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ken35216
Joined: 12 Mar 2013 Posts: 574 City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
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Posted: Tue Sep 04, 2018 1:06 pm Post subject: Salvage question. |
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One of my oldest friends just called me. He just bought a 36 foot sailboat in Ft Lauderdale and moved it to a mooring ball, in Miami, this past weekend. He didn't have time to replace all the lines. Tropical Storm Gordon paid them a visit and the boat broke free from the mooring. No one was on the boat at the time.
A guy at the marina (who is in the salvage business) secured the boat and tied it off at the marina dock. My buddy asked him how much he owed him and he said just give me the name of your insurance company. My buddy paid cash for the boat and only bought liability.
It sounds like my buddy may be screwed from what I've researched. _________________ 2007 25 Cruiser 150 Suzuki (2013-2016)
2017 25 Cruiser 200 Yamaha (2017-present) |
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PaulNBriannaLynn
Joined: 26 Oct 2012 Posts: 757 City/Region: Fort White
State or Province: FL
C-Dory Year: 2007
C-Dory Model: 22 Cruiser
Vessel Name: TBD
Photos: Lorelei
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Posted: Tue Sep 04, 2018 2:38 pm Post subject: |
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You may be right. I'm not an expert on this. Georgia and South Carolina have marine salvage rights for the person recovering the vessel. Florida does not, but I believe the salvager has the opportunity to put a lien on the title for a percentage of its value (10%?). It's not a good position to be in and I'm guessing the salvage business guy knows how to take full advantage of this situation. They may be able to work something out now that he realizes the insurance company is in the clear. It may not be worth the fight if the vessel has limited value. _________________ 2007 22 cruiser sold 10/2021
2009 Parker 23 sold 10/2017
2003 22 cruiser sold 3/2016 |
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DavidM
Joined: 24 Dec 2017 Posts: 196 City/Region: Punta Gorda
State or Province: FL
C-Dory Year: 2006
C-Dory Model: 22 Cruiser
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Posted: Tue Sep 04, 2018 2:41 pm Post subject: |
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Maybe but probably not.
This does sound like a salvage claim. It was due to a storm that easily could have washed the boat up on shore (and rocks?). That seems to meet the definition of salvage, that there was an immanent threat of loss of life or property.
But I think these salvage guys know that collecting against your friend directly will be time consuming and expensive. Making a claim against your insurance company is easy and insurance often pays. But when they figure out that your friend has no hull coverage then they may drop it.
David |
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ken35216
Joined: 12 Mar 2013 Posts: 574 City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
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Posted: Tue Sep 04, 2018 2:48 pm Post subject: |
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PaulNBriannaLynn wrote: | It may not be worth the fight if the vessel has limited value. |
'79 O'Day CC worth $25k tops. |
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ken35216
Joined: 12 Mar 2013 Posts: 574 City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
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Posted: Wed Sep 05, 2018 7:08 pm Post subject: |
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My buddy talked to his liability insurance carrier today. They said the guy that towed his boat to the marina was demanding $5100. |
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ken35216
Joined: 12 Mar 2013 Posts: 574 City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
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Posted: Wed Sep 05, 2018 7:39 pm Post subject: |
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His ins. co. did say they would pay $500 for towing. |
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ken35216
Joined: 12 Mar 2013 Posts: 574 City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
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Posted: Mon Sep 24, 2018 11:29 am Post subject: |
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I just found out that his insurance company (a liability only policy) paid $5,200 to the "salvage guy" who towed his boat from the mooring field to the doc.
This blows my mind. |
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Fairbro
Joined: 02 Nov 2003 Posts: 313 City/Region: Prescott
State or Province: WI
C-Dory Year: 2001
C-Dory Model: 22 Cruiser
Vessel Name: Minnie Swann
Photos: Minnie Swann
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Posted: Mon Sep 24, 2018 11:59 am Post subject: |
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Insurance company adjusters like claims to skip across their desk, not linger. I tried to report an auto claim insurance fraud once in person (with photos) and the adjuster couldnt get rid of me fast enough. _________________ Gary & Gerrie former Minnie Swann owners
It's something in the water! |
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ssobol
Joined: 27 Oct 2012 Posts: 3396 City/Region: SW Michigan
State or Province: MI
C-Dory Year: 2008
C-Dory Model: 22 Cruiser
Vessel Name: SoBELLE
Photos: SoBelle
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Posted: Mon Sep 24, 2018 2:06 pm Post subject: |
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The adjusters may want claims to go fast, but that is not always the case with the department that makes the payouts. I have a relatively minor claim pending with my car insurance for a few weeks now. The adjuster doesn't know why the payout hasn't been made, just that it is handled by someone else. |
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