must be nice!!!!!My last boat was insured for the new price then 8 years later became a total loss and of course got the full agreed value. 8 years of use and got every dime that it cost back.
must be nice!!!!!My last boat was insured for the new price then 8 years later became a total loss and of course got the full agreed value. 8 years of use and got every dime that it cost back.
I'm now curious what the buy back price would be... wheels turning in my headMy gut is because of the outdrive, it's going to be a total loss and they will then offer you to be able to buy it at the salvage value and deduct that from the agreed value amount they will pay you. .
Betting it will be maybe 500$. I had the option to buy mine for what amounted to 22% of the insured value which was the salvage value but didn't have any use for it so watched it go up for auction online. The copart auctions (Copart auctions off insurance vehicles) don't tell you what it sold for but the last bid I saw on it a day before the hammer was almost exactly what the salvage value was. Mine was totaled because the company that was supposed to store it inside, instead stored it outside behind their storage facility, bow down, no cover when they ran out of room and water intruded after it was completely full of water sitting for 8 months or so. Looked like a brand new boat and had only a few years worth of hours on it so I'm betting whoever bought it wondered what the heck it was doing at an insurance auction. If I was a dbag, I could have kept it and sold it to an unsuspecting person because if you didn't know the boat, you wouldn't realize it was water logged. It was an interesting experience to go through because things don't work like you are used to when totaling a car with insurance.I'm now curious what the buy back price would be... wheels turning in my head
Agreed value is a wonderful thing. My last boat was insured for the new price then 8 years later became a total loss and of course got the full agreed value. 8 years of use and got every dime that it cost back.
A buddy of mine had a shed collapse from heavy snow on his boat. He received full value too on his older boat..
Theres a special place in hell for thieves like that.Me if the tire was there I would of changed it.Ialways have my 18v l-ion impact gun and 2 batteries and impact sockets plus 2 ton jack and assorted other tools in truck at all times.Changed my brothers blown tire on his trailer up at the camp launch in exactly 10 minutes.That impact is so friggin handy.
There is an important message there. By your sharing this story here you have probably helped a bunch of us from future theft. I would bet a good majority of us will now carry tire changing equipment or at least not leave our boats on the side of the road in search of repair tools or parts. Although this is a terrible story and must have been horrible to live through, you still managed to help a bunch of us by sharing this story here. For that I thank you. This forum is all about learning and sharing storys. You have done both. It is a shame but a truer statement hasn't been uttered, "bad things happen to good people." Thanks for looking out for people here that you likely won't ever meet. True statement of your character there.Glad this seems to be working out in your favor with down time and a bad taste in your mouth the worst for now. Just wanted to say that even though I normally pack tools that would include the ability to change tires....
I now have a tire iron permanently attached to my trailer. (Secured against accidental dislodgement)
.
Glad this seems to be working out in your favor with down time and a bad taste in your mouth the worst for now. Just wanted to say that even though I normally pack tools that would include the ability to change tires....
I now have a tire iron permanently attached to my trailer. (Secured against accidental dislodgement)
.