Yacht totally destroyed

Or better yet, we are supposed to give someone money because they lost a
yacht? Oh, poor little rich person who lost his yacht. Yeah right.


"Popeye" <TheSailor.TakeThisOut@Man.com> wrote in message
news:fpusu20fud@drn.newsguy.com...
> In article
> <8f89e069-c7df-465b-855b-c8712366e9a7.TakeThisOut@d21g2000prf.googlegroups.com>,
> manta.bay says...
>>
>>Hello readers please take a moment to view the following:
>>
>>A 17 m yacht "Melanie" was recently destroyed in a sudden and violent
>>storm, please go to
>>
>>http://www.lostyacht.org for pictures and more information. (this is a
>>donation site)
>
> I'm supposed to give you money because YOU had inadequate insurance?
>
> Right.
>
>
>
 >> Stay informed about: Yacht totally destroyed 

"DBS" <nospam DeleteThis @nospam.com> wrote:

>Or better yet, we are supposed to give someone money because they lost a
>yacht? Oh, poor little rich person who lost his yacht. Yeah right.

Not that I think one need feel any need to donate to such a site (and
posting it in this group is really lame), but "yacht" does NOT equal
"rich". People who can afford to go on cruises are usually better off
than those who live on boats.

>"Popeye" <TheSailor DeleteThis @Man.com> wrote in message
>news:fpusu20fud@drn.newsguy.com...
>> In article
>> <8f89e069-c7df-465b-855b-c8712366e9a7 DeleteThis @d21g2000prf.googlegroups.com>,
>> manta.bay says...
<snip>
>> I'm supposed to give you money because YOU had inadequate insurance?
>>
>> Right.

Most people who live on boats cannot afford insurance or no insurance
company will insure them.

Insurance companies do not want to pay out money, so they don't insure
anyone that they think might need to have money paid to them.
 >> Stay informed about: Yacht totally destroyed 

Rosalie B. wrote:
> Most people who live on boats cannot afford insurance or no insurance
> company will insure them.
>
> Insurance companies do not want to pay out money, so they don't insure
> anyone that they think might need to have money paid to them.

That's just plain ridiculous. I have several friends in the local yacht
club and every one of them has insurance. And, you are right that none
of them are "rich" but all of them are smart enough to get the proper
insurance policy. People that live on a boat without insurance and like
the idjuts that live in a house without insurance. That is expensive
too, but no one would consider doing it if they couldn't afford to lose it!

Just my $.02

--
Ray Contreras
=-=-=-=-=-=-=-=-=-=-=-=-=
http://www.coltri-usa.com
http://www.rayzplace.com
 >> Stay informed about: Yacht totally destroyed 

RayC <ray.TakeThisOut@rayzplace.com> wrote:

>Rosalie B. wrote:
>> Most people who live on boats cannot afford insurance or no insurance
>> company will insure them.
>>
>> Insurance companies do not want to pay out money, so they don't insure
>> anyone that they think might need to have money paid to them.
>
>That's just plain ridiculous. I have several friends in the local yacht
>club and every one of them has insurance. And, you are right that none
>of them are "rich" but all of them are smart enough to get the proper
>insurance policy. People that live on a boat without insurance and like
>the idjuts that live in a house without insurance. That is expensive
>too, but no one would consider doing it if they couldn't afford to lose it!
>
>Just my $.02
If they are docked at the yacht club, the YC will require them to have
insurance. Any boat that is docked in a marina that is aware of
liabilities will be required by the marina to have insurance.
Otherwise if the boat sinks in the marina, the marina will be required
to clean it up.

But while insurance companies will write insurance on nice new boats
that are nicely docked in marinas, they don't write affordable
policies for boats that are sailing around the world with just two
people on them. If they are going to write a policy, they want more
crew, and they don't want the boats out there doing anything that
could be construed has hazardous.

We can have insurance on our boat because we keep to certain areas
that the insurance company thinks are pretty safe and have the boat
out of the water in the winter.

And some people live in houses without insurance because they are too
poor to afford it or because the insurance companies won't let people
in certain areas buy it (like Florida).. Sometimes they rent because
they can't afford to buy. Mortgage companies, just like marinas
require you to have insurance. Being poor doesn't equal being an
idiot any more than being on a boat without insurance means that they
wouldn't like to have insurance that they can afford.

If all you know about is the yacht club, then I know more about this
than you do, as we've been associate members of the SSCA and also
members of several sailing lists not to mention living on our boat for
six months of the year for 10 years at least.
 >> Stay informed about: Yacht totally destroyed 

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 >> Stay informed about: Yacht totally destroyed 

In article <313030303137363647C3E57691.TakeThisOut@operamail.com>, Capt Mary Kidd says...
>
>The message <rKydnQx5z-QiAl7anZ2dnUVZ_gudnZ2d.TakeThisOut@wavecable.com>
>from RayC <ray.TakeThisOut@rayzplace.com> contains these words:
>
>> That's just plain ridiculous. I have several friends in the local yacht
>> club and every one of them has insurance. And, you are right that none
>> of them are "rich" but all of them are smart enough to get the proper
>> insurance policy. People that live on a boat without insurance and like
>> the idjuts that live in a house without insurance. That is expensive
>> too, but no one would consider doing it if they couldn't afford to lose it!
>
>Read the report,,, they did have the required 3rd party insurance.. but
>could not get fully comp.

NO. They danced around the issue by saying "ferro cement yachts are virtually
impossible to insure comprehensively".

That means it is available, but costly. Or, they did not want to buy insurance
with the deductible offered. It was THEIR choice of yacht and therefore THEIR
choice to ignore the consequences.

If I want to buy a house built with matchsticks, I'd better be prepared for the
posible problems it presents.
 >> Stay informed about: Yacht totally destroyed