SailNet Community - View Single Post - Insurance and cruising...
View Single Post
  #18  
Old 04-23-2013
Cruisingdad's Avatar
Cruisingdad Cruisingdad is offline
Best Looking MALE Mod
 
Join Date: Jul 2006
Location: Mobile Liveaboards
Posts: 9,894
Thanks: 3
Thanked 94 Times in 49 Posts
Rep Power: 10
Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough Cruisingdad is a jewel in the rough
Re: Insurance and cruising...

Quote:
Originally Posted by MikeOReilly View Post
Who is driving this increasing demand for higher liability coverage? Is it the marinas, or is it the insurance companies?

This issue frustrates me b/c the real risk involved in boating activities is exceedingly low. I've looked at the North America accident data, and the rates of recorded injury, damage and death are very low. Despite this, insurance demands seem to be climbing at a very steep rate.

Why?
I dont know. My guess is that they are trying to dissuade the derelicts from coming to their marinas. It is my understanding that when someone quits paying their rent (slip) and/or abandon the boat at your marina, it is a nightmare to get rid of it. My guess.

Brian
__________________
Sailnet Adminstrator & Moderator
Catalina 400 Technical Editor

2004 Catalina 400, Sea Mist IV (our boat, F/T Mobile Live Aboards in S FL and Keys primarily)
1987 Tayana Vancouver 42, Credendo Vides, (Mom and Pops boat, F/T Mobile Live Aboards in Puget Sound)

My Website:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow My Blog at:
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


Follow me on Facebook:

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook