aardvarkash10 960 Posted March 3 Share Posted March 3 Not sure what the vessel is, or the reason for the sinking Quote Link to post Share on other sites
K4309 262 Posted March 3 Share Posted March 3 Looking at the increasing complexity of insurance requirements, the impossibility of parking your boat anywhere without insurance, and the near impossibility of selling your boat if you haven't met all the insurance requirements - not to mention the near impossibility of selling your boat in the current market, even if it is in top shelf condition, I suspect there will be one or two owners that take the 'nasty accident' option to deal with their current floating liability. PS, not saying or implying that has happened in these situations, I'm just saying the options for dealing with existing boats is becoming increasingly fraught. 1 Quote Link to post Share on other sites
harrytom 644 Posted March 4 Share Posted March 4 When my first one sank the insurance company sent down a marine/insurance inspector.Who throughly examined all sea fitting.Sent the offending engine water intake valve to a metal fatigue inspection place and the result was .The fitting failed due to the composite make up of the valve, electrolysis, bonze hull fitting with a stainless steel tap and a copper tail. Basically disintegrated. So where insurance companies feel these concern they will throughly inspect. Mine was not obvious due to corroding from inside out. The yacht had a marine survey 6 months earlier on purchase. The yacht at Panmure will only be 1 of many over the months yrs,its a grave yard for some die then be brought cheap by our friend rudolf to on sell to another unsuspecting customer 1 Quote Link to post Share on other sites
motorb 26 Posted March 4 Share Posted March 4 yeah while I'm sure some might see this as a way out of their predicament, I'd fully expect insurance companies to be extremely prejudiced in their assesssment of such losses. 1 Quote Link to post Share on other sites
harrytom 644 Posted March 4 Share Posted March 4 Bigger picture is most of these older vessels don't have insurance So it falls on rate/tax payers to dispose of. Quote Link to post Share on other sites
waikiore 399 Posted March 4 Share Posted March 4 The ketch? rig in the Tamaki looks fairly big? Quote Link to post Share on other sites
harrytom 644 Posted March 4 Share Posted March 4 went down 26/2/204 Quote Link to post Share on other sites
aardvarkash10 960 Posted March 4 Author Share Posted March 4 do you know the yacht at all? Check out the state of the one behind it... Quote Link to post Share on other sites
waikiore 399 Posted March 5 Share Posted March 5 I recall the one behind it , its GRP but has circumnavigated. (Gravel Rocks & Pebbles) 1 Quote Link to post Share on other sites
harrytom 644 Posted March 5 Share Posted March 5 No I don't.Friend lives on his and he doesn't know whose it is either. Just asked friend for name if yacht/owner.He sent me the photo back in Feb 1 Quote Link to post Share on other sites
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