"NOYB" wrote in message
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"Calif Bill" wrote in message
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"NOYB" wrote in message
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"Harry Krause" wrote in message
. ..
NOYB wrote:
"Eisboch" wrote in message
...
"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.



Lots of places that the government will not help the victims of natural
disasters. All those river flood zones along the Mississippi River that
used to flood yearly or so and still do. The Fed's told them last payment.
Lots of the Louisiana rebuilding by the Fed's is total vote pandering. Why
should we gift money for a new house and life to someone. Guarantee a loan
maybe, but not give them a house. Help the state with infrastructure
rebuilding, but not total payment. We are still paying into funds to
rebuild the San Francisco-Oakland Bay Bridge. How come the Fed's did not
pay for all that? If you want the Fed's to bail out people who build on
flood plains, and next to the beach where global warming and wind storms
will damage the property, maybe the Fed's should have a veto in zoning?
Where are State and local rights then?