|
|
|
Forums39
Topics40,032
Posts324,932
Members26,769
| |
Most Online4,031
Dec 15th, 2024
|
|
|
Posts: 147
Joined: October 2003
|
|
|
9 members (jazzgal, Kennys, MrEZgoin, StMartinFan, Buddyhog, deliveryskipper, Whale Tail, RickinAtlanta, 1 invisible),
1,028
guests, and
37
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
|
Joined: Aug 2017
Posts: 45
Traveler
|
OP
Traveler
Joined: Aug 2017
Posts: 45 |
Was looking at charters for May/June. Moorings has jacked their prices way up and are now $1k-2k more than TMM and DYC for the same week. Maybe the little guys will get some more business!
|
|
|
 .
|
|
|
|
Joined: Apr 2002
Posts: 7,228 Likes: 4
Traveler
|
|
Traveler
Joined: Apr 2002
Posts: 7,228 Likes: 4 |
DYC is not exactly a little guy! In fact they are larger than the Moorings worldwide.
G
|
|
|
|
|
Joined: Aug 2017
Posts: 45
Traveler
|
|
OP
Traveler
Joined: Aug 2017
Posts: 45 |
Yeah. Good point. was really referring to TMM.
|
|
|
|
|
Joined: Jan 2009
Posts: 283
Traveler
|
|
Traveler
Joined: Jan 2009
Posts: 283 |
New insurance premiums were just released and the difference is staggering. Expect another $500 tacked onto every charter. Of course with barely half the fleet likely this season competition will likely drive all companies prices higher soon enough.
|
|
|
|
|
Joined: Mar 2001
Posts: 1,296
Traveler
|
|
Traveler
Joined: Mar 2001
Posts: 1,296 |
I just asked my insurance company (Lloyds underwriter) and he stated that insurance renewal rates will increase for my sailboat by 90% to 110% for hurricane season 2018.
Wow!
|
|
|
|
|
Joined: May 2017
Posts: 27
Traveler
|
|
Traveler
Joined: May 2017
Posts: 27 |
We were told a month ago, ours (also Lloyds) would be going up 75% next year. I hope that wasn't just an estimate and that it doesn't change.
|
|
|
|
|
Joined: Jan 2011
Posts: 2,466
Traveler
|
|
Traveler
Joined: Jan 2011
Posts: 2,466 |
Kim
|
|
|
|
|
Joined: Dec 2007
Posts: 2,040
Traveler
|
|
Traveler
Joined: Dec 2007
Posts: 2,040 |
Insurance companies use major disasters as an excuse to raise rates. They make back the money they paid out on losses and then keep rates high for as long as possible after to keep profits high. Eventually competition comes back into the market and rates go down. Expect rates to normalize in 4-5 years absent a major storm.
|
|
|
|
|
|
|
.
