SailNet Community - View Single Post - Constructive Total Loss?
View Single Post
post #13 of Old 01-16-2012 Thread Starter
Bake81
Junior Member
 
Join Date: Nov 2011
Posts: 6
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
 
Resolution

It turns out that I didn't have too much to say with the how the insurer resolved the claim. I received a letter from the insurer advising me that they considered the boat a total constructive loss, and offering me the opportunity to buy the "salvage" from them ($4k). I did buy the boat back. Will take the money and make the repairs.

I will not be replacing the rails. After hours of searching the internet for "aluminum rail repair," I found Rex Maugans' rail straightening device in the US patent office. Was able to track him down and buy his first production model. The initial result is promising and I will finish the work in the spring. Will still have to deal with the "scarring," but it will be straight.

The insurer cancelled the policy. In the short-term I plan to just buy liability coverage.

My plan is to take any "extra" money and invest it into the boat.

Thanks for everyone's advice.
Bake81 is offline  
Quote Share with Facebook
 
 
For the best viewing experience please update your browser to Google Chrome