[Boatanchors] Re Insurance Coverage On Vintage Gear

[WBob]

Oh insureance is a win win for the insurance Co...The profit 
is a function of the thruput. The more they pay the more 
they can charge for the service as the regulating 
organizations mostly look at that they making a fair 
percentage of throughput, not how much they save by not 
paying claims. So the more they pay, the more the can 
collect and the more they make. They just put up a facade 
that they are controlling the payout. A real racket..

WBob

Paul Manuel wrote:
> WARNING: This message is not really in keeping with the subject of the
> group, and I apologize in advance. Feel free to delete without reading.
> 
> --- "John L." <larry.asp@sympatico.ca> wrote:
>  >I work for an insurance company and we dont like paying
> 
>>>claims for the same thing over again. 
>>
> 
> In my experience, they don't like paying the FIRST time.
> 
> 
>>What we do like with policyholders are those who prevent losses ahead of
>>time  If you do get hit then you can show that you have saved the Ins.
>>Co. from a larger claim 
> 
> 
> Of course, our first concern should be what the insurance company likes,
> not the fact that we pay thousands of dollars a year and expect service in
> return. Is insurance the one business that tries to sell itself only to
> those who don't really need it? What a racket! 
> 
> Sorry about the off-topic post...Hopefully, this won't happen again, but I
> couldn't resist.
> 73,
> Paul K4PDM
> 
> 
> 
> 
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