Insurance

travler37 · #1 (**permalink**) 12-18-2008

Apoligizes to all that can not decifer my typing.......

My youngest daughter that is currantly working 40 hrs a week.going to comunity collage because it is cheeper and can tranfer credits...If you havnt done this you have no clue.

She is 18years old.And he CAR INSURANCE RATE is partiually figured on he CREDIT RATING!!!!!!!Now she is a child that has never before had to have credit..HINT...If you want her insurance rate to go from 1400 to $700 a year in NYS get her a credit card at 15.............

Now lets talk about your worried about your boat and pay insurance...or have a loan out and are forced to buy...

I am a child of the 70's.If i was worried about my car/boat i insured it...If not i took my chances and paid the price if someone else screwed up and hit my Bike/car/boat........

So i took responsibility for my stuff.
Drove real carefull and watched the other guy.
Price on a 1973 CHEVY VEGA and a Kawi 900zib was $75 per year for what the bank wanted,full coverage..boat was still in gramps name so.......Old mind thinks it was $40,000 in coverage for liability on the vics.When the loans were paid off.....drat..MN has gone to MANDANTORY INSURANCE.............Two years later the price on the same vics for just being sued and not paying for the vics was $187...........Am glad gramps estate was still covering the boat.

So now my daughter need a car to go to work...I,being the bad parent have ben to brain dead to look into it 2/3 years ago and figure out here INSURANCE RATES will be cut in half if she has good credit.........A 18 year old young adult has credit?????????am confused but realizes i screwed up and did not get her a credit card two years ago..........at 16???

So this is a RANT...........
YUP,And a story behind it.Man on the dock next to me had a bow line part after a month he had not even cheacked on his boat.his lack of concern damaged my/gramps boat...

I took the parted piece of 3/4 inch and ADVISED him that it would HURT MORE if he did not take care of HIS BUSINESS...That was 30yrs ago.The man is in his 70's now and still sailing out of DULUTH,MN....AND YES.WHEN I GO HOME WE BUY DRINKS FOR EACH OTHER...........
Mark

as for MANDANTORY INSURANCE? If your concerned about it insure it..leave my kids and me alone!!!

travler37 · #2 (**permalink**) 12-18-2008

Man spend 2 days buffing out MY/GRAMPS hull where they made contact..and i stil respect him for that.
mark

travler37 · #3 (**permalink**) 12-18-2008

So at end of rant,,,,,,
Why do we have MANDANTORY INSURANCE?

if you are worried about it insure it...Otherewise take your chances.
mark

AdamLein · #4 (**permalink**) 12-18-2008

We have mandatory insurance because we also have laws against indentured servitude and debt bondage.

In other words, if I break your stuff, I'd better be able to pay for it. Either I have insurance, or I give you cash, or I go into debt.

In our society, debt bondage (a contract by which I work off my debt) is forbidden. Because not everybody has sufficient assets to pay damages -- because damages are inflated by excessive litigation -- the government forces me to buy insurance.

In a moral society, I would be free to enter into a voluntary contract with you to work off my debt, mediators would be available to permit a fair contract negotiation process, the courts would enforce the contract, and everybody else would be free from coerced insurance.

A moral society would be a much more challenging society to live in.

travler37 · #5 (**permalink**) 12-18-2008

Quote:

Originally Posted by AdamLein

We have mandatory insurance because we also have laws against indentured servitude and debt bondage.

In other words, if I break your stuff, I'd better be able to pay for it. Either I have insurance, or I give you cash, or I go into debt.

In our society, debt bondage (a contract by which I work off my debt) is forbidden. Because not everybody has sufficient assets to pay damages -- because damages are inflated by excessive litigation -- the government forces me to buy insurance.

In a moral society, I would be free to enter into a voluntary contract with you to work off my debt, mediators would be available to permit a fair contract negotiation process, the courts would enforce the contract, and everybody else would be free from coerced insurance.

A moral society would be a much more challenging society to live in.

sounds good,
Did you cut and paste this?

So now in the real world that my daughter can not afford to pay for car insurane/maintence /no car payment because i gave her the said car.........rent utilities...ect.......

Why,
because she is a well trained driver and the rest are not???

Take previous and say i a am a good CAPTAIN,,take care of busuness.......why is it MANDANTORY i cover those that are not???
My Question To You Sir
MARK

AdamLein · #6 (**permalink**) 12-18-2008

Quote:

Originally Posted by travler37

sounds good,
Did you cut and paste this?

Thank you, no.

Quote:

why is it MANDANTORY i cover those that are not???
My Question To You Sir

As stated, it's the only way to ensure that damages are covered in a society where the person at fault can't be forced to work.

Imagine if some dude with a powerboat plowed through your anchorage while partying and hit you hard enough to, I dunno, knock your mast down or do some serious structural damage... and suppose his boat sank in the process. Suppose he had no way of paying for the damage he caused basically as a result of his being an idiot. What would you do? He's got no assets and no credit, you can't even get anything for his boat if he were to give it to you, you're not allowed to get him to work for you to pay for the damages, and the government never forced him to get insurance. You're screwed.

travler37 · #7 (**permalink**) 12-18-2008

Quote:

Originally Posted by AdamLein

Thank you, no.

As stated, it's the only way to ensure that damages are covered in a society where the person at fault can't be forced to work.

Imagine if some dude with a powerboat plowed through your anchorage while partying and hit you hard enough to, I dunno, knock your mast down or do some serious structural damage... and suppose his boat sank in the process. Suppose he had no way of paying for the damage he caused basically as a result of his being an idiot. What would you do? He's got no assets and no credit, you can't even get anything for his boat if he were to give it to you, you're not allowed to get him to work for you to pay for the damages, and the government never forced him to get insurance. You're screwed.

Sir,
If i was worried about my boat that a party boat was going to TOTAL IT I WOULD INSURE IT.............As would any responsible owners that were not singlehanding it.If i invite guests on board or in my car i have a rsponsibility to them...now days.If not you are responsible for your own actions getting onsaid boat.....WAIT..70's speak.

OR should all or just take there chances on the hard or on the water.....Do you want me to do the math for my daughter at her point in life?
My thoughts
Mark

AdamLein · #8 (**permalink**) 12-18-2008

So you're okay with your insurance paying for damage caused by somebody's else's actions? I am not, and I suspect most property owners agree with me. I have insured my boat, but I don't expect my policy to pay out for damage caused by somebody else.

That said, my insurance company doesn't expect that either, so it's nice to know that they'll go after the guy who did it. But still, if they find him and he has no way to pay for the damage: then will my insurance pay? I'm actually not sure about that one.

WouldaShoulda · #9 (**permalink**) 12-18-2008

Quote:

Originally Posted by travler37

...as for MANDANTORY INSURANCE? If your concerned about it insure it..leave my kids and me alone!!!

If you, your kids or your car are damaged, destroyed or killed you feel as though it is your responsibility alone to make yourself whole again.

Is that what you are saying??

travler37 · #10 (**permalink**) 12-18-2008

Quote:

Originally Posted by AdamLein

So you're okay with your insurance paying for damage caused by somebody's else's actions? I am not, and I suspect most property owners agree with me. I have insured my boat, but I don't expect my policy to pay out for damage caused by somebody else.

That said, my insurance company doesn't expect that either, so it's nice to know that they'll go after the guy who did it. But still, if they find him and he has no way to pay for the damage: then will my insurance pay? I'm actually not sure about that one.

yes i am ok with my insurance paying for my coverage...

No fault...as in it does not matter who was at fault.the SHAME most of us have ben fead...

so your NO-FAULT coverage is what?
Versus aall of us have that are MANDATED TO PAY?

Sir,
Have you even done the math from there/insurance figures.much less other not so sided figures?
Mark