bad weather? -- Roger Long |
#2
posted to rec.boats.cruising
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Insurance early warning?
On Tue, 11 Apr 2006 15:49:43 GMT, "Roger Long"
wrote: There was just a post on the owner's forum for my boat that someone is having trouble getting insurance in the Gulf and Florida region for a boat more than five years old. Has anyone heard anything similar? Any chance this is the first high cirrus clouds of approaching bad weather? Getting insurance on older boats has been an issue for quite awhile but now it is getting worse, a lot worse in places like Florida and the Gulf Coast. It's not just boats either, houses also. Our home insurance just doubled last week and we've had no claims. It just happens to be a 1978 house however, built before the new FL codes went into effect. We are on the water but 10 miles inland from the Gulf, and about 1,000 ft in from the river. Two years ago when we bought our 1981 GB trawler, insurance almost broke the deal because it was so difficult to get, and that was before the latest bunch of bad storms. We know people who have clauses in their policy stating that the boat can not be below latitude 31 degrees during the hurricane season (roughly the South Carolina border). |
#3
posted to rec.boats.cruising
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Insurance early warning?
Roger ,,, you have nothing to worry about. The USA Government will take
care of you. Pres Bush, the Senate, the Congress, the New Jersey State Legislature ... you are covered. Why? Because you are the front man on license fees. With all the money the corrupt government is going to collect from the sheep like you, the kickback to the insurance industry shouldn't cut into the till at all. There will be plenty of money for everyone! GEICO ,,, the little green lizard will say "thank you Roger" on tv. ============ "Roger Long" wrote in message ... There's been some discussion recently about what insurance has done to aviation. It could come to boating someday. There was just a post on the owner's forum for my boat that someone is having trouble getting insurance in the Gulf and Florida region for a boat more than five years old. Has anyone heard anything similar? Any chance this is the first high cirrus clouds of approaching bad weather? -- Roger Long |
#4
posted to rec.boats.cruising
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Insurance early warning?
Wayne.B wrote:
Getting insurance on older boats has been an issue for quite awhile but now it is getting worse, a lot worse in places like Florida and the Gulf Coast. It's not just boats either, houses also. Our home insurance just doubled last week and we've had no claims. Why is it that no one ever suggests that it's time to bring parasitic entities such as "insurance companies" to heel? _Long_past_time_ for public insurance I think. Something that meets the needs of the insured rather than the greed of the stockholders of the insurance companies. |
#5
posted to rec.boats.cruising
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Insurance early warning?
Yes. Here's what came out of the owner's forum:
It is a problem. Many of the major insurors adopted underwriting guidelines recently, claiming they have done this to limit exposure, presumably as a response to major hurricane losses. I wrote quite a lot of sailboat coverage, including my own Endeavour 32, thru Safeco, and they adopted guidelines that do not permit binding coverage on boats over 26' in length, older boats, or wooden boats. Unfortunately, other companies have also followed suite and finding reasonably priced coverage has become more difficult. I am just now getting into trying to identify companies that will write this type coverage myself -- Roger Long |
#6
posted to rec.boats.cruising
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Insurance early warning?
Dave wrote:
On Tue, 11 Apr 2006 13:53:44 -0400, prodigal1 said: Why is it that no one ever suggests that it's time to bring parasitic entities such as "insurance companies" to heel? _Long_past_time_ for public insurance I think. Something that meets the needs of the insured rather than the greed of the stockholders of the insurance companies. Why is there always some genius in a group who seems to think that 1000 members of the govment employees' local union are going to do a better job than people with a profit motive? Such economic ignorance never ceases to astound me. Gee Dave.. how many shares do you have in the oil companies etc. We had this debate recently here, and although the majority of people were convinced we'd do better under a public insurance system, the provincial govrnment commissioned endless studies and decided that the market was being served. I wonder if that was before or after usual party donations were received? |
#7
posted to rec.boats.cruising
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Insurance early warning?
Sheesh! Not again. Why can't I start a thread without it turning into
another political spat? -- Roger Long "Don White" wrote in message ... Dave wrote: On Tue, 11 Apr 2006 13:53:44 -0400, prodigal1 said: Why is it that no one ever suggests that it's time to bring parasitic entities such as "insurance companies" to heel? _Long_past_time_ for public insurance I think. Something that meets the needs of the insured rather than the greed of the stockholders of the insurance companies. Why is there always some genius in a group who seems to think that 1000 members of the govment employees' local union are going to do a better job than people with a profit motive? Such economic ignorance never ceases to astound me. Gee Dave.. how many shares do you have in the oil companies etc. We had this debate recently here, and although the majority of people were convinced we'd do better under a public insurance system, the provincial govrnment commissioned endless studies and decided that the market was being served. I wonder if that was before or after usual party donations were received? |
#8
posted to rec.boats.cruising
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Insurance early warning?
"prodigal1" wrote in message ... Wayne.B wrote: Getting insurance on older boats has been an issue for quite awhile but now it is getting worse, a lot worse in places like Florida and the Gulf Coast. It's not just boats either, houses also. Our home insurance just doubled last week and we've had no claims. Why is it that no one ever suggests that it's time to bring parasitic entities such as "insurance companies" to heel? _Long_past_time_ for public insurance I think. Something that meets the needs of the insured rather than the greed of the stockholders of the insurance companies. Public insurance translated means government run insurance.............no thanks. Why are you so bitter about insurance company's? They are in the business of making a profit for their shareholders....and adjust rates accordingly to attain that goal. Don't like what one company charges....find another. There are plenty to go around. Don't like the high rates you pay because you live in hurricane alley.......then move. We are all paying for the hurricane damage to your boats, cars and houses with our insurance premiums and with our taxes through government subsidies and other government spending. I for one am damn tired of doing so. So pay up or move. Don't ask me to continue to subsidize you though. |
#9
posted to rec.boats.cruising
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Insurance early warning?
Don White wrote:
Gee Dave.. how many shares do you have in the oil companies etc. We had this debate recently here, and although the majority of people were convinced we'd do better under a public insurance system, the provincial govrnment commissioned endless studies and decided that the market was being served. I wonder if that was before or after usual party donations were received? Hah! Such a cynic! ;-) I've kf'd "the Dave" but it's actually helpful that you quoted him. His rant illustrates my point. Sheeple like "the Dave" line up to get fleeced by "insurance" companies, and seemingly enjoy the experience so much, they can't conceive of getting anything _but_ fleeced. Curious how BC's Republican wannabe premier Gordon Campbell hasn't privatised the public Insurance Corporation of BC. Why let all that profit go into private hands when it can help pay for roads, schools and hospitals. |
#10
posted to rec.boats.cruising
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Insurance early warning?
Roger Long wrote:
Sheesh! Not again. Why can't I start a thread without it turning into another political spat? How can you not discuss insurance without the context of politics? "Spat"? Debate is good. Disagreement is fine when done in an intellectually healthy fashion. Those who engage in ad hominem populate my killfile. |
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