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#1
posted to rec.boats.cruising
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Oh, Canada
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 |
#2
posted to rec.boats.cruising
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Oh, Canada
On Wed, 07 Mar 2007 11:43:23 -0500, Roger Long wrote:
It's not looking too good for getting to Nova Scotia this year. .... Another other option is to just go without insurance. Personally I think the sooner the extortion racket we call "insurance" is brought to heel, the better. |
#3
posted to rec.boats.cruising
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Oh, Canada
"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 That's too bad. here's the company who were giving a discount to the Canadian Power & Sail Squadron. https://www.cowangroup.ca/cigl/pages...e/index_en.jsf I just got a disappointing phone call yesterday squashing my dreams of fleeing Nova Scotia for the rest of this winter. Last week my buddy in the BVI had called asking if I was interested in helping out on a couple of deliveries. 1st was a 57 foot sailboat from Tortola to Florida. 2nd was a delivery from Florida to Saint Vincent. Ho couldn't nail down the 2nd part (his quote too high?) so he decided not to do the first job. The idea was to spread the cost of mine and another crewmembers airfare over the two jobs to make it worthwhile. Sure sounded good... return airfare, fed while underway and a modest daily payment. Anyway he's off to do a couple of charters but will keep me in mind if any other deliveries come up. |
#4
posted to rec.boats.cruising
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Oh, Canada
Rick B. wrote:
Did you speak with these people? The Andover Companies Just did. They offer the kind of insurance I have not, tacked on to a homeowner's policy. No stand alone boat insurance or cruising insurance for Canada. Thanks anyway. -- Roger Long |
#5
posted to rec.boats.cruising
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Oh, Canada
Roger ,, what company are you with now?
Did that company make you get a survey? If I am reading this right .. ??? ,,, you know me. You have insurance but it does not cover a trip to Canada. Is that right? Does this mean that you have insurance but while in Canada you are not covered? So, you would be covered up till the point you cross the Canadian line. [ what do they call it on the water, border, etc? ] Seems weird that your insurance can't be adjusted, such that you would be covered while over in Nova Scotia. The insurance industry is out of whack. I would think someone like you would be a good risk. It said in the paper this past week that the insurance companies did very well this year. No hurricanes in Florida or elsewhere. The Katrina thing put them back though. The politicians want the insurance companies to cover losses that are not covered by the policies. I saw one on the news where these two policemen wanted their house covered, it was flooded. They said it was wind damage. What a load of bull. The house was underwater after the flood in New Orleans. Why didn't they have flood insurance? Oh,, they said they forgot to get it. Sure ... sure. But the pols wanted them covered and a corrupt judge in Lousiana [ corrupt? Lousiana? .. your kidding Tom ] said oh sure,, they should be covered. Now... you and me and everyone else is paying for this nonsense. "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 |
#6
posted to rec.boats.cruising,alt.sailing.asa
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Oh, Canada
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 |
#7
posted to rec.boats.cruising
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Oh, Canada
"Roger Long" wrote in news:45eeebaa$0$17002
: However, I have a new cruising partner Aha! Now we know why you can't afford the insurance....hee hee. Congrats, Roger. Take her cruising Titanic, instead. We all enjoyed that one! Larry -- How much price inflation is caused by illegal aliens gobbling up goods and services, creating shortages for the natives? I heard 40%! |
#8
posted to rec.boats.cruising,alt.sailing.asa
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Oh, Canada
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 |
#9
posted to rec.boats.cruising
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Oh, Canada
Larry ,, maybe Roger is just looking for an excuse to remain tied to the
dock! If I see a boat up there near Portland with "If this Boats a Rockn ,, don't come a knocking" .... .... "Larry" wrote in message ... "Roger Long" wrote in news:45eeebaa$0$17002 : However, I have a new cruising partner Aha! Now we know why you can't afford the insurance....hee hee. Congrats, Roger. Take her cruising Titanic, instead. We all enjoyed that one! Larry -- How much price inflation is caused by illegal aliens gobbling up goods and services, creating shortages for the natives? I heard 40%! |
#10
posted to rec.boats.cruising,alt.sailing.asa
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Oh, Canada
Wilbur Hubbard wrote:
A nice long simplistic tirade hardly worth repeating here. I would be perfectly happy to take full responsibility for my own actions and go bare. However, insurance covers a lot of other things, like the boat sitting unattended at a dock while you are shopping that I would like to be covered for. With current environmental regulations, the break up of the boat could expose you to costs way beyond the price of the boat. The only way to get insurance for those things is to buy the whole package. Losing the boat would be one thing, spending the rest of my life destitute or delaring bankruptcy at my age would be another. I'll get the insurance and go to Canada when I can go long enough to justify the cost. This year, I'll still have a great time but just in different places. -- Roger Long |
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