Just my .02
There are many more V bottom accidents occuring nationwide then cat accidents which are being reported to the insurance companies. You need to look at the hole picture, there are most likely 100 V bottoms or more to 1 cat. Your just hearing about the high speed high dollar cat accidents. Your not hearing about all the little V bottoms that are hitting underwater objects, striking other boats, crashing into each other, & so on & so on. Cat insurance is high not due to racing, its due to #1 the cost of the boats, the speeds the boats are capable of running and the age and diversity of the people buying the boats. I was explained it this way, we are gambling on insuring your 200K+ boat in the case of an accident. I was told that I was getting 295K worth of coverage on the boat alone + plus medical, the other boat, and passangers, etc. etc in the case of an accident for $4640 per year around 1.5% of the replacement value of the boat. Sounds cheap to me!!!!!!!!!!!! You want cheap insurance, buy a cheap boat!!!!! My old V bottom was about 1% of the cost of the boat per year, its all relative. Do the math. Most of us discussing this on this thread do not own 20' ultra. We all have high dollar expensive boats. I remember the day I owned my 18' jet boat the boat was also only 16,500, and insurance was 220 per year, right around 1.4% of the cost.
BF, why are you complaining, you do not even own a boat!!!!LOL
Have a great evening,
Jeff