Originally Posted by PCP
What do you mean? I am only familiar with the ones here and they take into consideration the age of the boat, the type of boat, the navigation area, the sailor's experience and previous accidents. A good insurance company adequate the premiums to the risks. It is not like that in the US?
I suppose it is similar. They do have lots of statistics that they share portions of. But since I think insurance companies are basically evil I have to say that they will never be truly fair in pricing the cost for anyone. I don't know how the oversight is where you are. Here it is strictly regulated but they get away with "murder" all the time.