Originally Posted by Corsair 2
Stay away from Edward William. Just google
them...... I learned the hard way. I bought a policy through them in January for $1500, and the underwriter went bankrupt 2 months later. Total write-off.
I think you may find that the underwriters for Edward William (Northern Fleet) are back in business.
However, it seems to many that insurance
is a bit of a joke at our expense. I would be interested to find the average % long term profit margin for marine
The insurance companies also have your money
and one would expect that they would carefully invest that so they should accrue more than the totality of the premiums so that clients are well protected. I am not holding my breath.