Thread: Boat flip
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Old 07-05-2012, 02:58 PM   #13
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City: Hailing Port: Charleston, SC
Country: USA
Vessel Name: Moonstruck
Vessel Model: Sabre 42 Hardtop Express
Join Date: Nov 2008
Posts: 8,178
Originally Posted by rwidman View Post
Insurance will cover this accident. Just because you do something stupid doesn't mean you are not still covered by your insurance policy. If it did, they would never have to pay a claim.

edit: The owner's liability may exceed the policy limits with three deaths and multiple injuries, but he will be covered up to those limits.
You can believe that the damage award will exceed insurance limits. This guy will be financially ruined. I know of a SeaRay dealer that was doing well, but had to sell the business to settle an over insurance limit award.

I know someone cruising a large Krogen today because a business partner had to sell cheaply to settle the same. If there are any assets, they will be attached.
Don on Moonstruck
Sabre 42 Hardtop Express & Blackfin 25 CC
When cruising life is simpler, but on a grander scale (author unknown)
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