Quote:
| Originally Posted by catamaran Wow, so when the numbers come in from Wilma it will completly surpass everything else |
Wilma's numbers (marine related) will not be anywhere near Katrina's. The damage to boats from Wilma was minimal from what I've seen, which includes touring the intracoastal from North Palm Beach to Southern Broward County.
BUT... we have a mounting problem. Insurance, across a broad spectrum is being affected. Already, homeowners insurance for waterfront property in Florida is difficult to obtain and the primary insurer (state owned Citizens) is on the brink of bankruptcy. Rate hikes in excess of 100% have been proposed for the tri-county area. If this comes to pass, it may be the straw that broke the camels back for many homeowners.
It's hard to say how this will effect the marine industry, but it's reasonable to assume we'll see rate hikes and/or increased deductibles.
