SailNet Community - View Single Post - Sailboat perishes off Hatteras, USCG rescues crew
View Single Post
  #53  
Old 03-30-2013
jameswilson29's Avatar
jameswilson29 jameswilson29 is offline
Senior Smart Aleck
 
Join Date: Aug 2009
Location: Richmond, Virginia
Posts: 2,036
Thanks: 26
Thanked 64 Times in 59 Posts
Rep Power: 6
jameswilson29 is on a distinguished road
Re: Sailboat perishes off Hatteras, USCG rescues crew

My point, which was partly in jest, is that a particular company that suffers sufficiently significant losses will have to raise premiums.

Losing a $500K boat, assuming its a complete loss, will be a significant hit for whichever company insured it.
Reply With Quote Share with Facebook