|
IAN - Salvage Boats? What is salvageable?
I light of the hurricane, what happens if you are a boat owner and the boat is in the water but not spilling fuel? They are seeing lots of boats that say "Not Abandoned"
So what happens? Best friend lives in Port Charlote, endured a direct hit. LIterally said the winds were not gusting but continuously just screaming at 150MPH. Crazy stuff! House is fine, They are 10 feet above water and never got flooded. Has 2 lifts, one lift empty and the storm twisted it. Had his 42 Invincible up on the other lift(it was all the way up)., the aluminum didnt bend but the poles actually twisted in the sand and the bow went under water. He went to home depot and when he got home a salvage company was there saying they were taking the boat. To which he replied pretty much fk off, get off my property, how did you even get in... He has a gate, they opened it. So what are the salvage laws? His boat is paid off but has a $300K policy which doenst cover full replacement but what he considers enough. One, possibly 2 Verado 300's might have water intrusion, one wont start, they were not under water, but wont start. Will they try to total the boat since the bow was under?? He since lowered the stern, the bilge pumped the water out, he drove to launch and pulled it out. Its otherwise fine but everybody is telling him its salvage? Salvage companies are running thru the neighborhood. I call BS but maritime laws are weird so, here I am... How does this work with the thousands of other boats - especially if they say "Not Abandoned" which I assume has something to do with this? . |
Originally Posted by Keith Atlanta
(Post 4847491)
I light of the hurricane, what happens if you are a boat owner and the boat is in the water but not spilling fuel? They are seeing lots of boats that say "Not Abandoned"
So what happens? Best friend lives in Port Charlote, endured a direct hit. LIterally said the winds were not gusting but continuously just screaming at 150MPH. Crazy stuff! House is fine, They are 10 feet above water and never got flooded. Has 2 lifts, one lift empty and the storm twisted it. Had his 42 Invincible up on the other lift(it was all the way up)., the aluminum didnt bend but the poles actually twisted in the sand and the bow went under water. He went to home depot and when he got home a salvage company was there saying they were taking the boat. To which he replied pretty much fk off, get off my property, how did you even get in... He has a gate, they opened it. So what are the salvage laws? His boat is paid off but has a $300K policy which doenst cover full replacement but what he considers enough. One, possibly 2 Verado 300's might have water intrusion, one wont start, they were not under water, but wont start. Will they try to total the boat since the bow was under?? He since lowered the stern, the bilge pumped the water out, he drove to launch and pulled it out. Its otherwise fine but everybody is telling him its salvage? Salvage companies are running thru the neighborhood. I call BS but maritime laws are weird so, here I am... How does this work with the thousands of other boats - especially if they say "Not Abandoned" which I assume has something to do with this? . Stephen Jones 856-449-0939 |
Originally Posted by Keith Atlanta
(Post 4847491)
I light of the hurricane, what happens if you are a boat owner and the boat is in the water but not spilling fuel? They are seeing lots of boats that say "Not Abandoned"
So what happens? Best friend lives in Port Charlote, endured a direct hit. LIterally said the winds were not gusting but continuously just screaming at 150MPH. Crazy stuff! House is fine, They are 10 feet above water and never got flooded. Has 2 lifts, one lift empty and the storm twisted it. Had his 42 Invincible up on the other lift(it was all the way up)., the aluminum didnt bend but the poles actually twisted in the sand and the bow went under water. He went to home depot and when he got home a salvage company was there saying they were taking the boat. To which he replied pretty much fk off, get off my property, how did you even get in... He has a gate, they opened it. So what are the salvage laws? His boat is paid off but has a $300K policy which doenst cover full replacement but what he considers enough. One, possibly 2 Verado 300's might have water intrusion, one wont start, they were not under water, but wont start. Will they try to total the boat since the bow was under?? He since lowered the stern, the bilge pumped the water out, he drove to launch and pulled it out. Its otherwise fine but everybody is telling him its salvage? Salvage companies are running thru the neighborhood. I call BS but maritime laws are weird so, here I am... How does this work with the thousands of other boats - especially if they say "Not Abandoned" which I assume has something to do with this? . |
Wonder who these clowns were representing that broke into this guys place, sounds like a good way to get shot......:waffen093:
|
Originally Posted by F-2 Speedy
(Post 4847509)
Wonder who these clowns were representing that broke into this guys place, sounds like a good way to get shot......:waffen093:
I was thinking the same thing. DiSantis already put looters on notice. This doesn't seem much unlike looting. Thanks. Brad. (937)545-8991 |
Yep! I'm from Michigan and our necks are pretty red.....Firearms would have come out in this instance!!! To me that's theft plain and simple...if it was like upside down on a beach miles away then ok I can maybe see it but at his house??!!! No frickin way
|
Originally Posted by Keith Atlanta
(Post 4847491)
I light of the hurricane, what happens if you are a boat owner and the boat is in the water but not spilling fuel? They are seeing lots of boats that say "Not Abandoned"
So what happens? Best friend lives in Port Charlote, endured a direct hit. LIterally said the winds were not gusting but continuously just screaming at 150MPH. Crazy stuff! House is fine, They are 10 feet above water and never got flooded. Has 2 lifts, one lift empty and the storm twisted it. Had his 42 Invincible up on the other lift(it was all the way up)., the aluminum didnt bend but the poles actually twisted in the sand and the bow went under water. He went to home depot and when he got home a salvage company was there saying they were taking the boat. To which he replied pretty much fk off, get off my property, how did you even get in... He has a gate, they opened it. So what are the salvage laws? His boat is paid off but has a $300K policy which doenst cover full replacement but what he considers enough. One, possibly 2 Verado 300's might have water intrusion, one wont start, they were not under water, but wont start. Will they try to total the boat since the bow was under?? He since lowered the stern, the bilge pumped the water out, he drove to launch and pulled it out. Its otherwise fine but everybody is telling him its salvage? Salvage companies are running thru the neighborhood. I call BS but maritime laws are weird so, here I am... How does this work with the thousands of other boats - especially if they say "Not Abandoned" which I assume has something to do with this? . |
It's the beginning of a bunch of parasites that prey on tragedy.
|
Timely ?, Looking at the # of boats in the water if I am an insurance company I am allowing latitude with respect to under-writing/claim. Boat $ new/used is inflated and I don't see how current inventory levels would be able to replace boats they consider as salvage and/or repair given the #'s of boats in SW FL that are damaged with marinia damged as well the repait them.. I would guess some will take the $ and call it a day b/c that makes more sense than trying to locate a replacement. Couple that with the repair of damaged docks, storage facilities and personal docks your options are limited other than taking the payout check.. If thats the case I would guess there will be a good # of salvage boats that could be repaired as weil as well re-powered at some point, providing the electronics and other parts don't get removed as part of the salvage. Up here in LOTO I would find it advantages for some to locate a CC that may need some work and may cost a whole lot less even after repairs than todays MSRP's or limited inventory levels in the used market outside of SWFL . At LOTO the used boat market is still very tight.
|
Originally Posted by tlark
(Post 4847521)
Timely ?, Looking at the # of boats in the water if I am an insurance company I am allowing latitude with respect to under-writing/claim. Boat $ new/used is inflated and I don't see how current inventory levels would be able to replace boats they consider as salvage and/or repair given the #'s of boats in SW FL that are damaged with marinia damged as well the repait them.. I would guess some will take the $ and call it a day b/c that makes more sense than trying to locate a replacement. Couple that with the repair of damaged docks, storage facilities and personal docks your options are limited other than taking the payout check.. If thats the case I would guess there will be a good # of salvage boats that could be repaired as weil as well re-powered at some point, providing the electronics and other parts don't get removed as part of the salvage. Up here in LOTO I would find it advantages for some to locate a CC that may need some work and may cost a whole lot less even after repairs than todays MSRP's or limited inventory levels in the used market outside of SWFL . At LOTO the used boat market is still very tight.
Insurance companies will want to clear the files...........just like cars, they would rather "total" it, write you a check then sell the wreck as a salvage car..........they come out ahead vs. getting into a repair/rebuild situation. Sure anything that floated but just cosmetic damage will get refinished but if you have triple outboards that got dunked, they won't want to be married to that process of trying to get it right. On the "salvage" situation on the Invincible that seems like they were cherry picking nice boats with little damage and easy access! Not sure how they could argue it was abandoned if it was still partially on his lift? How does maritime laws work if the boat is washed up on land? |
| All times are GMT -5. The time now is 04:37 AM. |
Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.