Smoggy Posted March 3, 2018 Share Posted March 3, 2018 I'd be interested to know wether boats started sinking before or after the pontoons came apart but I'm sure the various insurance companies will pull that bit apart with a fine tooth comb, either way it's not going to be cheap and my sympathies go out to all concerned. At least no fatalities, boats can be replaced or repaired. 2 Quote Link to comment Share on other sites More sharing options...
YnysMon Posted March 3, 2018 Author Share Posted March 3, 2018 Yes, thank goodness no fatalities or serious injuries. I heard a figure of up to £3Om loss mentioned of the Welsh news. Quote Link to comment Share on other sites More sharing options...
quo vadis Posted March 3, 2018 Share Posted March 3, 2018 I heard 70m Quote Link to comment Share on other sites More sharing options...
ranworthbreeze Posted March 4, 2018 Share Posted March 4, 2018 Sadly they tend to pull these figures always in millions or billions out of fresh air, gone are the days when these vast sums of money have to be earned. In all honesty I think the final figure will be at the higher level or beyond, looking at all those damaged pontoons and the commercial and private boats strewn all over the marina this is going to take a long time for any insurance company to investigate and make good. Regards Alan Quote Link to comment Share on other sites More sharing options...
Selsie Posted March 4, 2018 Share Posted March 4, 2018 1 minute ago, ranworthbreeze said: Sadly they tend to pull these figures always in millions or billions out of fresh air, gone are the days when these vast sums of money have to be earned. In all honesty I think the final figure will be at the higher level or beyond, looking at all those damaged pontoons and the commercial and private boats strewn all over the marina this is going to take a long time for any insurance company to investigate and make good. Regards Alan Agreed Alan, I also think this will probably end up an excuse for the Insurance companies to ramp up the premiums for the area. Quote Link to comment Share on other sites More sharing options...
vanessan Posted March 4, 2018 Share Posted March 4, 2018 58 minutes ago, Selsie said: Agreed Alan, I also think this will probably end up an excuse for the Insurance companies to ramp up the premiums for the area. Not just that area I’ll bet! 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted March 4, 2018 Share Posted March 4, 2018 58 minutes ago, Selsie said: Agreed Alan, I also think this will probably end up an excuse for the Insurance companies to ramp up the premiums for the area. For the area??, sadly I fear a blanket increase of premiums as a result. Quote Link to comment Share on other sites More sharing options...
MauriceMynah Posted March 4, 2018 Share Posted March 4, 2018 9 minutes ago, Philosophical said: For the area??, sadly I fear a blanket increase of premiums as a result. Yes indeed, that is how insurance works but I doubt any increase will be significant. Quote Link to comment Share on other sites More sharing options...
JennyMorgan Posted March 4, 2018 Share Posted March 4, 2018 Can't have the shareholders losing out can we! Quote Link to comment Share on other sites More sharing options...
MauriceMynah Posted March 4, 2018 Share Posted March 4, 2018 Quite correct Peter, especially as the majority of shareholders are Pension Schemes, Unit Trusts and Savings Funds. Or did you perhaps imagine that a significant number of shareholders were individuals? Whilst that was the case in 1995 (I think) there was some massive crash and most of the "Lloyds names" were bankrupted. 2 Quote Link to comment Share on other sites More sharing options...
JennyMorgan Posted March 4, 2018 Share Posted March 4, 2018 6 minutes ago, MauriceMynah said: Quite correct Peter, especially as the majority of shareholders are Pension Schemes, Unit Trusts and Savings Funds. Or did you perhaps imagine that a significant number of shareholders were individuals? Whilst that was the case in 1995 (I think) there was some massive crash and most of the "Lloyds names" were bankrupted. No, John! Quote Link to comment Share on other sites More sharing options...
Guest Posted March 4, 2018 Share Posted March 4, 2018 53 minutes ago, MauriceMynah said: Yes indeed, that is how insurance works but I doubt any increase will be significant. I believe the principle is like "spreading jam on a slice of bread"; cover the whole slice and no bite will have much jam on it. Quote Link to comment Share on other sites More sharing options...
Bound2Please Posted March 6, 2018 Share Posted March 6, 2018 Bad Boys , what was Aaron Smith's pride and joy https://www.facebook.com/aaron.smith.1232/videos/1860601577283856/ Quote Link to comment Share on other sites More sharing options...
Bound2Please Posted March 7, 2018 Share Posted March 7, 2018 5 days after the storm, and fuel can still be seen leaking from sunk vessels https://www.facebook.com/photo.php?fbid=1860903433920337&s 1 Quote Link to comment Share on other sites More sharing options...
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