View Single Post
Old 05-25-2023, 11:34 AM   #5
ksanders
Moderator Emeritus
 
ksanders's Avatar
 
City: SEWARD ALASKA
Vessel Name: DOS PECES
Vessel Model: BAYLINER 4788
Join Date: Feb 2011
Posts: 6,266
Quote:
Originally Posted by PMF1984 View Post
So to put some numbers —. the boat was insured for 125. The value at the time of the survey was 157. But the insurance company would not give me cover for more than 125.

The salvage value, according to the insurance company, is 10-20, and insurance company is offering up 15 for an agreed value.
To me it seems the insurance co would let you keep the salvaged boat and pay you 125-15 or 110 minus your deductible.
__________________
Kevin Sanders
Bayliner 4788 Dos Peces
Seward, Alaska - La Paz, Baja California Sur
https://maps.findmespot.com/s/XLJZ#history/assets
ksanders is offline   Reply With Quote