sy goldberg

International Water Safety Foundation is out of business and is in receivership.I guess their luck in avoiding US law finally ran out.I hope that nobody here has any "insurance" with them as you have no coverage and really didn't have much when they were operating.

cigracing1

Thank God i was tired of those faxes coming into our office.

WakezoneINS

I second that "Thank God"!

http://www.marketwire.com/press-rele...al-1340835.htm

sy goldberg

Be prepared,these dirtbags will probably show up again shortly under a different name and with bargain rates.

halfbuzzed

only deal with those you know whose reputations precede them, in a good way, lol

Elton Porter Insurance

Thanks for posting Sy!

VtSteve

Surprised they lasted that long. Unlicensed companies trading paper usually get caught by the state regulators. But some of us were on the ball some time ago

http://my.boatus.com/Consumer/sos0506.asp

sy goldberg

There is enough blame concerning IWSF.I saw many boat insurance buyers not caring about what company wrote the policy as long as it was the lowest price.I saw many banks accepting their binders without any knowledge of the company,and I saw many boat dealers in spite of my warnings didn't care about anything as long as they got a binder to complete the sale.Their demise is like getting rid of A kidney stone !

VtSteve

Absolutely Sy. On every board I've seen, a large number of people judge their insurance by how little they paid I always start to wonder about even known companies, when they suddenly appear on everyone's "cheap" list. I have wondered about a certain aggressive company that begins with a big p.

DaveP

Oh yeah...those douche bags that were going to sue me for slandering them....BUH BYE!