A few boats heading south from Florida, most doing around 10 knots so motorboats I think
I can't see any posts driven into the mud holding the marina together seems they just kept adding with pontoons in that area , dunno maybe Trump will pay for the insurance.
As the hurricane is heading straight for Trump's resort in Florida - I expect a very generous rebuilding package
that's not a marina , but a hurricane hole anchorage with the charter fleet squeezed in there. seems winds peaked at 354 km/hr pretty hard to get through that undamaged
Select to expand quotetomooh said..
that's not a marina , but a hurricane hole anchorage with the charter fleet squeezed in there. seems winds peaked at 354 km/hr pretty hard to get through that undamaged
That should buff out ok, good as gold.
Ramona,
From the islands that were in the path the reports indicate partial/complete destruction of the infrastructure, some inhabited low lying islands were completely submerged in the storm surge . There is a live thread on Anarchy about IRMA with a lot of detail on the impacted islands and marinas.
The pic above I believe was taken in the lull before the winds backed to a more destructive direction, so the damage may be worse than depicted above.
There is also another Hurricane formed behind IRMA that is being monitored closely.
Areas outside the path are fine, ie: Grenada is untouched.
Good luck mate, I hope it all works out.
With a fleet that size there wouldn't be too many options of what to do if a storm was coming
When i grew up in Cairns i remember when a cyclone was coming a lot of boats would hide up in the mangroves to ride it out but Cairns has been lucky in never in recent years taking a direct hit
When we were kids i remember being excited when cyclones were tracking towards Cairns but disappointed when as they neared the coast they would normally head a bit more south but later on when i was in my 20's were caught the edge of one which did some minor damage to the house and that was bad enough for me
Regards Don
G'day Ramona,
From the Anarchy thread, some details on Jose's expected path as well as Irma.
You could be like the surfer dudes that go out on the tail to get all the excitement!
The pictures above of the catamarans is apparently from 2015. Cruise ships operate out of the hurricane seasons so they will be adding income for the locals!
This is a link to the area shown in the first photo
bvimarineassociation.com/downloads/1607PARAQUITA BASE PLAN 26 Jun17.pdf
Regards Don
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
Select to expand quoteshaggybaxter said..
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
A person i know in the building industry was told that the insurance companies that you and i insurance with have insurance policies with other larger companies and when a natural disaster happens where there is going to be lots of claims made against with them they will then claim on their insurance
If this is the case i wonder if our insurance premiums here will increase if insurance companies over their have to pay out lots of money and the larger company they re-insure with decide they need to recoup some of the money they have paid out
Not sure that i have made myself clear but hopefully i have
I think this is what i am talking about agents.insurancequotes.com/general/reinsurance-who-insures-the-insurance-companies
Regards Don
I will be in St Martins in November. There are going to be some cheap boats!
hajozas.hu/magazin/kulfold/florida-irma-a-valaha-latott-legerosebb-hurrikan/
Select to expand quoteDonk107 said..shaggybaxter said..
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
A person i know in the building industry was told that the insurance companies that you and i insurance with have insurance policies with other larger companies and when a natural disaster happens where there is going to be lots of claims made against with them they will then claim on their insurance
If this is the case i wonder if our insurance premiums here will increase if insurance companies over their have to pay out lots of money and the larger company they re-insure with decide they need to recoup some of the money they have paid out
Not sure that i have made myself clear but hopefully i have
I think this is what i am talking about agents.insurancequotes.com/general/reinsurance-who-insures-the-insurance-companies
Regards Don
All insurers use reinsurance to spread the risk. Reinsurance companies are global so as they pay out anywhere they spread the costs over their global market. So yes, our premiums are affected by such incidents.
I worked in reinsurance and insurance as a management consultant. One thing I took out of that experience is that less than 20% of a insurance premium goes to underwrite the risk. The rest goes into peoples pockets in commissions and bonuses. So if you insure a boat for $65,000 for a $1,000 premium $200 is actually underwriting the risk. That is, the chance the insurer places on you claiming a full loss is 325/1. By putting an excess on smaller claims, having no claims bonuses they can cancel and that they can increase your premiums if you make a claim, they encourage you to not make smaller claims.
This convinced me to only insure those risks that would have a major life impact. If I can afford to lose it I don't insure it as the cost is far far in excess of the risk/probability of using it.
Select to expand quoteMorningBird said..Donk107 said..shaggybaxter said..
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
A person i know in the building industry was told that the insurance companies that you and i insurance with have insurance policies with other larger companies and when a natural disaster happens where there is going to be lots of claims made against with them they will then claim on their insurance
If this is the case i wonder if our insurance premiums here will increase if insurance companies over their have to pay out lots of money and the larger company they re-insure with decide they need to recoup some of the money they have paid out
Not sure that i have made myself clear but hopefully i have
I think this is what i am talking about agents.insurancequotes.com/general/reinsurance-who-insures-the-insurance-companies
Regards Don
All insurers use reinsurance to spread the risk. Reinsurance companies are global so as they pay out anywhere they spread the costs over their global market. So yes, our premiums are affected by such incidents.
I worked in reinsurance and insurance as a management consultant. One thing I took out of that experience is that less than 20% of a insurance premium goes to underwrite the risk. The rest goes into peoples pockets in commissions and bonuses. So if you insure a boat for $65,000 for a $1,000 premium $200 is actually underwriting the risk. That is, the chance the insurer places on you claiming a full loss is 325/1. By putting an excess on smaller claims, having no claims bonuses they can cancel and that they can increase your premiums if you make a claim, they encourage you to not make smaller claims.
This convinced me to only insure those risks that would have a major life impact. If I can afford to lose it I don't insure it as the cost is far far in excess of the risk/probability of using it.
Well if they were smart they would not spread the premiums of high risk areas of the planet into low risk areas. All this does is subsidise the existence of insured vessels in areas that are likely to incur loss. While discouraging low risk activity. If they were smart they would balance risk against premium rather than washing it all together.
I agree about personal choices though. I only take out 3rd party insurance for cars cause I dont drive like an idiot and I dont buy expensive cars. For my boat I have comprehensive but I am dubious about continuing with it next year. As far a I can tell the only thing I am insured for is collission (which is the one cause I am least worried about). If any equipment fails and causes damage I am not covered and I dont think I am covered for a "named" storm/cyclone.
Select to expand quoteFelixdeCat said..MorningBird said..Donk107 said..shaggybaxter said..
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
A person i know in the building industry was told that the insurance companies that you and i insurance with have insurance policies with other larger companies and when a natural disaster happens where there is going to be lots of claims made against with them they will then claim on their insurance
If this is the case i wonder if our insurance premiums here will increase if insurance companies over their have to pay out lots of money and the larger company they re-insure with decide they need to recoup some of the money they have paid out
Not sure that i have made myself clear but hopefully i have
I think this is what i am talking about agents.insurancequotes.com/general/reinsurance-who-insures-the-insurance-companies
Regards Don
All insurers use reinsurance to spread the risk. Reinsurance companies are global so as they pay out anywhere they spread the costs over their global market. So yes, our premiums are affected by such incidents.
I worked in reinsurance and insurance as a management consultant. One thing I took out of that experience is that less than 20% of a insurance premium goes to underwrite the risk. The rest goes into peoples pockets in commissions and bonuses. So if you insure a boat for $65,000 for a $1,000 premium $200 is actually underwriting the risk. That is, the chance the insurer places on you claiming a full loss is 325/1. By putting an excess on smaller claims, having no claims bonuses they can cancel and that they can increase your premiums if you make a claim, they encourage you to not make smaller claims.
This convinced me to only insure those risks that would have a major life impact. If I can afford to lose it I don't insure it as the cost is far far in excess of the risk/probability of using it.
Well if they were smart they would not spread the premiums of high risk areas of the planet into low risk areas. All this does is subsidise the existence of insured vessels in areas that are likely to incur loss. While discouraging low risk activity. If they were smart they would balance risk against premium rather than washing it all together.
I agree about personal choices though. I only take out 3rd party insurance for cars cause I dont drive like an idiot and I dont buy expensive cars. For my boat I have comprehensive but I am dubious about continuing with it next year. As far a I can tell the only thing I am insured for is collission (which is the one cause I am least worried about). If any equipment fails and causes damage I am not covered and I dont think I am covered for a "named" storm/cyclone.
Aye, but Felix 3rd party doesn't get you into marinas or on to ther slips, so what's the point ? Competition sailing, maybe if you slam your not so expensive job into a brand new number, it might pay off ???
Otherwise comp insurance is only a marina prerequisite, to what end ? (
Select to expand quotewoko said..FelixdeCat said..MorningBird said..Donk107 said..shaggybaxter said..
Ouch. Firesale auction coming on a bunch of battered and bruised hulls, and a few cat companies will be getting a rash of new orders in the fall methinks.
Wonder what insurance premiums are like in BVI?
A person i know in the building industry was told that the insurance companies that you and i insurance with have insurance policies with other larger companies and when a natural disaster happens where there is going to be lots of claims made against with them they will then claim on their insurance
If this is the case i wonder if our insurance premiums here will increase if insurance companies over their have to pay out lots of money and the larger company they re-insure with decide they need to recoup some of the money they have paid out
Not sure that i have made myself clear but hopefully i have
I think this is what i am talking about agents.insurancequotes.com/general/reinsurance-who-insures-the-insurance-companies
Regards Don
All insurers use reinsurance to spread the risk. Reinsurance companies are global so as they pay out anywhere they spread the costs over their global market. So yes, our premiums are affected by such incidents.
I worked in reinsurance and insurance as a management consultant. One thing I took out of that experience is that less than 20% of a insurance premium goes to underwrite the risk. The rest goes into peoples pockets in commissions and bonuses. So if you insure a boat for $65,000 for a $1,000 premium $200 is actually underwriting the risk. That is, the chance the insurer places on you claiming a full loss is 325/1. By putting an excess on smaller claims, having no claims bonuses they can cancel and that they can increase your premiums if you make a claim, they encourage you to not make smaller claims.
This convinced me to only insure those risks that would have a major life impact. If I can afford to lose it I don't insure it as the cost is far far in excess of the risk/probability of using it.
Well if they were smart they would not spread the premiums of high risk areas of the planet into low risk areas. All this does is subsidise the existence of insured vessels in areas that are likely to incur loss. While discouraging low risk activity. If they were smart they would balance risk against premium rather than washing it all together.
I agree about personal choices though. I only take out 3rd party insurance for cars cause I dont drive like an idiot and I dont buy expensive cars. For my boat I have comprehensive but I am dubious about continuing with it next year. As far a I can tell the only thing I am insured for is collission (which is the one cause I am least worried about). If any equipment fails and causes damage I am not covered and I dont think I am covered for a "named" storm/cyclone.
Aye, but Felix 3rd party doesn't get you into marinas or on to ther slips, so what's the point ? Competition sailing, maybe if you slam your not so expensive job into a brand new number, it might pay off ???
Otherwise comp insurance is only a marina prerequisite, to what end ? (
the idea is to stop people leaving there no longer viable boat sinking on someones marina leaving them with the cost of disposing of there unwanted vessel even with this in place it is still a regular occurrence in most marinas hence the boats going for free
Select to expand quotesouthace said..
This one requires some epoxy filler and bog!
Gee looks like some serious builders bog (red) in that thing to get some of its its curves.
Select to expand quoteboty said..
the idea is to stop people leaving there no longer viable boat sinking on someones marina leaving them with the cost of disposing of there unwanted vessel even with this in place it is still a regular occurrence in most marinas hence the boats going for free
It think it also greatly reduces the insurance premiums for the marina.
For some non media type reporting on Irma damage.
www.cruisersforum.com/forums/f158/florida-marina-damage-reports-only-please-190857.html
Select to expand quotedreamliner said..southace said..
This one requires some epoxy filler and bog!
Gee looks like some serious builders bog (red) in that thing to get some of its its curves.
I was thinking exactly the same thing. not such a glamorous boat once you scratch below the surface.
