Re: higher the speed higher the risk
 

I think a lot of people in those $20k/120mph tunnels will wipe themselves out.

I'll bet you $100 an OL 42 GTX worth $700k with Sterlings that can push it passed 120 is cheaper to insure than any $700k Cat that can run 120, all other terms of the policy beiing equal (the "jack" factor is out of this comparaison).

And that will tell you how those actuaries with ALL the claims/lost data have analyzed the risk. :D

missunderstood
 

Just so you dont misunderstand me. I agree the V will most likely have a slightly lower premium but part of the equation is there are only 50 ol's that do that # vs 5000 small and mid size cats that do the #.

also,

Generalization...the guy age/maturity that can afford a 700k toy vs the guy that can buy a 20 to 100k 120mph hotrod.... I'm assuming you see my line of thought.

Let's ask RISKTAKER

Well Risktaker whats the deal?

Yahh what's the deal RT?

BTW Volume has nothing to do with it. It's data per similar boat insured compared to losses. The amount of boats of similar nature is just a divider it does not help, it comes to an average per boat.

Re: missunderstood
 

Slightly? :D

HA!
 

Premium dosn't lie....... Very creative

OK.."Data per similar" theres a lot more "similars" all the way round that do over 100+

Maximus

Think it's time for an insurance thread?

I'll give her a shot

How 'bout ya just line 'em up and hit the throttles to see who's fastest? That's all that counts :p

Re: HA!
 

Max I don't get it explain where an insurance company does not set premium according to risk all parameters being equal.

The actuaries are not at the end of a bar at LOTO arguing about x-dim they're looking at past claims and evaluate whats coming. Enlighten me where I am missing something.

BTW all in fun Max don't take it personally, this is all in fun but unfortunately based in facts. :D

And I'll up it to a grand if you would care.

On the side of a bar it does no one pays the bills there.

That leaves me out :(

Takes care of that.