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Old 02-21-2014, 10:42 AM   #88
Art
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City: SF Bay Area
Vessel Model: Tollycraft 34' Tri Cabin
Join Date: Feb 2011
Posts: 12,569
Quote:
Originally Posted by psneeld View Post
Unless specifically stated in your policy...the salvage costs usually come off the top of your agreed upon value.....many people don't know this and things go south from there.

I have waited often on salvaging boats because the owner and salvage company have gone round and round over this issue.
Wooo Tilly!!

That correct?? I ask TF ins guru's to chime in on the "salvage costs" factor mentioned above. Do they actually "...usually come off the top of your agreed upon value..." If so, I'd better contact my agent immediatly, not that I anticipate my boat to sink at all... but, careful is as careful does! Must admit - I did not carefully read through every of the many pages of my boat's ins policy.

On TF... Ya can often learn somen every day!
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