rmiker 15 Posted September 4, 2016 Share Posted September 4, 2016 same as 3rd party car insurance,pays for damage to other vehicle/property only or fire and theft The boat is sitting on the 3rd party's beach causing damage. So I would have thought the insurance company would pay to have it removed.. I always thought that was a part of 3rd party cover i.e the boat sinks in the channel or goes ashore. I am wrong obviously. Luckily I have full insurance: so hopefully if that happens they will fulfil that part of the contract. Quote Link to post Share on other sites
harrytom 640 Posted September 4, 2016 Share Posted September 4, 2016 The boat is sitting on the 3rd party's beach causing damage. So I would have thought the insurance company would pay to have it removed.. I always thought that was a part of 3rd party cover i.e the boat sinks in the channel or goes ashore. I am wrong obviously. Luckily I have full insurance: so hopefully if that happens they will fulfil that part of the contract. Very surprised the council/harbour master has not stepped in and said remove or we will remove and bill you?can only guess its doing no environmental damage just a eyesore for local residents? Quote Link to post Share on other sites
rmiker 15 Posted September 4, 2016 Share Posted September 4, 2016 Yes me too. If the HM did step in: I wonder then if you could invoke any public liability clauses? Quote Link to post Share on other sites
ScottiE 174 Posted September 4, 2016 Share Posted September 4, 2016 Very surprised the council/harbour master has not stepped in and said remove or we will remove and bill you?can only guess its doing no environmental damage just a eyesore for local residents? They did step in, have said, and will remove. They gave him a very reasonable period of two weeks to get his house in order. 1 Quote Link to post Share on other sites
grant 40 Posted September 4, 2016 Share Posted September 4, 2016 I would have have thought that marine 3rd party insurance would cover wreck removal. The HM costs to remove it are a legitimate cost against the owner, so I would expect the third party cover should stump up to cover that. Quote Link to post Share on other sites
wheels 543 Posted September 4, 2016 Share Posted September 4, 2016 I agree with all comments above. I am just repeating what the guy has said. I find it concerning if this is the case and certainly wondering how that could be possible.It's all a bit late now, but it's a pity the Hull was not given a temp patch to enable the Boat to be dragged off at a High tide, when ever one high enough is back in cycle. A bit of work on the Mechanicals and a lot could probably have been saved. But if water is flowing in and out of the Boat twice a day, it will be getting pretty messy inside by now. Quote Link to post Share on other sites
erice 732 Posted September 4, 2016 Share Posted September 4, 2016 whatever price it fell to was it better value than this 40' ferro start price $5k http://www.trademe.co.nz/motors/boats-marine/yachts/keeler/auction-1155532416.htm Quote Link to post Share on other sites
harrytom 640 Posted September 4, 2016 Share Posted September 4, 2016 Now the mooring was rented?so is owner responsible to make sure it was fit purpose? Seeing how they get the notification of what needs to be done to keep safe. Quote Link to post Share on other sites
waikiore 397 Posted September 4, 2016 Share Posted September 4, 2016 Can be surprisingly easy to get rid of ferro boats, I was involved in removing a couple some years ago for a previous Harbourmaster, we tied them to a barge and got them as high as possible on the ramp at Okahu Bay then removed any usable fittings and with a very small bobcat tapping the hull and loading a tip truck reduced to stuff sweepable with the yard brooms within 15 minutes -- nothing to see. A bit sad that somebodies 70's dreams should end up like that - but that is the market. Also the one that hit Tapeka point on its way to join the cruising rally a year or two back dissolved fairly quickly. Luckily I believe other cruisers helped the couple remove a fair bit of their personal gear. Quote Link to post Share on other sites
harrytom 640 Posted September 5, 2016 Share Posted September 5, 2016 http://www.trademe.co.nz/motors/boats-marine/yachts/keeler/auction-1156084744.htm back on for $3k or buy now $10k Quote Link to post Share on other sites
wheels 543 Posted September 5, 2016 Share Posted September 5, 2016 Can be surprisingly easy to get rid of ferro boats, It's not the breaking up of them that is the issue. It's what do you do with the mess. It costs a lot of money to dump now. It would be OK if you can find someone wanting Hardfill, but that is getting difficult too. It costs (or will soon) us $110/tonne to dump here in Blenheim. So if the Boat is 20tonne, ouch. Quote Link to post Share on other sites
wheels 543 Posted September 5, 2016 Share Posted September 5, 2016 back on for $3k or buy now $10k Errr, OK, I'm confused. I thought he originally listed it for $1 reserve and one or two were interested and discussing it. Quote Link to post Share on other sites
ScottiE 174 Posted September 5, 2016 Share Posted September 5, 2016 its academic but nah - was originally on for 5k - go back to page 1 of this thread. Its academic because sadly I don't think anyone would have actually bid on it if it was $1. Quote Link to post Share on other sites
harrytom 640 Posted September 5, 2016 Share Posted September 5, 2016 whole new listing as other one expired this morning Quote Link to post Share on other sites
mattm 98 Posted September 5, 2016 Share Posted September 5, 2016 Not really a fan of his description saying it's worth $60k when fixed, when his attempts to sell it for that much before it became a wreck prove it wasn't. He obviously knows it wasn't worth $60k, because he reduced the price at least a couple of times, and it still didn't sell. Just seems somewhat dishonest. He's basically asking for someone to help him out by buying it, but lying to them in the process, or at least, misleading them by $30k~ 1 Quote Link to post Share on other sites
Black Panther 1,568 Posted September 5, 2016 Share Posted September 5, 2016 Hey Wheels there is a floating footpath next to me at GH, so I asked him about insurance, says he only has 3rd party but that was easy to get. Quote Link to post Share on other sites
rmiker 15 Posted September 5, 2016 Share Posted September 5, 2016 Hey Wheels there is a floating footpath next to me at GH, so I asked him about insurance, says he only has 3rd party but that was easy to get. 12mths ago I wanted 3rd party for my old grp boat and no one would do it! I had to take out full cover or nothing.. Weird. Quote Link to post Share on other sites
madyottie 82 Posted September 5, 2016 Share Posted September 5, 2016 Third party for FC is around $500 a year. For some reason even as third party it's about a hundred more than wood glass or steel. Underwritten by Lloyd's of London iirc. Quote Link to post Share on other sites
wheels 543 Posted September 5, 2016 Share Posted September 5, 2016 Not really a fan of his description saying it's worth $60k when fixed, when his attempts to sell it for that much before it became a wreck prove it wasn't. He obviously knows it wasn't worth $60k, because he reduced the price at least a couple of times, and it still didn't sell. Just seems somewhat dishonest. He's basically asking for someone to help him out by buying it, but lying to them in the process, or at least, misleading them by $30k~ Of course it's worth $60K. Probably more. That fact that someone has not bough it for that yet, does not mean it is not worth that. For instance, Your Home might be worth say $500K. You list it. It does not sell in the first hr. Does that mean it is not still worth $500K?? What if it does not sell in the first Day, or Week? So at the moment with Housing being "hot property", it is likely to sell for that. But till it does, do you say it is not worth the asking amount?? Same with a Boat. A Boat is worth what someone will pay, yes....but summed with time for that someone to come along and the time in which current owner needs to sell. There are many Boats that have been on the market for years that are just in need of the right person. Lets face it, $60K for a vessel that size is cheap. A Family would have a lot of summers of fun out there. My Boat is worth to me what I paid for it. Thanks BP. I didn't know third party was OK for a Marina. Going to look into that. Quote Link to post Share on other sites
Black Panther 1,568 Posted September 5, 2016 Share Posted September 5, 2016 The way to deal with that would be to know the average time to sell in any given market. If you have been on the market 2-3 times that average it is time to adjust the price. Quote Link to post Share on other sites
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