I do.

How many cat sailors are required to pay 500 bucks just to cover the insureance on that particular boat in case of theft ?

There are just 3000 to 4000 insured cat sailors in NL and that pool is too small to pay out large sums and still see the companies turn-over a healthy profit. Most of these sailors just have WA insureance (damage to other people and property) and only pay something like 200 bucks a year. Insuring is not really about us but rather about the companies earning money on you. They will do almost anything to not pay out. Have you read your terms, we have to hook our boats to a thick chain when parked. Simple hitchlocks for your trailer are not enough either you have to have one of those rare and fully tested and guaranteed versies.

Remember a few years back when so man people distroyed their boats at the round Texel. The companies where looking at several years payback to break even again.

Wouter