Sailing is dangerous - it's official

[ParaHandy]

Re: Sailing is dangerous - it\'s official

just tick the boxes, please, sir: name's not Maxwell?; boat's not Lady Ghislane?

hmmm ... thought not ....

it certainly is nothing to do with peppermint's fanciful ideas ... to load a premium by 50% means the risk is substantially greater which, in turn, means that either sailing itself or the sport within which sailing is grouped has a very nasty claims history. If you think of the risks associated with driving a car it seems incredible ... I wonder if it's that, statistically, there is a significant risk amongst those who include sailing as a pursuit ...

you didnae mark the noo fer old tick box, did youse?

 

[StugeronSteve]

Re: Sailing is dangerous - it\'s official

No, but his missus probably did.

 

[Evadne]

Nil carborundum illegitimati

I agree. In time, we may come to think that insurance is something of an expensive luxury in some areas of life, and then they'll be sorry. Back in the eighties, due to an oversight I sailed for a year without any insurance. The main difference was £100 less expenditure.

 

[tcm]

insurance considerations of arc entrant

hm, well i suppose that the insurancey people might feel that anyone planning to enter the arc is obviously intent upon killing himself? The fact that he is taking the missus and other family members surely confirms that this is a carefully planned suicide pact. This does beg the question why the heck he is taking out insurance since the lot of them will be dead but erm anyway.

Life insurance-wise for mortgages, i think yer can just start the life insurance and then ditch it after a while, heehee.

 

[Sans Bateau]

Re: Sailing is dangerous - it\'s official

On the issue of statisics, how many people have died as a result of sailing in the last, say five years, compared to, again, lets say going to a football match. I know deaths at footy matches tend to make the news, crowd disturbance etc, so you tend to get to hear about them. But are you expected to pay a higher premium because you go to football matches?

I have never been asked to pay a higher premium for life insurance and I have only just taken out a new policy. If I had been asked I would have looked elsewhere.

 

[Rob_Webb]

Even more dangerous = model yacht racing

Seriously, the other day the ACC here in NZ announced that model yacht racing is now classified as a dangerous sport after a spate of incidents with peeps slipping on ramps and jetties whilst putting playing with their model boats. So models are now rated as equally perilous to going to sea in the real thing!

 

[BrendanS]

Re: Even more dangerous = model yacht racing

Good grief <accredited to Snoopy>

 

[Ships_Cat]

Re: Even more dangerous = model yacht racing

A myth that ACC exploded (they are the statutory accident insurer here which employers pay the premiums of) is how dangerous, well undangerous actually, a job firemen have. Generally, people regard fire fighting as a very dangerous job and firemen actively promote that view for public sympathy purposes.

Until a few years ago the premiums were based on the specific job of the employee (it is now based on the industry not the specific job). The rate for firemen was exactly the same as the rate for florists - that rate was amongst the lowest for any job. Those I have known who worked in fire protection (not firemen, of course) maintained that the rate was indeed a fair assessment of the risk for firemen.

John

 

[misterg]

Re: Sailing is dangerous - it\'s official

Try sailing + climbing!

100% premium increase + exclusion of all risks associated with the above! - no bloody thanks!

Went to Norwich Union in the end - plenty of questions; no overt loading; exclusion of climbing related stuff, but final quote ~10% above the premium quoted by the original cherry-pickers.

Shop around - Tesco seemed OK, too (but I suspect they use NU anyway).

Answer is to take out life assurance at an early age, before you've developed any hobbies, interests, medical history or bad habits.

Andy

 

[webcraft]

Re: Sailing is dangerous - it\'s official

My life insurance used to have an (unspecified) loading for smoking and a 20% loading for microlighting. I stopped smoking and they refused to review the premium. Then I stopped microlighting and asked then to remove the excess for that, but they refused, so I stopped paying. Life insurance has always struck me as the one insurance gamble you can't possibly win.

My wife also had a policy. We bought it as whole of life policy, with an initial huge premium as when she took it out she had had cancer five years previously. After another five years the premium dropped sharply, and for a while it seemed like a reasonable deal. Then a few years later, a sudden large increase in premium with a drop in payout. When we looked into it we discovered that there was a tiny (pointless) savings element built in so they could get away with this. When questioned it turned out that they would regularly increase the premium and reduce the amoount as my wife's age increased . . .

Asked to explain this they said 'We can't predict the stock market'

We cashed in that policy and bought a liferaft with the proceeds. That's real life insurance.

Insurance companies are parasites and all employees and directors are assured of a place on the Golgafrincham B Ark.

Start your SKI holiday now and cash in your life insurance!

- Nick

 

[tcm]

Re: quite right too. life insurance

of course, life insurance is an horrendous deal on an ongoing basis. On a term insurance basis - where you just get insured against death in (say) the next 10 years makes more sense and much cheaper. Spending Kids Inheritance - by far the best plan.

 

[aidancoughlan]

Re: Sailing is dangerous - it\'s official

Ask for a discount, or shop around (this is one of the biggest scams going - you shouldnt have to use the insurance they provide - same with travel insurance)...

Also,Insurance prices are often flexible if they want your business. The wont charge you to ask.... (well, they might try