Originally Posted by
boatme
Those who still die usually are not wearing the proper equipment at the time and get the same exposure as someone when dies in a car accident without a seat belt
Well part of the answer is that the accidents ending in death in car, planes, trains and bicycles usually (not always) are not at organized pleasure events.
Not to many poker runs with cars, planes ect... and those that are organized events I haven’t herd of to many deaths at them mostly due to the fact they aren’t going 130 mph on the road
we had an old car rally here a few weeks ago and a 1929 street rod was going down the highway when he had some type of failure and the car veered to the right and hit a cement barrier and killed one person The exposure was high on this accident because it did not have the modern safety equipment of the day (seatbelts, air bags, ect..) and was a reason for the death
Our sport has less people involved in it, so the participant to accident ratio is WAY HIGH and the exposure is even worse
I have said it many times If you have only 100 or 200 extreme boats that are insured for 1 million dollars and those people pay lets say $12,000 per year to insure there boat on average is just over $2,000,000 in revenue on 200 boats One accident and it will get eaten up many times over in lawsuits and settlements
There is only two companies that i know of that regularly cover the very fast high end boats, they are about to say no more insurance if you are in an organized event, PERIOD
The insurance companies are in it for profit and when it is no longer profitable it will go away
Let’s do a little more math, there has been at least one tragic accident 3 of the last 4 years involving 4 very expensive boats at Poker Runs
42 Outerlimits, 43 Nor Tech, 36 Eliminator, 36 Skater and a number of other boats accidents that ended in a lot of damage to the boats (see Big Cat Poker Run)
Total deaths were 8 in these 4 boats, lawsuits for these are all in the many many millions (Per person that was killed)
Now with cars, the insurance companies around the country take in millions every day in premiums and even with a Lambo or some other exotic the car value is much less than a high end boat
Exposure is high in our favorite sport. To try and rationalize it with other forms of transportation is an interesting argument, but has nothing to do with the reality of what is happening or going to happen to poker runs
Fact is something damn well better change and it better happen fast
Just my .25 but I come from a very informed position
Marc