Group Insurance

No, not the usual lament. I was thinking.... yes I know, dangerous.

There are health expense coops, more often than not run by churches. Groups of basically self insured people. All put money in the pool, and it's not a lot compared to commercial health insurance. You pay for the little stuff. Doctors visits, minor meds etc etc. But if you end up in the hospital for 200K they pay the bill.

I am sure there are actuary types on this forum. Could we have coops of boat owners that self insure? Not for the little stuff, say $10,000 deductible. But agreed values for liability and catastrophic loss, with serious requirements for storm prep etc etc. And if the wrong storm hits at the wrong time and the fund gets wiped out it pays pro rated on the insured values and dissolves........

Not perfect but better than nothing......