Hatteras Owners Yacht Club update

[garyd]

Update: There seems to be enough interest to get this rolling. Insurance could be the item to help make it feasable and happen in a timely manner.

I sent a PM to the administrator and he said "they may very well" be interested.

I sent him another and asked to start the ball rolling and would like to use the forums members list. I have not heard back.

I would not do anything as far as contacting members without their permission.

However we may also be able to contact Hatteras directly and ask for their help and their owners list.

garyd

 

[Freebird]

I for one would be extremely interested in such an endeavor.

Why not list your email address and have interested members contact you directly if you are so inclined to become our beerless leader.

Heck, I'm not shy, I will glady take the postion as information officer. Just call me Dr. Spock, but keep them cling ons away from me!

My email address is on my signature, and I would be happy to compile a list for you. I give you my word I will not abuse the privacy of anyone's email address. I deal in security and privacy you know.

 

[mopester]

I am In! Are we a spread out "paper"club or are we looking for an actual location/marina. I can probably get a copy of my "not for proft yacht club" constitution, bylaws, organization, etc If needed.

email: mopester10@yahoo.com

Mike.

 

[nyrussell]

LOL, we might go by a Marina in Florida for this then.... Price was right (fishy)

Count us in (LOL, now we need a burgee)

 

[nyrussell]

http://westpalmbeach.craigslist.org/rfs/270259944.html

Is the link

Noel

 

[Mike53C]

Please excuse my ignorance, but by "Hatteras Owners Yacht Club" we mean like creating a club, I mean a physical place were one can hang out, or just a list, like an association to have advantages in prices, services, etc,..just because of sheer numbers?
Anyway, even though I don't live in the USA, count me in, and let's see in what way I can add my little grain of salt..
Miguel

 

[Freebird]

Please excuse my ignorance, but by "Hatteras Owners Yacht Club" we mean like creating a club, I mean a physical place were one can hang out, or just a list, like an association to have advantages in prices, services, etc,..just because of sheer numbers?
Anyway, even though I don't live in the USA, count me in, and let's see in what way I can add my little grain of salt..
Miguel

Hatteras Owner's Yacht Club? You reckon that would be like this forum where you can join up without owning a Hatt?

I see it as a virtual marina which will transcend all space, time, and water. There will be free insurance, free new DD's every year, never any bad weather in sight, along with all the fuel and beer you and your boat can hold!

As to "sheer" numbers, well I suppose that depends on how many sheep we can round up for the first annual Hatteras Owners Yacht Club rodeo and lamb bake!

 

[eclipsarkanna]

Count me in for sure (even though I am not yet a Hatt owner). I spoke to one of my insurance/reinsurance clients here in Bermuda last night to see if he agrees it is workable. He said absolutely and it really boils down to:

* getting a common risk level where all the self-insured are low claims or no claims history

* making sure we are all treated equally and that the premium is the same right across the board (ie: cuts down the admin cost dramatically)

* having a sufficient number of people at whatever we all agree is the acceptable annual premium level to get going

Basically, we have to find an entity to "underwrite" or backstop the risk of loss until such time as the pool of capital in the captive is sufficiently large enough that we then become our own underwriter. That might take one year, two years or 3 years. I didn't spend much time until the idea gets a better grip and there is some serious momentum (sounds like that is happening).

Bill

 

[labrador]

I'm very interested! I assume the same priemium you are refering to is for the dollars per thousand of coverage. Let me know if I can help in any way.

 

[garyd]

We've been getting good responses to this all along since it was mentioned.

I was president of a non-profit for one year here in Florida. I busted my butt. We accomplished more in one year than they had done in about ten. I told them going in I'd burn the candle at both ends for a year to make things happen then it was someone else's turn.

Non-profits usually take a bunch of work by realitively few to get it going keep it going etc. etc. etc.

Yes we can include the bertties if needed. Yes we can have a physical location and web location. I think a physical spot we could all get to at least once a year would be great.

So far we have all shown that we can do some serious fishing type ribbing without anyone holding a crudge or going postal. That's a good sign LOL.

This could be a start of a very serious and spectacular endevour. We could use this for a multitude of things to help reduce expenses and at the same time promote our sport.

garyd

 

[Freebird]

Just for clarification, I too am seriously interested in this idea. Please keep me advised of any progress made in this area.

 

[eclipsarkanna]

Hopefully the responses to this thread will gain some momentum otherwise we may be chasing a ghost. If Hatteras Inc gets behind the idea and perhaps we can convince this Forum to do allocate a completely separate "box" (like "Technical" has its own slot on the home page), then hopefully there will be more responses than what we see so far. Kudos to the fellow that created this thread. Great idea.

Bill

 

[StratPlan61]

It seems I received a brochure from Hatteras a few months ago about joining a Hatteras Owners Yacht Club. The dues were listed but have forgotten the amount. The benefits seemed minimal to me as I read the brochure, eventually tossing it out.
I know you guys are proposing a real club which would help us with insurance, etc. Just be aware that Hatteras Inc may already have their marbles in a different game.

Bear'
1984 61' MY Strategic Plan

 

[Freebird]

Bear', I received something like that from Hatteras, but as I recall it had to do with their service in providing very expensive places to take our Hatts while paying them for their services to list these places for us.

Thanks, but no thanks. That is what God made anchors and Holiday Inn Expresses for!

 

[bobk]

I too would be interested, but I'm not sure I understand how the initial years would be handled. Wouldn't we be better off finding an insurance company that would recognize us a a good low risk group?

Bob
1981 48MY

 

[eclipsarkanna]

Bob: See post #8 above. Yes it will be necessary to get a reinsurer to underwrite and assume the risk of loss in the initial years until such time as the capital base in the "Hatt Captive" is sufficiently high enough to meet the insurance underwriting rules and regulations. Once the capital build up years are behind the group, the reinsurance is not necessary and the Hatt Captive can be self underwriting. The bigger question is how long it will take to become self underwriting since this whole thing would be on a non-profit basis (ie: a mutual insurance company for lack of a better term). Plus, all of us involved would be donating our time and energy for everyone, so we all have to make sure it is viable.

Bill

 

[Boss Lady]

The rates should be lower automatically because of the high commissions paid to the local insurance broker, if these are eliminated along with the residuals we should see at least a 30% reduction in prices. Since these "commissions" do not prevent the re-issurance industry from making a profit and stockpilling a war chest, it would be the same for a non-profit corporation. Do not confuse operating capital with profits. We could do it like a Co-op also, and if we over charge ourselves a rebate can be paid, or a rate reduction is given. This would especially be true when the war chest funds start making money. The richest companies in the world are insurance companies.

The local broker recieves a quote from the "real" insurance company, and then puts his price on it, and that is what you see.

 

[eclipsarkanna]

One further thought that might help increase the momentum on the insurance side - depending on the many reasons for creating the "Hatteras Owners Yacht Club", the Club rules may want to permit non-Hatt owners in for the purpose of insurance. For insurance purposes it is the risk category (no claims; high deductible) that will get the "Club" captive into a self insuring position - Maybe you limit the insurance participation to an agreed list of well made Yachts (Hatt; defever, Mainship etc etc) of a certain size and used strictly for cruising (not for charter). Just a few thoughts that might help move things along with a bigger audience - since the goal is less expensive insurance and also not being dropped by an insurer who decides marine insurance is no longer an acceptable risk.

Bill