Aloa 34 (1974) available for "salvage" - SailNet Community

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  #1  
Old 11-14-2012
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Aloa 34 (1974) available for "salvage"

Hello Everyone

My beloved Aloa 34 was was at Liberty Landing Marina during the storm.

She floated off the stands and lay on her side along with many other boats.

There is damage to the Stanchions and the Pulpit, and some scratches to the hull.

Finally the boat lay in the water for a while and the engine got wet.
The engine does not appear to have any rust on it, and it was winterized before it got wet. He made no effort to start the engine or anything else.

On that basis the adjuster called it a Total Write off.

They are giving me the option of taking the full value of the insurance which is about 18000. Or I can keep the boat and not get the salvage value which is about 10% of the insured value.
So I have the option of taking the full value or selling it for the salvage value. I have yet to receive the exact numbers on this.

I honestly do not know if the engine will run.
The boat was a lovely boat, and I would be tempted to repower her myself if I was not already planning on selling her and getting something larger.

I would love to see the boat go to someone who might want to fix her up himself. In which case it might be a good deal.

The Boat is on stands at liberty landing Marina.
If you want to go have a look at her PM me.
I also have a lot of pictures of the boat and the damage which I can e-mail to any interested parties.

I am obviously not making any representations about the condition of the boat. If anyone is interested in it the price will be around $2000. (or whatever the salvage value is).

I loved this boat a lot and would like to see it go to a good home rather than a landfill.

thanks for reading

Andreas
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Old 11-14-2012
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Re: Aloa 34 (1974) available for "salvage"

So sorry to hear this. Must be tough...

I'm not so sure the engine wouldn't be salvageable if someone got onto it soon, and the rest of the damage doesn't sound too extreme but of course there could be hidden issues still at play.

Good luck in how to decide how to proceed. My sympathies.
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Old 11-14-2012
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Re: Aloa 34 (1974) available for "salvage"

So you can either receive full insured value - $18,000 - and the insurer gets the boat- or you can receive full insured value minus 10% salvage value ($1,800) - $16,200 and keep the boat?

Do you mind sharing how much have you put into it beyond the initial purchase price?

Given all the problems with boats and basic services in your area, I doubt there is much of a resale market there, or even the opportunity to fix a boat up anytime soon.

If you do a forum search, you will find some threads on owners who had to make the same decision, and whether they were ever able to insure or sell the salvaged vessel.
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Re: Aloa 34 (1974) available for "salvage"

I took a risk and paid $10,000 for it without survery (the other buyers all wanted a survey and the seller took the $10,000)

I have another $3000 or so into it as well as the pleasure of ownership for a year.

So this event it actually profitable for me, however money can't buy me love.

A
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Old 11-15-2012
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Re: Aloa 34 (1974) available for "salvage"

"Go on, take the money and run..."

I would be looking for another boat, instead of spending time figuring out how to salvage/repair your vessel.
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Old 11-16-2012
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Re: Aloa 34 (1974) available for "salvage"

Yeah I was hoping to get it to a good home, with someone who was interested in fixing it up.
Oh well.

guess the money it is.
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Old 11-16-2012
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Re: Aloa 34 (1974) available for "salvage"

I case anyone cares, the salvage bid was 750.

So 750 and the boat is yours.

A
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Old 11-16-2012
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Re: Aloa 34 (1974) available for "salvage"

A,
It is good of you to try and save your old gal from the chain saws and dumpster. Do you have any photos of the damage to her?
If anyone is interested, this is the boat spec: ALOA 34 sailboat specifications and details on sailboatdata.com
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Re: Aloa 34 (1974) available for "salvage"

I have a bunch of pics, of the damage etc.
Just PM me and I will e-mail them to you

A
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Old 11-17-2012
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Re: Aloa 34 (1974) available for "salvage"

I'm very interested. Please send me pics. I could be up there right away to get it.

I saw your post so I registered to the site - but it wont let me PM for the 1st 7 days so you will have to pm me. I'd be looking to work on it over the winter as a lake boat for me.

Dave

Last edited by WakeDL; 11-17-2012 at 06:59 PM.
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