Like Tree0Likes

Got my new insurance quote, Want to buy a Motion?

Reply
Old 03-15-2005, 02:40 AM
  #81
Charter Member # 430
Charter Member
 
kcgbjc's Avatar
 
Join Date: Nov 2000
Location: Orange County, So Cal!
My Boats: None, sucks!
Posts: 288
Default Re: Got my new insurance quote, Want to buy a Motion?

Sy told me last year that they were going to be direct insurer's. What happened?
__________________
Chris Johnson
Armed Forces Racing
www.armedforcesracing.com
kcgbjc is offline  
Reply With Quote
Old 03-15-2005, 07:40 AM
  #82
Platinum Member
Platinum Member
 
Chuck's Avatar
 
Join Date: Apr 2001
Location: Saratoga Springs, N.Y.
My Boats: None, but paid for one! Beware of Frisini / Sonic / Arrow Powerboats
Posts: 2,910
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by open72
the accident that happened on tampa bay too last year. the man who owned the resteraunts in that spectre , and the accident in biloxi with the oss race .
Not a Spectre, just painted at Spectre. Not that it matters but just wanted you to know.
Chuck is offline  
Reply With Quote
Old 03-15-2005, 08:09 AM
  #83
A to Z
Platinum Member
 
Sean H's Avatar
 
Join Date: Apr 2004
Location: KC/LOTO
Posts: 9,156
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by Griff
was there even a claim on this??? I thought they had it flipped back over and running by the end of the same day. I don't recall any injuries either.

i think he just bolted some new motors on it and dried the interior out... i am not sure about a claim or not... but i am sure insurance companies love seeing pics of upside down cats...
Sean H is offline  
Reply With Quote
Old 03-15-2005, 08:23 AM
  #84
Platinum Member
Platinum Member
 
CigDaze's Avatar
 
Join Date: Jun 2001
Location: St. Petersburg, FL
My Boats: Cigarette 35 Cafe Racer
Posts: 21,346
Default Re: Got my new insurance quote, Want to buy a Motion?

Let's face it, insurance companies are not charitable institutions. If they can't make money on you, they won't bother writing the policy -- or if they do, it's going to cost you -- Big!

Remember, you're not paying for your potential losses, you're paying for the losses of others like you, in years past.

Let's think back during the past couple years, it's become almost a monthly occurance for some jackazz to go and kill themselves, along with others, and destroy their boats.

We've all seen the pictures and read the stories here.
Sad but true -- guess who's paying for that now?...Me and You.
CigDaze is offline  
Reply With Quote
Old 03-15-2005, 11:38 PM
  #85
Registered
 
fatdaddy's Avatar
 
Join Date: Jun 2002
Location: New Jersey
My Boats: 2003 Baja 33 Outlaw
Posts: 2,098
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by SLINGSHOT
5500 to fully in sure my bourgets...(60k) so its all realtive
Mike, seems high. I've got my Fatdaddy insured for under $2k. Ric
fatdaddy is offline  
Reply With Quote
Old 03-15-2005, 11:43 PM
  #86
Registered
VIP Member
Thread Starter
Trade Score: (2)
 
LubeJobs42's Avatar
 
Join Date: May 2002
Location: Fort Lauderdale
My Boats: 44 MTI 39 MTI 35 MOTION 16 DONZI
Posts: 3,594
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by fund razor
What this thread needs is Geno's stepmom to chime in saying that he can afford it and that he is just complaining.

Couldn't resist Geno. Don't be mad.

You suck!! She got everything! Do you think I could hit her up for a loan. This board has brought us a lot closer!!!LOL! Before her post, I haven't heard from her since 1988. It brought back so many warm and fuzzy memories. What were that channces of that!! she's in London!!! Only on OSO!!!
LubeJobs42 is offline  
Reply With Quote
Old 03-16-2005, 12:05 AM
  #87
VIP Member
Platinum Member
 
wwwTOPDJcom's Avatar
 
Join Date: Mar 2002
Location: Vestal/Binghamton NY
My Boats: 1992 450hp Senza Spectre 25'
Posts: 3,477
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by Lime Disease
Try to get insurance on a crotch rocket. IF you can your looking at 5k insurance on a 10k bike At least the boat ins.is
high dollar coverage. No cat in my future and I want one bad.

$84 for my GSXR750 , no collision, it was way too much $
my last insurance company stopped selling for high perf bikes. try getting it for a Busa or faster bike
wwwTOPDJcom is offline  
Reply With Quote
Old 03-16-2005, 12:16 AM
  #88
Registered
 
PhantomChaos's Avatar
 
Join Date: Dec 2000
Location: Bell Canyon, CA
My Boats: Formula FASTech 382 Sunseeker Apache 45
Posts: 12,756
Default Re: Got my new insurance quote, Want to buy a Motion?

To cover a single $2M loss....the market isn't that big! Do the math.

2,000,000 / 12,886.54 = 155 boats

They would have to insure 155 boats at that rate just to pay that one loss!
PhantomChaos is offline  
Reply With Quote
Old 03-16-2005, 11:47 AM
  #89
Registered
VIP Member
Thread Starter
Trade Score: (2)
 
LubeJobs42's Avatar
 
Join Date: May 2002
Location: Fort Lauderdale
My Boats: 44 MTI 39 MTI 35 MOTION 16 DONZI
Posts: 3,594
Default Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by PhantomChaos
To cover a single $2M loss....the market isn't that big! Do the math.

2,000,000 / 12,886.54 = 155 boats

They would have to insure 155 boats at that rate just to pay that one loss!
There are hundreds of thosands of boats insured annually. What do you think the percentage is of these boaters that actually have claims. How many boaters, Like myself have been paying for 15 years and have never had a claim? Also, they wrote the $2,000,000 policy. I don't think it's fair that we should have to cover that loss. My liability is only $300K and replacemant value is $250K. So basically, they are charging 5% of the value. I'm sure ther are years that insurance company claims are lower then others. I don't remember ever getting a refund. If you look at it from a differant point of view, look how many homes were destroyed in Florida or homes burned by forest fires in California. I know these were major hits for the insurance companies. Why aren't they raising homeowners to 5% of the homes value? I just find it hard to believe these few big, unfortunate claims should effect all of us. The other problem is, Once they raise the premiums as high as they are now, theres no going backwards. We know we are going to pay "at least this" Probably more every year to come.
I know this is an expensive hobby. I have no choice to pay the premium. I just think at these rates there are going to be more people going without insurance.
LubeJobs42 is offline  
Reply With Quote
Old 03-16-2005, 01:29 PM
  #90
Registered
 
Cat man do's Avatar
 
Join Date: Oct 2001
Location: omaha,nebraska
My Boats: ELIMINATOR
Posts: 454
Re: Got my new insurance quote, Want to buy a Motion?

Quote:
Originally Posted by ChrisK
If a 21 year old kids can AFFORD a 36' Nortech then he can afford the insurance to go with it!

THATS NOT THE POINT, BEING OVERCHARGED IS.
Cat man do is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
kickin32
Insurance and Finance
5
08-12-2008 03:30 PM
jmoore1225
Insurance and Finance
2
06-19-2008 01:20 PM
bestboxer26
Insurance and Finance
5
04-13-2008 11:38 PM
baja_daddy
General Boating Discussion
13
01-17-2003 07:40 AM



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 10:00 PM.


Copyright 2011 OffShoreOnly. All rights reserved.