Boat sank at the dock - Page 2 - SailNet Community
 69Likes
Reply
 
LinkBack Thread Tools
post #11 of 166 Old 12-05-2014
Dirt Free
 
boatpoker's Avatar
 
Join Date: Jul 2008
Location: Toronto
Posts: 2,554
Thanks: 22
Thanked 145 Times in 140 Posts
Rep Power: 12
 
Re: Boat sank at the dock

Quote:
Originally Posted by questionsquestions View Post
Here's my question--do we have an advocate in this nightmare? Our insurance broker (who had been pretty good about maintaining contact over the last 10 years as long as it concerned us paying our premiums) has gone quiet. We seem to be at the mercy of the people to whom he sold our policy, and they're not giving us any love either. We're not sure how to handle this. I'd put the barfing smilie here but it's kind of annoying.
Kind of hard to jump on the band wagon about poor response time from your insurer or insurance broker when you give us no time line.

The underwriter will send a surveyor to investigate and then make a determination based on the surveyors report. If you are unhappy with their determination, valuation etc. hire your own (better qualified) surveyor to argue against them.
MedSailor likes this.

The hysterical laughter you hear as you drive a way in your"new" boat ..... is the seller.
boatpoker is online now  
Sponsored Links
Advertisement
 
post #12 of 166 Old 12-05-2014
Senior Member
 
TakeFive's Avatar
 
Join Date: Oct 2009
Location: Swarthmore, PA
Posts: 5,004
Thanks: 24
Thanked 144 Times in 133 Posts
Rep Power: 11
 
Re: Boat sank at the dock

Quote:
Originally Posted by joethecobbler View Post
another reason insurance is a rippoff
Did you even read Medsailor's thread? I think that proves the benefit of having insurance if your boat is worth anything.

But I suspect that facts don't matter to you. You'll just go on your anti-insurance rants no matter what the facts say.
MedSailor likes this.

Rick S., Swarthmore, PA
USCG Certified Captain, OUPV and 50 Ton Master
ASA Certified 101/103/104/105/106



To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

2001 Catalina 34MkII Tall Rig Wing Keel Breakin' Away, Universal Diesel M35B, Mantus 35 lb. anchor, sailing out of Rock Hall Landing Marina
TakeFive is offline  
post #13 of 166 Old 12-05-2014
Dirt Free
 
boatpoker's Avatar
 
Join Date: Jul 2008
Location: Toronto
Posts: 2,554
Thanks: 22
Thanked 145 Times in 140 Posts
Rep Power: 12
 
Re: Boat sank at the dock

I stopped doing marine insurance investigations several years ago because I was so frustrated and angered that ninety percent of the claims I investigated were either grossly exaggerated or outright fraud. Too often the underwriters paid out on these claims because it was cheaper than fighting them.

The hysterical laughter you hear as you drive a way in your"new" boat ..... is the seller.
boatpoker is online now  
 
post #14 of 166 Old 12-05-2014
Senior Member
 
Join Date: Feb 2010
Location: Narragansett Bay
Posts: 20,192
Thanks: 82
Thanked 573 Times in 549 Posts
Rep Power: 11
   
Re: Boat sank at the dock

The OP used the term insurance broker. That may be how they refer to all insurance salespeople, however, it technically refers to an individual who sells insurance on behalf of an insurance carrier, but has no ability to act on their behalf. An Agent, on the other other hand, does the same, but can act on the carrier's behalf. Such as binding coverage. In the end, both brokers and agents typically represent several carriers and good ones can help you understand who provides the best coverage, claims processing, etc. Not just the best price, which is too often buying the worst coverage or claims support.

If your broker/agent isn't helping now, they should be kicked to the curb for any more of your business. Helping with claims is partially where they earn their keep.

You're going to have to determine the cause of the flooding, as it could impact your claim. Not every cause is covered in every policy.

Good luck.
MedSailor likes this.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Jeanneau 54DS

In the harsh marine environment, something is always in need of repair. Margaritas fix everything.
Minnewaska is offline  
post #15 of 166 Old 12-05-2014
The most female moderator
 
Donna_F's Avatar
 
Join Date: Nov 2005
Location: SE Pennsylvania
Posts: 5,856
Thanks: 147
Thanked 301 Times in 272 Posts
Rep Power: 10
 
Dock
Re: Boat sank at the dock

Quote:
Originally Posted by joethecobbler View Post
another reason insurance is a rippoff
This isn't helping the OP. Please let's not turn this into a debate about insurance.

Donna


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Catalina 30 TRBS
Rock Hall, MD
KB3ZCB

If you're helping someone and expecting something in return, you're doing business not kindness.
Donna_F is offline  
post #16 of 166 Old 12-05-2014
Senior Member
 
deltaten's Avatar
 
Join Date: Oct 2012
Location: Lancaster Co. PA/ North East, MD
Posts: 830
Thanks: 10
Thanked 21 Times in 21 Posts
Rep Power: 8
 
Send a message via Yahoo to deltaten
Re: Boat sank at the dock

no matter how ya look at it, it just sux.
sorryfor your woes, mate

S/V Chrysalis
'80 Watkins 27
North East, MD
deltaten is offline  
post #17 of 166 Old 12-05-2014
Senior Member
 
Join Date: Nov 2014
Location: Cherry Hill Nj,Lewes De
Posts: 145
Thanks: 29
Thanked 10 Times in 8 Posts
Rep Power: 6
 
Re: Boat sank at the dock

You might wanna look into a private insurance adjuster,they usually work on a contingency fee and would certainly be in your corner and know the Ins games ropes.I've dealt with them in other ways never for boats,but I'm sure they're there.
Rapp is offline  
post #18 of 166 Old 12-06-2014
Senior Member
 
Join Date: Aug 2006
Location: Norway
Posts: 1,034
Thanks: 12
Thanked 84 Times in 78 Posts
Rep Power: 14
 
Re: Boat sank at the dock

Quote:
Originally Posted by mstern View Post
I don't get it; your insurance agent sold your policy to someone?
That's what insurance brokers do, they are not insurance companies but trade around.

We recently had a case here in Norway.
Boat was insured through a broker in Lemma Europe Insurance Company Ltd
Lemma went bankrupt Lemma Europe | Liquidation | Insurance | business News on SuperyachtNews.com
A few days after the boat was a total loss ($ 5000000)

The boat owner had to drag the broker to court and won.
There where two reasons he won
1) The broker did not inform the boat owner about the bankruptcy
2) The broker had not made it clear in the paperwork that they only sold insurance..

In Norway we have security systems in place that will protect the customers if an Norwegian insurance company is going broke, but that was not the case for Lemma registered in Gibraltar.
knuterikt is offline  
post #19 of 166 Old 12-06-2014
Senior Member
 
davidpm's Avatar
 
Join Date: Oct 2007
Location: Madison
Posts: 5,090
Thanks: 530
Thanked 91 Times in 81 Posts
Rep Power: 13
 
Re: Boat sank at the dock

I'm thinking good thoughts for you.

The broker is on vacation. On Monday he is going to make everything right.

The Insurance company just can't find your policy due to taking over another company but on Monday it will show up.

Then it is just a matter of issuing the check.

I'm thinking about Jan 1st.

That's the way it is going to go down.
First priority is to start checking out new boats you don't have any time to waste.


I know these things.

The lesson from the Icarus story is not about human failing.
It is a lesson about the limitations of wax as an adhesive.
If you have an engineering problem solve it.
davidpm is offline  
post #20 of 166 Old 12-06-2014
bell ringer
 
Don L's Avatar
 
Join Date: Aug 2008
Location: Marathon Fl
Posts: 4,224
Thanks: 10
Thanked 119 Times in 106 Posts
Rep Power: 12
 
Re: Boat sank at the dock

Quote:
Originally Posted by joethecobbler View Post
how is this helping the OP?
I forgot, only you can have an opinion.
my bad.
hey I too can post a no help response to a no help response about a no help response

Don't blow air up my rear, be useful and blow it at the sails!
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Don L is online now  
Reply

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now



In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.


User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Almost sank my boat... Prop Shaft - backup retainer? krazzz Gear & Maintenance 22 09-06-2014 02:57 PM
Has this boat sank? wildcard General Discussion (sailing related) 15 06-12-2007 12:13 AM
THE BOAT THAT ALMOST SANK HP (New York Post) NewsReader News Feeds 0 10-10-2006 07:16 AM
My boat sank, what do i do? cassycc36 General Discussion (sailing related) 42 09-19-2006 04:14 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome