re: Should insurance companies keep paying

quote:

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Oh, those poor, poor insurance firms that voluntarily offered boat coverage Which I’m sure isn’t cheap

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In comparison to many lines of insurance, as a percentage rate on value insured, hull insurance and mega yacht insurance is incredibly cheap considering the wide scope of coverage provided.

And contrary to what some here may think it’s one of the few sides of the industry that isn’t as sleezy when it comes to forking out funds for claims.