GoneDiving
Senior Member
The problem with custom builds is that Insurance companies have no way of determining risk and pricing, regardless of the owners skills or intentions. Their whole business model is built upon assessing multiple near identical units to statistically measure failure rates. A one off could be all or nothing so they will run a mile from anything remotely out of the ordinary or unfamiliar.
I must admit asking for a $3M line of credit is a bit laughable. Anyone with that amount of idle and disposable cash likely didn't get there from taking wild and unmeasured risks. As for those suggesting a big business conspiracy, they are welcome to call SV Seeker and put their house on the line any time they want.
Good luck to him. He's resourceful so will likely find a way. However, it's no surprise that it's no cake walk.
I must admit asking for a $3M line of credit is a bit laughable. Anyone with that amount of idle and disposable cash likely didn't get there from taking wild and unmeasured risks. As for those suggesting a big business conspiracy, they are welcome to call SV Seeker and put their house on the line any time they want.
Good luck to him. He's resourceful so will likely find a way. However, it's no surprise that it's no cake walk.
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