Join Date: Nov 2002
Location: New York
Thanked 18 Times in 17 Posts
Rep Power: 15
Got my title for the 30 footer..
Adding my 2 cents to the discussion, boaters need to beaware that the "diminished resale value" is not something yours or the others guy''s insurance co. wants to talk about or even aknowage.
As many of you know,I was run down from behind last july and my boat suffered $45,000 in damages. Dealing with the Insurance Co''s (mine and his) has been a nightmare. Yes,I have an attorney involed. But at $250 an hour you can wind up deeper in the hole than when you started. So far My out of pocket expences have been in excess $4000 not including the resale issue. The other boater was charged by Coast Guard with negligent opperation.
If it ever happens to you my advice is to get your famliy and/or guests off the boat safley and let her sink. Then someone like John 323 can deal with it.
My misstate was I saved my boat and the boat was not totaled. Damage had to be 80% of value to be totaled. So it''s guy''s like me that get to bear the cost''s.