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ready for a cat..... CANT GET INSURANCE

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Old 12-01-2005, 12:12 PM
  #51
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Default Re: ready for a cat..... CANT GET INSURANCE

DO NOT GET INVOLVED WITH THE IWSF ! Ihave the paperwork to back up my statement and their"coverage" goes through Canada,then to England,and then ends up in Panama.
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Old 12-01-2005, 12:37 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

Sy,

Do any of your carriers offer v-bottom discounts for taking Tres's class?
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Old 12-01-2005, 01:05 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

The course is one of several factors used to obtain a quote,but MARKEL is the only company that assiigns a direct discount for that particular course.I'm working with another of our carriers for a similar credit.
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Old 12-01-2005, 01:07 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

What are you supposed to do when the insurance companies
have a strangle hold on the cat industry.
I believe it was Speed2Lead that had a 30 w 300's and was
paying 3k last year now he had to sell because ins jumped
up to 6k thats a little steep wouldnt you say.
(Read his post first before commenting)
Dont get me wrong I believe that a 12k a yr premium is justified on the higher end cats (value and speed) but to put the smaller less expensive cats in that category isnt right.
6k a year for a cat that is a quarter of the cost but yet its half as much to insure.? And in some cases more like an 1/8 of the cost.

When the consumer finally says "thats enough" they take action in this case looking towards outside
US Insurance Companies or they take a stand against the institution.

Power to the Boaters!!!!




But then again Im no Insurance agent so
what the hell do I know

Last edited by ChiToWn TapouT; 12-01-2005 at 01:18 PM.
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Old 12-01-2005, 07:33 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

Sy,

Are you working with ACE to get a discount in place? That is who you have me with at this time.
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Old 12-01-2005, 10:22 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

Yes !
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Old 12-01-2005, 11:05 PM
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Default Re: ready for a cat..... CANT GET INSURANCE

Thanks for the info.
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Old 12-02-2005, 02:52 AM
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Default Re: ready for a cat..... CANT GET INSURANCE

Do a search on these guys. There were cease and desist orders. I got a great quote last year. They were very quick and receptive. I then asked if they were licensed to insure in California and they clammed up. BE VERY CAREFUL!!

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fax: 1 888 346 4674

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Old 12-02-2005, 07:59 AM
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Default Re: ready for a cat..... CANT GET INSURANCE

Gordo,

Thank you for your contributions to the Auxiliary and commitment to safe boating.


ChiTown,

What we are supposed to do is reduce the number of incidents which require insurance settlements. While, I am not familiar with the insurance business I am familiar with risk modeling. With risk exposure factored by speed and frequency at speed we have to mitigate with experience and training.

If we as a performance boating group demonstrate our united commitment to safe and responsible boating with a reduction of claims the numbers will reduce the cost of proper insurance.

The terminal performance objective is not 10% off your premium, but to equip boat operators with the knowledge, skillís, and abilities to operate safely ultimately saving lives, property, and our boating life.

Tresís course should and may receive a higher discount factor than 10% because at 10% it is par with the NASBLA courses and its value to operators is far above what the other courses offer. Again, I am not discounting the value other boating safety courses but highlighting the extra benefit received by the targeted teaching Tres offers.
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Old 12-02-2005, 08:48 AM
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Default Re: ready for a cat..... CANT GET INSURANCE

RE: IWSF I know insurance agents that got huge fines for writing something that seemed to be some type of policy.i have a friend that was a New Jersey agent for them who had his office door broken down by the FBI,his computer seized,his insurance licensed revoked,and fined $5,000 by the state insurance commission.I was just approached by them again to be an agent for them and was told that my commision payments could be 30%.I know I'm old,but I'm not senile yet. I hope that nobody is "insured" by them,and if you are I would suggest that you keep your paperwork from them in a safe place like in your bathroom in the roller that holds really important paper.
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