Presumably they were under salt water to end up in that condition. Do you take it on the chin and pay for the complete restoration yourself to keep title clean? Do you tell yourself that the restoration was thorough enough that being submerged in saltwater has been undone and therefore you are under no obligation to disclose? If insurance touches it, numbers matching barely matters as it will have a salvage title and a flood car has trouble selling for much (relative to a clean title car).Gah. As a "muscle car" fan that hurts to see. Looks like some work to be done.
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I know people here that don't insure their boats. 'What can happen? There's a lot of water. I'll be fine.'There will be literally hundreds of write off boats , FLA has a whole industry built around salvage, since its sort of a regular occurence.
For some of you folks that like boats, trailering or going south on its own bottom , make sure you actualkly have insurance. My current boat is uninsured if I leave the great lakes. Aquaintance took a boat to the Bahamas, wrecked it and was not covered.
I tried not to as boat is relatively cheap but I couldn't get liability only for a boat on my homeowners policy and a standalone boat policy would have cost far more.I know people here that don't insure their boats. 'What can happen? There's a lot of water. I'll be fine.'
Lots dont and if its a 10ft tin boat with 7.5hp , you wont likely get into a lot of trouble. Until you do.I know people here that don't insure their boats. 'What can happen? There's a lot of water. I'll be fine.'
One of the fellows I work with used to salvage boats for insurance companies. They'd pay him a fee to remove the boat, which avoided freelance salvagers from raping boat owners and insurers (think of boat salvagers like highway towtruck drivers). He got to keep many of the boats he salvaged in exchange for the fees.There will be literally hundreds of write off boats , FLA has a whole industry built around salvage, since its sort of a regular occurence.
For some of you folks that like boats, trailering or going south on its own bottom , make sure you actualkly have insurance. My current boat is uninsured if I leave the great lakes. Aquaintance took a boat to the Bahamas, wrecked it and was not covered.
'Not my kid, keep them' and bolt.Lots dont and if its a 10ft tin boat with 7.5hp , you wont likely get into a lot of trouble. Until you do.
Having seen the bill when a boat sinks tied to a dock, or sank by an idiot marina operator (our race boat 2002), the sacriest is the environmental bill is there is a gas/oil leak into the environment.
Or have your 12yr old tooling around looking at the cool yachts in the marina and rub up against a 60ft power boat and find that scratch is worth $16K .
I insure everything.
About 20 years ago there was a fire at Holland River Marina and it took out a complete covered dock. IIRC the owners of the boats that sank got five figure bills to cover the environmental clean up.Lots dont and if its a 10ft tin boat with 7.5hp , you wont likely get into a lot of trouble. Until you do.
Having seen the bill when a boat sinks tied to a dock, or sank by an idiot marina operator (our race boat 2002), the sacriest is the environmental bill is there is a gas/oil leak into the environment.
Or have your 12yr old tooling around looking at the cool yachts in the marina and rub up against a 60ft power boat and find that scratch is worth $16K .
I insure everything.
I remember that fire, it was around this time of year in 1999, I was living in Holland Landing and kept a boar at Albert's the next marina down the river. I doubt many owners in that marina had insurance.About 20 years ago there was a fire at Holland River Marina and it took out a complete covered dock. IIRC the owners of the boats that sank got five figure bills to cover the environmental clean up.
One owner let his insurance temporarily lapse because he was due for a haul out survey and he figure he'd save a few bucks by waiting for it to be done after haul out. Nothing for his boat plus the clean up.
Covered slips are great but in case of a fire it goes up, hits the metal roof and spreads sideways taking out the whole dock in minutes. One owner was below and heard "FIRE", went out and tried to move his boat but his canvas was on fire before he could untie the lines.
Ditto on insurance. Hit a swimmer or fisherman and let the insurer fight it out in court.