Next message: Susan Meckley: "Re: lv-ab: licenses"
Al,
You may call it ridiculous but it is an incontrovertible fact. In fact both
policies are from the same company. These policies are for boats based in
the same geographic area (San Fran Bay) and the fiberglass boat (ours) has a
large offshore cruising area whereas the wood boat has to stay in the
confines of the bay. We have recent electronics, safety gear, and a couple
of dinghies that our friend does not have. Perhaps your company does not
charge extra for wood boats but given the fact that they are a bit more
risky to insure I'd be surprised. I'm not saying that wood boats are more
likely to sink but consider this. Take two boats, one glass and one wood.
Suppose the owners just walk away from their respective boats for a long
period of time. Which is more likely to sink at the dock due to neglect?
Properly maintained a wood boat is probably no more risky to insure than fbg
but the insurance company has no way of knowing how well an owner will
maintain a boat in the future.
Regards,
Dave Benjamin
Aboard S/V Entropy
A Freedom 39 catrigged ketch
Grand Marina, Alameda, CA
http://www.optimalsolutions.com/sailinks.html
>
> That's ridiculous! There's no difference whatever among the
> insurance rates
> or conditions for various building materials. There are, however, many
> other factors which may affect the final premium such as new replacement
> cost, equipment, nav area, lay-up period, etc, etc.
>
> Al Golden
> International Marine Insurance Services
>
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