Guest Posted February 7, 2012 Share Posted February 7, 2012 so. waiting for a phonecall from my insurance assessor. after a little fight with a rock, waiting to hear whether the boat will be written off or not. hoping for no cause it took a long time to find what we got, but boatbuilder said it would be pretty marginal. grrr anyone spotted any good buys for under 20k (just in case...)?? stressed d Link to post Share on other sites
Marshy 30 Posted February 7, 2012 Share Posted February 7, 2012 What was the old boat? Link to post Share on other sites
Guest Posted February 8, 2012 Share Posted February 8, 2012 A chris white 26. had been altered a bit tho so has a walk thru transom, better interior etc. Link to post Share on other sites
Guest Crafty 1 Posted February 8, 2012 Share Posted February 8, 2012 A chris white 26. had been altered a bit tho so has a walk thru transom, better interior etc. Not the one on trademe for a while there? .... ...no Link to post Share on other sites
Murky 1 Posted February 8, 2012 Share Posted February 8, 2012 Usually possible to negotiate...something...if you like the boat that much, and would rather invest some of your time and $ into ressurrecting what you had rather than taking your chances by going back into the market. There are generally parts of what the boatbuilders have to price at commercial rates (sanding is the most common one, removing fittings is another) that you can do to reduce the overall cost. So if it's the boat you'd rather have, "written off" from an insurance perspective need not mean gone forever. And I daresay your insurance company would rather not break your heart as long as it doesn't cost them any more than it would have. Link to post Share on other sites
Fogg 427 Posted February 8, 2012 Share Posted February 8, 2012 So to build further on Murky's note, even if they do regard it a total loss aka 'write off', they should offer you the option to buy back the wreck at salvage value, which would leave you some cash to put towards repairs. Obviously I don't know the exact numbers but suppose they agreed to pay out full insured value e.g. $20k and then the wreck which is now owned by the insurance company was valued at $12k, then you could buy it back from them for $12k, meaning you would walk away with your boat in it's current condition plus $8k cash in hand. Which may or may not be an appealing option depending on the exact numbers they offer and your propensity for some DIY. But they might still offer to repair it, so it's not over yet. Link to post Share on other sites
wheels 543 Posted February 8, 2012 Share Posted February 8, 2012 Damn rock, just swam out in front of you huh?? A boat like that for $26K is a tall order, but they do come up every now and then. For just a Tad wee bit more, there is a lovely and very fast Red thing forsale, that is listed below in the Classifieds. Link to post Share on other sites
Atom Ant 0 Posted February 9, 2012 Share Posted February 9, 2012 Atta boy Wheels! Link to post Share on other sites
Megwyn 2 Posted February 9, 2012 Share Posted February 9, 2012 I see the price has dropped again too - he must be getting desperate. Link to post Share on other sites
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