09-28-2021, 01:44 AM
I'm curious... so this video is out there for all to see, including his insurance company.
Let's suppose he has full coverage. Does his insurnace company have the obligation to pay full amount (less deductible) even though he was being reckless--and there is video evidence of this?
I'm pretty sure the insurance company can refuse to insure him in the future. I'm wondering if they use video evidence like this to make their decisions. Or maybe if they do continue to insure, will they use the video to increase his rate by, say 90% instead of the normal 30%?--just throwing out numbers as an example.
I have a good friend who bought a nice Mastercraft boat summer of 2020. He's not a rookie boat owner, he is careful as can be, he grew up with boats and has been piloting ski boats for more than 30 years on the Columbia River. But during that first summer, he had two "legit" accidents--he hit an underwater obstruction (either a submerged log or rock column in a '15 of water area), and on another occasion a 4-5 foot sneaker wave sent a good foot of water over the bow and flooded the engine compartment causing cylinders to seize. One accident caused $18,000 of damage, the next over $22,000 in damages. His insurance denied him future coverage, and he said he must have contacted 7 or 8 insurance agencies this last summer before finding one that would insure him. He nearly had to sell the boat.
If that happened to my friend, I'm kinda hoping this young man has a bit of difficulty getting another mc policy for several years--not trying to be mean-spirited, I just don't want his reckle$$ne$$ (and that of others) to be an insurance cost that is recuperated by increasing insurance for all across the board.
Let's suppose he has full coverage. Does his insurnace company have the obligation to pay full amount (less deductible) even though he was being reckless--and there is video evidence of this?
I'm pretty sure the insurance company can refuse to insure him in the future. I'm wondering if they use video evidence like this to make their decisions. Or maybe if they do continue to insure, will they use the video to increase his rate by, say 90% instead of the normal 30%?--just throwing out numbers as an example.
I have a good friend who bought a nice Mastercraft boat summer of 2020. He's not a rookie boat owner, he is careful as can be, he grew up with boats and has been piloting ski boats for more than 30 years on the Columbia River. But during that first summer, he had two "legit" accidents--he hit an underwater obstruction (either a submerged log or rock column in a '15 of water area), and on another occasion a 4-5 foot sneaker wave sent a good foot of water over the bow and flooded the engine compartment causing cylinders to seize. One accident caused $18,000 of damage, the next over $22,000 in damages. His insurance denied him future coverage, and he said he must have contacted 7 or 8 insurance agencies this last summer before finding one that would insure him. He nearly had to sell the boat.
If that happened to my friend, I'm kinda hoping this young man has a bit of difficulty getting another mc policy for several years--not trying to be mean-spirited, I just don't want his reckle$$ne$$ (and that of others) to be an insurance cost that is recuperated by increasing insurance for all across the board.