I don't know what sites you visited. As far as BoatUS Insurance, and
hurricane Ivan damage, I am unfortunately intimately familiar. BoatUS
totalled any vessel which was submerged. They then owned the salvage. The
insured was given the opportunity to purchase his old vessel for a few
pennies on the dollar. For less than a total loss, they tendered a cost to
repair check to the insured based on an estimate done by their marine
surveyor. I found this estimate to be very fair, and it was based on local
yard hourly rates. Obviously, if you are capable of doing the repair
yourself, there should be some good buys out there.
Harvey Harkness
S/V Sayonara
Perdido Key, FL
-----Original Message-----
From: trawlers-and-trawlering-bounces@lists.samurai.com
[mailto:trawlers-and-trawlering-bounces@lists.samurai.com] On Behalf Of
cooke_w@bellsouth.net
Sent: Saturday, November 13, 2004 8:06 AM
To: TrawlerWorld
Subject: T&T: Salvage Boats
I have a question for anyone. May be Bob Austin in particularly since I know
he's close to the scene.
I've, mostly out of curiosity, looked at a couple of the sites that have
listed many of the "salvaged" boats from the recent FL hurricanes. Quite a
few seem, according to the descriptions, to have suffered something less
than major damage. Many are described as "not submerged" and "cosmetic
damage, structurally good".
Seemingly many are repairable, so why are they "totaled"? (If that's the
correct word. Its the one we often use when describing an auto loss.) Do
they all belong to an insurance company? Is it because of the same situation
that we face in auto repair? It doesn't
take much collision damage for the cost to repair a car to be more than the
car is worth.
Or do some folks just take the "opportunity" of this kind of damage to get
out of boating. Make the best settlement they can with the insurance company
and "hang it up".
Are some of the boats shown still "owned" by individuals whom have received
a settlement amount from their insurer for repairs and the boats are now
being offered just as a, "Let's see what we can get as is, where is before
we decide to whether to repair it?"
Or are the people that write the descriptions the same ones that write the
copy for houses in the want ads?
oppor
Just wondering!!
Bill
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