Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

SnappingTurtle

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An “inferno” (news terminology) has engulfed 125+ boats in storage at the "Galveston Yacht Basin" near the city's downtown.

The Fire department can not respond for obvious reasons.

Who would have thought that you would need fire insurance to cover the damage done to your boat, during the hurricane.
 

SgtMaj

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

Who would have thought leaving your boat there during a hurricane is a good idea? We had weeks of warning, and they couldn't have moved them? Sorry, I have a small fiddle for people who leave their stuff in harms way... especially when that stuff costs more than my house.
 

achris

More fish than mountain goat
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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

...Who would have thought that you would need fire insurance to cover the damage done to your boat, during the hurricane.

...We had weeks of warning, and they could have moved them? Sorry, I have a small fiddle for people who leave their stuff in harms way... especially when that stuff costs more than my house.

And this is why our insurance premiums keep going up :mad:...
 

SnappingTurtle

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

I guess you could say, it has happened before, and it will happen again. Hurricanes happen every year, just like the fires in California.

Yet people rebuild, and the damage is repeated, year after year. For this we all must pay. I drive accident and ticket free for over 30 years now, but must cover the cost in my premiums for those of you that don't. So is life.

Should people be allowed to live and build houses and businesses in hurricane, fire, & flood zones in the first place, is something I have asked myself for years.

This post was meant in a ironic sense, of what life and mother nature faces us with. No more, no less. Chill out.

Not a debate as to who should cover insurance cost for damage incurred, or to the stupidity of the people who left their boats there.

My brother always left his boat in Galveston, because of all he had to evacuate, it had the least worth of all his possessions. If your house cost less than his boat, I feel really sorry for you.

He moved because he got tired of the constant evacuations. Now he just has to face life in Tornado Alley. :rolleyes:
 

Bamby

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

Have to agree with Snapping Turtle on this one. There should be something done to make it fair though. A lot of the most extensive damage will be along the beachfront if to to form. Its the same property that has no public access for me or you. Yet our insurance rates subsidize them so they receive lower rates than they probably should. Or is there a High Risk pool of real estate in coastal areas that subsidizes itself for these incidents.
 

SnappingTurtle

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

I do know how those affected feel, and I feel sorry for them.

My mom lived in Clear Lake on the bay, and my brother lived on a half island. Both have since moved. My mom studied the flood plans for the area before buying their house when they lived their, and this made their high risk insurance a little more affordable than it would have been had it not been on high ground. My step dads company sent them to NASA to work, he had a choice, go there, or lose his, at that time 37 years, pension with the company. They stayed three years, retired, and got out.

My brother had no chance in paying the high risk premiums asked for his place, so he had none, just as most of his neighbors. Add this to the fact that he worked first for a very large marina, and later for a oil company. He often had the choice of securing the job site, or losing his job, when storms approached.

His personal possessions, his house, and his safety mattered little to his employers.

Perhaps some of those burning boats belong to some of these people who are employed by the oil industry, trying in a last ditch effort to save our oil & gas supplies at this very moment. Or maybe to the Medical, Police, Fire and Rescue personal who are on call, rain or shine.

I also have a friend here (Germany) who's family lives there, his dad is a Oceanographic/Marine Sciences Professor at the Texas A&M University at Galveston campus.

CampusAerial.jpg


They all have little choice but to be there.

What bothers me is that after so many years of being there, the sea wall in Galveston should have been improved and extended by now. It has not changed since I was a child and we used to visited the town on vacation. Same was the case in New Orleans. Some of the water control systems and dikes date back a hundred years.

The building codes in some of these beach front neighborhoods, are also often the same as they would be in non-coastal storm prone areas.

Each time a natural disaster of this type occurs, we act like it has never happened before. I dare say that little has been done in Galveston, or the surrounding area since the last time they got wiped out.

My brother laughed on the phone last night when he talked about the preparedness of the chemical companies and refineries where he used to work. So much in our national economy rides on them being able to withstand frequent natural attacks, such as one that is happening at the moment, but little is done to prepare in advance on an infrastructure level.

The oil companies, and many of the cities alike seem to play the role of the proverbial ostrich, i.e. we will just stick our head in the sand, and act like it's not going to happen to us.
 

External Combustion

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

The wording on the insurance policies might be an interesting read. Some policies will cover fire but not "acts of God".
 

SnappingTurtle

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

First off, great to hear from you again External Combustion.

I hope all is well in Oklahoma, and that the remainder of Ike is not spawning tornadoes in your area.

Not knowing the cause of the fire, anything I say would be speculation.

Considering that, I would wonder if it was caused by perhaps a falling transformer caused by high winds, would the insurance then consider it to be an act of God, and refuse to cover damage to the boats that were then engulfed in the ensuing fire.

Say my boat was in the fire, and it was set on fire by the boat next to mine, that was set on fire by solvents stored at the marina, that was set on fire by the burning building, that was set on fire by downed power lines, that were blown over by high winds. A chain reaction so to say.

Would the insurance see each of these escalations, on an individual bases, or would a judgment be made as to the origin of the fire, and refuse claims to all that suffered damage, based on the big picture of the situation, or an act of God. :confused:
 

jay_merrill

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

Having watched insurance companies for a couple of years after Katrina, what the insurance companies will say, is anything that they think will get them out of paying a claim.

The biggest fight here in the NOLA area has been the wind damage v. water damage issue. There have been a few court fights about it, and some plaintiffs have won while others have lost. The most well known fight involved former Mississippi Senator Trent Lott, who had a house in Pascagoula, MS, and State Farm Insurance. Lott eventually settled with State Farm.

To me, this is a difficult issue because, while the insurance industry still made substantial profits in the period after Katrina, you have to wonder how many multi-billion dollar catatrophe's they can survive. Sooner or later, they are either going to have to charge so much to cover people that no one will buy the insurance, or they will go broke.
 

SnappingTurtle

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

To me, this is a difficult issue because, while the insurance industry still made substantial profits in the period after Katrina, you have to wonder how many multi-billion dollar catatrophe's they can survive. Sooner or later, they are either going to have to charge so much to cover people that no one will buy the insurance, or they will go broke.

I think they spread their risk over the entire world.

I had a friend who worked here for a very large re-insurer in Europe.

They bought policy risk in one area of the world and sold them to other areas. Their clients were big insurance corporations, who often often tend to be concentrated in one area of the world, or having all their eggs in one basket. They mix it up a bit, or take one companies risk and combine it with another companies.

If one has a large natural disaster, they all share the cost. No big loss. If they go a few years without a natural disaster, which is more often the case than not, they make a pure profit.

Of course to hear the big insurance companies, they are “all” starving.

If they are loosing money at all, it is because they take the money from your, and my premiums, and make poor investments in other areas of the stock market, and not because of Ike or Katrina.
 

LadyFish

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

As a homeowner living on the coast for 18 years, I can tell you we have paid the price of high insurance and have NEVER made a claim.

As it turns out, our very expensive flood insurance will cover nothing, our very expensive windstorm will cover the roof (prorated to the age of the roof) and our homeowners covers nothing.

People don't realize that tropical storms like Alison hikes up insurance rates too. Alison did billions in damage to the Houston area and tons of claims were filed.

People also don't realize that if you have NO insurance on your property you probably make out better than those of us who pay out the butt for it. FEMA is not going to cover anything we have because we have insurance. They help those who don't have coverage to rebuid. Its a messed up system because part I know I am paying for that too, just like everyone else that pays insurance premiums.

Those of us who live on the coast know that we have to pay flood insurance in order to live there but realistically will probably never be able to file a claim unless tide levels are high enough to be inside the house. Then they argue that the water was wind driven, so they tell you to fight it out with windstorm.

We will not make out well and will be out of pocket thousands of dollars after Ike even though we pay the most expensive insurance rates. Its the price you pay to live in paradise.
 

modernrocketry

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Messages
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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

Here's an example of boat insurance.

Friend own this:
53' Hatteras Motoryacht insured with BoatUS
Agreed upon hull value just under $500K

Southern California rate: $3500.00 per year
Florida rate: $13700.00 per year

I don't know how the people in Florida do it.

And on a side note, regarding the marina fire. Most insurance policies for bluewater boats will pay 50% of the cost to hire a professional service to move the boat out of harms way (including fuel) or they will pay 50% of the cost to haul the boat out of the water.
My policy has these provisions; fortunately seismic waves don't travel through water. ;)
 

SnappingTurtle

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

As a homeowner living on the coast for 18 years, I can tell you we have paid the price of high insurance and have NEVER made a claim.

As it turns out, our very expensive flood insurance will cover nothing, our very expensive windstorm will cover the roof (prorated to the age of the roof) and our homeowners covers nothing.

People don't realize that tropical storms like Alison hikes up insurance rates too. Alison did billions in damage to the Houston area and tons of claims were filed.

People also don't realize that if you have NO insurance on your property you probably make out better than those of us who pay out the butt for it. FEMA is not going to cover anything we have because we have insurance. They help those who don't have coverage to rebuid. Its a messed up system because part I know I am paying for that too, just like everyone else that pays insurance premiums.

Those of us who live on the coast know that we have to pay flood insurance in order to live there but realistically will probably never be able to file a claim unless tide levels are high enough to be inside the house. Then they argue that the water was wind driven, so they tell you to fight it out with windstorm.

We will not make out well and will be out of pocket thousands of dollars after Ike even though we pay the most expensive insurance rates. Its the price you pay to live in paradise.

I wish you luck with the insurance companies. My family finally threw in the towel, and headed north to tornado country.

I have friends that line the Gulf Coast and some have lost everything in the past, some have just been lucky up to now.

For us not living there, life goes on.

For those hit with this tragedy, the uphill road to rebuilding their lives has just started.

My heart goes out to you and if there was a way, I would come by and chip in with your clean up. That is if there is anything left to clean up.

My mom always said if it hit their house she would almost prefer it to just level the lot. At least that way she wouldn't have to see what was once home. Their old neighborhood, from what we could see in photos was hit pretty hard, and the half island where my brother lived might as well not be there anymore.

Good luck & don't let it get you down. No matter how bad it is, you have what is most important, your family.
 

kenimpzoom

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Messages
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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

As it turns out, our very expensive flood insurance will cover nothing, our very expensive windstorm will cover the roof (prorated to the age of the roof) and our homeowners covers nothing.

.

Insurance is highly regulated and we need to get the lawmakers to require one insurance company to cover all types of damage. That way, you dont have to worry about fighting three different insurance companies.

I to have regular insurance and "windstorm" insurance. Very annoying to say the least. Luckily my damage was minimal.

Ken
 

oops!

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Oct 18, 2007
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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

after reading lf's post....(while waiting for a jb up date).....i must admit...im getting very angry.....the spirit of the law says it is illeagal to pat into insurance for somthing you cn never collect on........lf's posisition is somewhat simmelar to this point.......

the statement she made that "its allmost better if you had no insurance"...makes my blood boil.....thats legal theft......
the public pays and pays...but when the real deal comes and its time for the insurance company to pay....they find a clause they had built in from the get go....

its terrible.......in an emergency situation, such as any natural disaster....human emotions demand that we help the victims....by going to help fill sand bags during a flood......searching the wreckage after a storm....even SAR...who....yes...gets paid....each person does it to help..not to be a hero.......are you following me?

ok....now look at the insurance companies......they are paid to help....but they find a way not to...

im gonna shut up now....before i say somthing against the insurance companies that will get me banned from this site
 

LadyFish

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Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

oops, its sad but all true. The responsible people who have insurance for situations like this are fighting tooth and nail to get what they pay for. The insurance companies so far have not paid one claim nor have they taken the information from the adjusters and given us a definitive answer on flood or windstorm. It's been a month since the hurricane and people need to make repairs in order to make their place livable.

Now, the City in concert with FEMA and the National Flood Insurance Program have decided to inspect every house on the island for further structural damage and make the decision on whether or not they can be repaired or demolished. This is necessary but will hold things up even longer since they will not make a decision on your initial claim until your house has been inspected by a structural engineer.

There are 70,000 properties to be inspected. In the meantime, people that are out of their homes are having to pay rent somewhere else, plus pay their mortgage, drive obscene amount of mile to get to work since there is no place to rent around her, and can't even get a building permit until this is complete. Once they get their settlement they will find it extremely disappointing since the insurance companies seem to be doing everything in their power to not cover much of anything.

I'm sure this is common practice, its just frustrating when you want to start rebuilding your life for your family.

We are one of the lucky ones. We finanally got power back on upstairs last Friday and moved back homes. A few more moved back yesterday to begin tearing down whats left of their downstairs and picking up debris. The sound of generators in the night is a welcome sign that progress is being made.
 

oops!

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Oct 18, 2007
Messages
12,932
Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

LF im really glad you are back in and are able to start the task of rebuilding.

im still so up set at the insurance companies i could just spit !

as a business owner i pay stupid amounts each month for insurance....from auto, to commercial auto, to business....home, and on and on and on...try to collect when the store has a theft !!!!!

i can only hope and pray for you that they will step up to the plate and do what they (in spirit) agreed to do....protect you...not try to squeeze out of it....

ok...im gettin worked up again....please keep us posted....and again...glad you are all safe
 

redeye1962

Petty Officer 1st Class
Joined
Jul 6, 2008
Messages
319
Re: Ike Report - Boat Storage in Galveston burns in uncontrolled fire.

think there may be some boats for sale at a good price? I know that was bad. sorry.
I hope everything get settled soon. It is amazing we have not heard anything on the news about this anymore. We still hear about New Orleans even today.
 
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