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Old 04-23-2013
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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
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