Insurance Hike.
John
up £35. When I phoned them I was told that all marine ins. had gone up by
40% this year.
Just how can they justify a hike as big as that? Or maybe they can't but do
it anyway.
J.H.
Chris Lowe
Insurers typically make their money investing premiums on the stock
market. the classic insurance model has cash in from premiums equal to
cash out for claims which the operating margin made from having the
money for on average 6 months. I was being told a year ago that
premiums were due to rise this year due to poor market performance over
the previous few years but that the fall had been delayed due to
competition between the insurers.
With the poor performance of investments recently I am not surprised
that the rates have gone up. the interesting thing will be if they come
down again once the world markets pick up
PyroJames
John <nova...@momo63.freeserve.co.uk> wrote in message
news:bfplkd$4sa$1...@newsg4.svr.pol.co.uk...
Hmm, count yourself lucky, people who have policies with Pantaenius are
facing similar rises _if_ their policies are being renewed. Even though I
have been with them for 5 years and never claimed, they won't renew my
policy without recent photos and a recent survey.
--
PyroJames
Some days it's just not worth chewing through the restraints.
Chris Lowe
try Haven Knox Johnson, they seem quite friendly
Tony Howard
>Even though I`have been with them for 5 years and never claimed, they won't renew my
>policy without recent photos and a recent survey.
My insurers require an out of the water survey every 5 years, although premium seems quite
reasonable, but my broker has warned a hike next spring but is not expecting ~35%, more like 20%.
Stefan Lloyd
"John" <nova...@momo63.freeserve.co.uk> wrote in message
news:bfplkd$4sa$1...@newsg4.svr.pol.co.uk...
Somewhat to my surprise, my insurance (Noble Marine, underwritten by
Commercial Union) has not gone up that much - something around 10%.
How can they justify it - well have you any idea what has happened to the
insurance companies over the last 18 months? Between asbestos claims in the
USA and the decline in stock market values (which is where they invest the
premiums) they are all bleeding money.
John
"Stefan Lloyd" <do...@spam.me> wrote in message
news:bfqtii$6r6$1$8300...@news.demon.co.uk...
>
>
John
go up which should cover the insurers losses, but for people who have never
made a claim then that's all profit for the insurers and they should not
raise the premium of these people. If they choose to dabble in the
stockmarket to boost even more their profits why should we cover their
losses?
J.H.
"Tony Howard" <to...@deletethis.thoward.plus.com> wrote in message
news:vbs1iv4f6gnq6foc9...@4ax.com...
James
> My point is: if someone makes a claim then fair enough, their premium
should
> go up which should cover the insurers losses,
So you think that each individual insurance policy should go up by the
amount claimed on the policy last year?
Is that how you think it works?
Nygel Gardner
At our (dingy) sailing club, recently, a member stupidly walked into a boat
trolley which was parked (surprisingly!) in the boat park. He is sueing the
club for damages because the club put the trolley there!!!! Or more
specifically I think he is blaming the club because there was no sign
warning him of boats and trolleys parked in the boat park!!!. He is set to
get several thousand pounds and believes it will not effect the club because
"the insurance will pay for it".
It is this unbelievable behaviour of people not accepting responsability
for their own actions and the growth of the no-win-no-fee compensation
culture that effects us ALL and puts up the insurance premiums for EVERYONE.
Needless to say this person is not very welcome at the club but should I
see him again I will pass on your concerns and explain to him that somebody
else is £35 out of pocket due to his appalling action.
Nygel
Simple Simon
"Nygel Gardner" <nygel....@ntlworld.com> wrote in message news:mhvUa.12472$T77.1...@newsfep2-win.server.ntli.net...
>
> At our (dingy) sailing club, recently, a member stupidly walked into a boat
> trolley which was parked (surprisingly!) in the boat park. He is sueing the
> club for damages because the club put the trolley there!!!! Or more
> specifically I think he is blaming the club because there was no sign
> warning him of boats and trolleys parked in the boat park!!!. He is set to
> get several thousand pounds and believes it will not effect the club because
> "the insurance will pay for it".
> It is this unbelievable behaviour of people not accepting responsability
> for their own actions and the growth of the no-win-no-fee compensation
> culture that effects us ALL and puts up the insurance premiums for EVERYONE.
> Needless to say this person is not very welcome at the club but should I
> see him again I will pass on your concerns and explain to him that somebody
> else is £35 out of pocket due to his appalling action.
That is exactly how socialism is supposed to work.
Socialism means not taking responsibility for one's
actions. Insurance is socialism pure.
Nobody is the blame for anything and everyone
pays for the most stupid and inept people society
has to offer. If you don't like socialism why do
you continue to vote for it? If you don't like
insurance why do you buy it?
S. Simon
John
"Simple Simon" <Pie...@Mincemeat.com> wrote in message
news:Frmdne_fEu7...@terranova.net...
Simple Simon
"John" <nova...@momo63.freeserve.co.uk> wrote in message news:bg1mn2$667$1...@newsg2.svr.pol.co.uk...
> Because if you're not insured you won't get into any marinas.
I've not been to a marina for over fifteen years. Who needs them?
Real sailors anchor out or use a mooring. Save your insurance
money. Just don't buy the stuff especially if it is because marinas
require it is all the more reason to just say "No".
S.Simon
paul cooke
it's trolls like you who give us so much trouble when they're involved in
accidents...
it is a requirement of our sailing club that all boats launched from the
club must have proper insurance. Our club rules state this in nice bold
letters. Our renewal forms have a declaration section on them that you must
sign when you are renewing or applying for a slot in the dinghy park or a
permanent berth. We used to actively chase people for their insurers and
policy numbers but have stopped this as it was putting too much
responsibility on us. Needless to say, if you subsequently do have an
incident and a claim is made against you and it is found that you have no
insurance, then you get tossed out of the club on your ear for failing to
comply with membership rules.
> S.Simon
--
COMPUTER POWER TO THE PEOPLE! DOWN WITH CYBERCRUD!
John
John.
"Simple Simon" <Pie...@Mincemeat.com> wrote in message
Simple Simon
"John" <nova...@momo63.freeserve.co.uk> wrote in message news:bg973f$jfg$1...@news7.svr.pol.co.uk...
> So where do you moor your boat during the hurricane season out there?
> John.
I have a thousand pound cast iron mooring in a sheltered
cove in a harbor on the bayside of the Florida Keys.
I've ridden out a couple of hurricans and several tropical
storms on my mooring. I worry more about marina boats
and marina docks coming down on me than dragging.
Marinas make you blokes pay insurance but I have to
wonder if one of their boats or one of their docks
broke lose and struck your boat moored out if their
insurance would pay. I bet not!