Pat McPherson

Hi Guys,
I'm not sure if this thread should be here or in the General Discussion, but here goes.
I had an accident last weekend, boat vs. big wave, and the boat came apart. Long store short the deck separated from the hull and she is a total loss.
Fortunately my passenger and I were not seriously hurt.
Anyway, this week I hope to settle with the insurance company and I will have the option of keeping the boat for the salvage value.
Now I'm not sure what it is worth so that is my question.
How much should I pay to keep the boat to part it out?
The boat is/was a 1997 24' Superboat, 1997 502MagMPI with approx 650 hours total with 150 on a rebuild, 2004 Bravo 1 gimble and out drive, Full hydraulic twin ram steering, and 280K-planes.
I believe the engine and drive are fine as I did power the boat back to the dock.
Thanks,

StraightJacket

How bad is the damage? Post some pics , you never know some of us are pretty handy at doing glass work.

f311fr1

Drive train no more than 3-4K

JJS2007

How much to dump it?

Griff

I would say it depends on the price they give you and how much work you want to do stripping the parts and selling them. Drive and engine are probably worth 6-7k and the rest is probably worth another 2-3k.
You also have to figure in the cost of getting rid of the boat after its stripped.

Pat McPherson

No fixing this boat, take my word on that. It would need a new deck from the manufacturer for starters, and I would never trust the hull again after all of the delaminating.

Yea, I was thinking 3-4K is the highest I'd go depending on if the trailer is part of the deal.

I may sell it off, but that is a question for after I know if I'm keeping it.

Brandon

Make yourself and open bow! If you don't like that idea.... I wouldn't give more than $3k to buy it back. You may be able to get $8-10k out by parting it but like said earlier, gotta figure in disposal fee after stripped and your time dismantling everything to sell.

Audiofn

I have bought stuff back from insurance compaies many times. Know that their offer is just that, and offer. You can barter with them.

Jon

BadDog

Wow, what kind of wave did you hit and how fast?!

Pat McPherson

Thanks, we are healing both inside and out.
Well I did post some pictures in the Superboat forum and it created a lot of controversy so I deleted the thread.
I hit a powerboat wake pretty hard. Your Pantera brothers T-Mone and Madison saw the accident.
As for how well built Superboats are, well, IMO mine was not built that well.
From your replies, I think I have a good idea what the stuff is worth.