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Old 03-15-2018, 10:12 AM   #6
Pau Hana
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City: Seattle, WA
Vessel Name: Pau Hana
Vessel Model: 1989 PT52 Overseas Yachtfisher
Join Date: Aug 2012
Posts: 2,643
I love wood boats- and know that owning one means having the fiscal resources to maintain the vessel. That is the reason I would not own one.

I would take the total loss settlement and move on. As mentioned earlier, fewer and fewer yards want to deal with wood boats, and the insurance markets offering coverage are certainly dwindling. Those still insuring wood boats are demanding and getting significantly higher premiums for decreasing coverage.
Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!

1989 52' PT Overseas yachtfisher
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