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Thread: WTF Hurricanes

  1. #71
    Quote Originally Posted by thisguysthumbs View Post
    Because in an overwhelming amount of cases insurance company's will not insure coastal homeowners, specifically because of the risk of hurricane damage.
    Coastal windstorm is a non-diversified risk with high severity of loss with a difficult to project occurence. This means that an insurance company would have to price the insurance very high due to high uncertainty and risk of a storm requiring a payment that would make them insolvent. VERY simple math: $1mm house that could be expected to be destroyed in a 50 year event - allowing for costs and profits (from investing the premiums) you are going to be looking at $20k per year as your starting point. With non-correlated risk you get a benefit from the diversification of your policies across different locations, holders and risks. This does not exist for coastal windstorm.

  2. #72
    Join Date
    Oct 2012
    Location
    New England
    Posts
    31
    Are you still going on about GW Bush and Cheney? They are no longer relevant. I thought this was a surfing forum.

  3. #73
    Cheney don't surf!

    on a completely random note, anyone notice the banner add for the TYR Hurricane Freak of Nature suit for $1,079.95!!! The perfect suit for a 150k board from a $3mm house.


    Quote Originally Posted by Cruzzr75 View Post
    Are you still going on about GW Bush and Cheney? They are no longer relevant. I thought this was a surfing forum.

  4. #74
    there is so much stupid in this thread it's breath taking.

  5. #75
    Join Date
    Jun 2013
    Location
    Singer Island
    Posts
    1,247
    This thread is dead... a bunch of depressing and bothersome facts and reality. On to the next subject, like when is the next Sharknado predicted, or something else important.

  6. #76
    Quote Originally Posted by sisurfdogg View Post
    On to the next subject, like when is the next Sharknado predicted, or something else important.
    "Sharknado 2: The Second One" comes out July 2014.

    Happy 4:20

  7. #77
    Join Date
    Jun 2013
    Location
    Singer Island
    Posts
    1,247
    Quote Originally Posted by dlrouen View Post
    "Sharknado 2: The Second One" comes out July 2014.

    Happy 4:20
    Happy 4:0 to you as well. My buddy just called and the "Cotton Candy" has arrived. Pray for surf!