09/28/17 05:44 PM
Re: BVI and Insurance Companies?

I was wondering the same thing.

If you include St. Maarten, the Spanish Virgins and Puerto Rico in the number of totaled boats that would mean at least 1,000 boats destroyed.

With an average insured value of $500,000 per boat, that is $500 million dollars.

Can the insurance companies even absorb that kind of a loss - Half a Billion dollars? And even if they can take that kind of hit, will they be willing to pay out those funds?

Just curious.

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