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  #11  
Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

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Originally Posted by chef2sail View Post
We just got our bill...Went up 33%
WOW! that's unbelievable. I can't wait to see the numbers justifying such an increase. Who do they think they are, health care insurers?
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Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

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Originally Posted by Jgbrown View Post
Funny how it doesn't go down when there aren't any claims. I'd like to see the numbers on claims paid out vs denied.


Is there going to be any type of registry where you can check and see if a boat was listed as written off as a result of this? I forsee a lot of these boats getting trucked somewhere, a cheap repair and flogged off without mention of the issues.
Well any boat that has been totaled will have the title flagged as "salvage" but taking the boats to different states may wash that out, since titles are issued by the states.
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Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

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Originally Posted by smurphny View Post
WOW! that's unbelievable. I can't wait to see the numbers justifying such an increase. Who do they think they are, health care insurers?
We need an Affordable Care Act for Boaters now
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Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

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I'd like to see the numbers on claims paid out vs denied.
I too am curious, particularly since this was a "named storm." I'd be willing to bet that many of the damaged/destroyed boats owners had policies that exclude payouts for damages suffered as a result of a named storm.
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Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

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Originally Posted by chef2sail View Post
We just got our bill...Went up 33%
Youse guys should check out getting insurance from Lloyd's of London - maritime insurance is their basic game and their risk is distributed worldwide.

For a 1/3 increase it's worth checking out.
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Old 01-08-2013
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Re: BoatUS: 65,000 boats damaged by Sandy

I have heard that Lloyd's underwrites a lot of the marine insurers so they will take the hit.
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