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post #36 of Old 05-02-2013
Maine Sail
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Re: NE Insurance Rates - Reasonable?

Quote:
Originally Posted by tommays View Post
The problem people seem to miss is liabilityis what really puts the insurance company on the hook


I been there and done that with Seafever as when i bought it anybody that put liabilityon it would have been out of there freaking mind
Very true...

In high school a friends older brother, 18 at the time, was involved in a car accident where a single mother lost both an arm and a leg and was in a coma for about three weeks..

His parents each assumed the other one had added the son to the insurance policy. They had not.

The woman's "uninsured motorist" insurance net very quickly evaporated. Her family and their lawyer then came after Rich and his family, what else it's America....

After five years of legal battle, and HUGE legal expenses, his family was found not liable, because he was 18 at the time. Unfortunately Rich was held liable for 50% of the damages. This even though anyone in their right mind, including the officers who responded, agrees it was 100% not his fault. Didn't matter to the courts... This award for damages included loss of income, medical bills etc. etc...

Rich is now in his late 40's, nearly 31 years later, and still paying, it's not a small garnish either..... Suffice it to say that having had no insurance costs Rich forever. There is no way he will ever be able to pay off the awarded damages unless he's making 500k per year, which he's not....

Insurance companies and lawyers don't care if you don't have insurance especially if you are able bodied and earning a paycheck any little bit helps and they can go after it.....

______
-Maine Sail / CS-36T


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