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The LAST word in Offshore Powerboat (CAT & V) Insurance

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Old 03-16-2004, 07:33 PM
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Default The LAST word in Offshore Powerboat (CAT & V) Insurance

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
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Old 03-16-2004, 07:45 PM
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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.
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Old 03-16-2004, 09:52 PM
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Quote:
Originally posted by Maximus
Premium dosn't lie....... Very creative
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.
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Old 03-16-2004, 10:14 PM
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Quote:
Originally posted by GLH

The actuaries are not at the end of a bar at LOTO arguing
BTW all in fun
Ok, Will bar in VT work? You guys got lakes there?
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Old 03-16-2004, 10:17 PM
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Any bar DT if you need that precision.
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Old 03-16-2004, 10:19 PM
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We'll have to find one to accomodate big tigerrrs
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Old 03-16-2004, 10:25 PM
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Default Re: The LAST word in Offshore Powerboat (CAT & V) Insurance

Quote:
Originally posted by 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


Good Luck!!!!
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Old 03-16-2004, 10:54 PM
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Quote:
Originally posted by Downtown42
We'll have to find one to accomodate big tigerrrs
What does "tigerrrs" have to do with the difference in insurance premiums here? Enlighten me.
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Old 03-16-2004, 10:57 PM
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You just bought aTiger? Need lots of dock. That's all.
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Old 03-16-2004, 11:28 PM
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Quote:
Originally posted by Downtown42
You just bought aTiger? Need lots of dock. That's all.
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?
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