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Salvage question.

 
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ken35216



Joined: 12 Mar 2013
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City/Region: Destin, Florida
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PostPosted: Tue Sep 04, 2018 1:06 pm    Post subject: Salvage question. Reply with quote

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.

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PaulNBriannaLynn



Joined: 26 Oct 2012
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PostPosted: Tue Sep 04, 2018 2:38 pm    Post subject: Reply with quote

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.
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DavidM



Joined: 24 Dec 2017
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PostPosted: Tue Sep 04, 2018 2:41 pm    Post subject: Reply with quote

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: 569
City/Region: Destin, Florida
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C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
PostPosted: Tue Sep 04, 2018 2:48 pm    Post subject: Reply with quote

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: 569
City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
PostPosted: Wed Sep 05, 2018 7:08 pm    Post subject: Reply with quote

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: 569
City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
PostPosted: Wed Sep 05, 2018 7:39 pm    Post subject: Reply with quote

His ins. co. did say they would pay $500 for towing.
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ken35216



Joined: 12 Mar 2013
Posts: 569
City/Region: Destin, Florida
State or Province: FL
C-Dory Year: 2017
C-Dory Model: 25 Cruiser
Vessel Name: Lady Onyx
Photos: ken35216
PostPosted: Mon Sep 24, 2018 11:29 am    Post subject: Reply with quote

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
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PostPosted: Mon Sep 24, 2018 11:59 am    Post subject: Reply with quote

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.
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ssobol



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PostPosted: Mon Sep 24, 2018 2:06 pm    Post subject: Reply with quote

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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