"Calif Bill" wrote in message
link.net...

"NOYB" wrote in message
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"Harry Krause" wrote in message
. ..
NOYB wrote:
"Eisboch" wrote in message
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"NOYB" wrote in message
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Could be. Of course, for 40 years down here in Naples, there hasn't
been a problem. Two bad years, and the insurance industry panics and
starts raping folks. Perhaps they should have been saving the money
they collected on those high premiums for a rainy day.

Florida is a big state. I remember reading that the area in which we
had property (Jupiter) had not had a direct hurricane hit in over 100
years at the time we bought.
Three years following our purchase, we got direct or near direct hits
three times.

Statistically, we have as high or higher probability of getting a
hurricane up here in MA this year as Jupiter does.


Right. But I bet that you don't have the same problem getting boat
insurance up there.




So...move...sell your boat...pay the premium.

Nope, nope, and already doing that.

As I said in my first post, this doesn't affect people like me who are
already insured. It affects new buyers...which will kill the boating
market. Reread the title. This isn't a personal bitch session. It
affects tens of thousands of people, and could end up affecting an entire
industry and the folks whose jobs rely upon that industry.




It may affect presently insured boaters also. Wait till renewal time.

The $3000 *is* my renewal cost. I was paying $2100...but that was before
the new motors added $30k to the insured value.



Look
at the increases in home and apartment insurance rates after Katrina.
Reading this morning that some $500k homes in New Orleans will go to $10k
a year in insurance. 400-500% increase in apartment building insurance
rates. Why should the people / government pay for peoples choice to build
in flood plains, etc. Lots of the river flood plains are now
non-insurable for federal flood insurance. Build on a beach and then cry
when the ocean takes your house, and figure that the rest of us will pay
to rebuild it. Bzzzt. wrong.

You and I already bail those folks out via the taxes we pay to the
"insurer-of-last-resort (a.k.a. the US Government). How many billion did
the Federal Gov't spend on Katrina?

Wouldn't it be simpler (yet, cost the individual taxpayer no more) if we all
paid into a national disaster relief insurance fund that reinsured the
insurance companies? It could be used to cover you guys in California when
the next brush fire or earthquake hits, the folks in the midwest when the
next flood or tornado comes along, people in Florida and the Gulf and
Atlantic states when a hurricane comes along, and the folks in the major
cities when the next terrorist attack occurs.