Has any body or boating group tried to self fund total loss or 3rd party insurance to comply with marina or slip reqiuements it seems to me that I would contribute to a fund that would provide this .For example by self managing a trust a/c by 500 users contributing 500 each per year with strict qualifying rectrictions I am sure it could be managed and many insurance cos would underwrite it .Any thoughts or volunteers to manage it I am happy to apply my considerable expertise in any way 500 by 500 is a considerable amount and this is yearly It would mean involment by subscribers to examine and assess new subscribers and claims and some legal work which I am sure someone out there can supply.I am sick of dud insurance cos and bad mannered marin/slip managers .Ther must be a better way for us good permanent users of sound boats without paying for other proples ripoffs and stuffups

Seabreeze insurance group ????

But my comprehensive policy with 10 million liability cover only costs $400 per year so $500 seems expensive.

There are examples of "pools" taking some of the risk of a group of participants but it's an awful lot of admin.

You could design an arrangement where the pool takes the first, say, $10,000 of any claim and anything above that is underwritten by an insurer.

A flat rate premium would be a great deal for owners of large, expensive boats or those with poor claims experience but unattractive for those at the other end of the scale. You'd need a sensible scale of charges, which would be tricky to work out.

You also run the risk, especially in the early years of a bad run of claims - who pays if claims exceed the money collected?

One thing that is possible is presenting a large block of good quality business to a quality broker and getting them to set up a special deal.

In my mind, a few things that would make such a group of boats attractive might be;

1. Proven high maintenance standards
2. Safe mooring location
3. Proven high quality moorings(maintained)/berthing
4. Guaranteed minimum boat visit periods to check everything o.k.
5. Perhaps an extra discount for one of the boat monitoring systems
6. Owners taking a reasonable excess to cut out small claims & focus the mind on prevention
7. Relevant formal sailing qualifications.

Cheers

Bristol