Maximus

OK , Let's get the experts to help us understand the TRUE mechanics behind the high premiums and the difference in premiums insurance companies charge for insuring offshore powerboats both Cats and V's

We would also like to know about the pitfalls to look out for when searching for insurance...the real stuff...fine print.

I know their are some Expert insurance agents (risk,sy) who can shed some light on premiums vs claims vs accidents

I believe that because its a luxury hobby the scale tilts against us?

Let's hear it.


M

GLH

Brought over from another thread;

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.

GLH

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.

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

Downtown42

Ok, Will bar in VT work? You guys got lakes there?

GLH

Any bar DT if you need that precision.

Downtown42

We'll have to find one to accomodate big tigerrrs

bajabob38

Good Luck!!!!

GLH

What does "tigerrrs" have to do with the difference in insurance premiums here? Enlighten me.

Downtown42

You just bought aTiger? Need lots of dock. That's all.

GLH

Mr. Brown you can buy one to verify if you have a problem with dock allotment at your bar, they sell them to anyone obviously.

Do you have a point here regarding what we're talking about or are you just as non consequential as downtown Wales, WI?