Join Date: Jun 2007
Location: Grapevine TX
Thanked 5 Times in 5 Posts
Rep Power: 9
That idea of loser paying isn't really the best plan. Let's say a boat in the marina comes lose and bashes your boat. The boat owner doesn't have insurance, or money as far as you can tell, but the marina requires insurance to dock there.
Well you decide to make a claim against the marina but it's denied. So you sue the marina for the damages but they're insurance company sends in a pack of lawers that prove the contract you signed stated that the marina wasn't liable for damage to your craft and they had proof of insurance, two years old mind you, of the boat in question.
You lose the suit and by the way here's a bill for $250,000 for the marina and insurance company's legal fees. Pretty soon unless you knew you had a 100% chance of winning a lawsuit, you'd never even try. Companies all over would get pretty lax in they're due diligence. Why make boat owners prove anything, no ones going to sue as long as you write the leases right.
Shoots, insurance companies would look forward to going to court because with a little padding they're legal departments could become profit centers. In the end the victims of big companies or deep pocketed Aholes would suffer far more then they do now. We'd all pay far more then an extra buck for this and a little inconvenence when we want to do that.
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