Like Tree0Likes

Poker Runs, Egomaniacs With Too Much Money, and How Long Before

Reply
Old 01-21-2004, 08:03 AM
  #21
Registered
 
Formula Outlaw's Avatar
 
Join Date: May 2003
Location: In the Mountains
My Boats: was a 89" Formula 311-SR1
Posts: 11,772
Default

Frank, excellent point. Russ
Formula Outlaw is offline  
Reply With Quote
Old 01-21-2004, 10:55 AM
  #22
GLH
Platinum Member
Platinum Member
 
GLH's Avatar
 
Join Date: Dec 2002
Location: Burlington, VT
My Boats: Azimut
Posts: 15,267
Default

The problem is not the insurance industry, they asses risk and compute their liability spread over with other re-insurers. Read Warren Buffets letter to the shareholders last two years (2001,2002).
http://www.berkshirehathaway.com/letters/letters.html

The problem is lawyers filling "junk and frivolous lawsuits" (to quote the president in his state of the union address last night) that are filed in industrial quantities just in order to win one out of twenty, that covers costs for the other nineteen filings. The losing party should pay for the others fees to defend themselves that would stop the insanity. Every time these things are filed the insurance Co. incurs outrageous fees even if they win. Meanwhile our insurance rates (cars, home, boat, business...) go thru the azz and attorneys are going around in Sunseeker Predators both yours and thiers!!!

It's a great profession and we all need them but that "Personal Injury" insanity has to be stopped, it ruined the private plane industry in the 70's and is costing all of us a ton. Bush has hinted to revamping these things twice yesterday and had mentioned it last year also, if he gets back in in November I am fairly confident he will address it in his last term.
GLH is offline  
Reply With Quote
Old 01-21-2004, 10:59 AM
  #23
GLH
Platinum Member
Platinum Member
 
GLH's Avatar
 
Join Date: Dec 2002
Location: Burlington, VT
My Boats: Azimut
Posts: 15,267
Default

I haven't even touched the class action crap. anyone of you ever received a $0.72 check saying you won your class action lawsuit and here is your share!
GLH is offline  
Reply With Quote
Old 01-21-2004, 12:38 PM
  #24
Registered
 
tmager's Avatar
 
Join Date: Nov 2001
Location: Harrison Township, MI
My Boats: 2007 Sunsation Dominator SS
Posts: 199
Default

I just got a check for $.66 for a class action law suit against Sprint. What 1,000,000 customers, lawyers made $330,000? Stupid Stupid Stupid

Back to the Kilo crash waiting to happen, I don't think a company like Nationwide or State Farm are going to insure boats like that and I can't see that having an ill afffect on the recreation boaters like us. I don't even know who will insure stuff like that, but I bet it ain't cheap.
tmager is offline  
Reply With Quote
Old 01-21-2004, 01:32 PM
  #25
Diamond Member #001
Charter Member
Trade Score: (2)
 
C_Spray's Avatar
 
Join Date: Oct 2000
Location: Coastal North Carolina
My Boats: 2000 Formula 382 with Innovation 600's
Posts: 4,789
Default

While insurance rates hit everyone in the pocketbook, I really don't think that it is the key issue. The biggest concern I have is loss of freedom to enjoy my boat because of someone else's irresponsible behavior. If the performance boating industry gets together as a single community and polices itself, we will all stand a better chance of being able to defend our lifestyle when accidents happen. That being said, ALL OF US share the burden of being safe, responsible, and courteous boaters. That one time that one of us tears through a congested area, flips off a saleboter, hops in our boat with a beer in each hand or fires up with the Silent Choice open at 7:00 AM will make a far more lasting impression that the 99 times we were well-behaved. Police thyselves.

"Moses"
__________________
Retired! Boating full-time now.

Last edited by C_Spray; 01-22-2004 at 12:59 PM.
C_Spray is offline  
Reply With Quote
Old 01-21-2004, 02:58 PM
  #26
Moderator
Gold Member
 
ChrisK's Avatar
 
Join Date: Nov 2001
Location: Orlando
My Boats: Boatless... Damn...
Posts: 4,477
Default

Speaking of insurance, I just got my letter stating I will not be renued this year... isnt that nice... I now have about 30 days to find another company to insure me..
ChrisK is offline  
Reply With Quote
Old 01-21-2004, 09:36 PM
  #27
Registered
Thread Starter
 
JROMY's Avatar
 
Join Date: Dec 2000
Location: Cudjoe Key, FL USA
Posts: 961
Default

Some more great points.

Chris K - check with National Marine Underwriters 800-262-8467 on the insurance. They were half of what everyone else quoted me.
JROMY is offline  
Reply With Quote
Old 01-21-2004, 09:44 PM
  #28
Charter Member #319
Charter Member
 
Join Date: Oct 2000
Location: Pennsville NJ.
Posts: 3,974
Default

Quote:
Originally posted by C_Spray
or fires up with the Silent Choice open at 7:00 AM will make a far more lasting impression that the 99 times we were well-behaved. Police thyselves.

"Moses"
You had me till I got to this part. Can you say car alarm
bajabob38 is offline  
Reply With Quote
Old 01-21-2004, 09:54 PM
  #29
VIP Member
VIP Member
 
OldSchool's Avatar
 
Join Date: Dec 2001
Location: Florida
My Boats: Cigarette CC and Boston Whaler currently
Posts: 10,095
Default

Quote:
Originally posted by bajabob38
You had me till I got to this part. Can you say car alarm


ROTFLMAO!!!!!
OldSchool is offline  
Reply With Quote
Old 01-21-2004, 09:58 PM
  #30
Platinum Member
Platinum Member
 
CAP071's Avatar
 
Join Date: Jul 2001
Location: USA
Posts: 16,430
Default

Insurance will be the demise of Hi-PO boat sales in the future. Maybe that's why wellcraft went with fishing boats?
CAP071 is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
berns29scarab
General Boating Discussion
18
07-19-2008 04:01 PM
dreamer
General Boating Discussion
2
04-11-2005 06:32 PM
Audiofn
General Boating Discussion
64
04-22-2003 11:11 AM
bmpnugls
General Boating Discussion
3
10-02-2002 04:45 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 02:00 PM.


Copyright 2011 OffShoreOnly. All rights reserved.