note of caution to everyone.
need to check with your insurance provider to be sure
that any claims are not filed under “admiralty” laws…
It is another language and pretty crazy imo. for example,
there is no claim for “loss of use”… so… when for example,
a boat lift fails and dunks your boat underwater for 2 hours…
AND it takes a month or two to get you back in the water…
DON"T expect anything other than exactly that… you’ve killed
2 months… crazy lesson.
r
Are you a commercial fisherman or need your boat for work? Boating is a leisure activity and loss of use does not pertain to “entertainment”. You may have a claim if you were to rent a similar boat, but without seeing a policy I can’t be sure. How would you expect to be compensated for this?
Freshwater is for drinking.
If you’re using a watercraft under a recreational personal policy for commercial purposes, you may some day run to some policy language that looks something like this:
quote:
EXCLUSIONS APPLYING TO ALL COVERAGES (See also Additional Exclusions in the individual Coverage Sections.) This Policy does not cover bodily injury, property damage, or loss: 1. When the insured watercraft is: a. more than 50 miles from a safe port, harbor, or anchorage in the United States or Canada, if the insured watercraft is 26 feet or less in length; b. more than 100 miles from a safe port, harbor, or anchorage in the United States or Canada, if the insured watercraft is greater than 26 feet in length; c. used for a commercial purpose;
Don’t be that guy.
“I am constantly amazed at the stupidity of the general public.”
~my dad
Equipment:
190cc Sea Pro w/130 Johnson
1- 14 year old
1 - 10 year old
1 - wife (The Warden)
ECFC
quote:______________________________________________________
EXCLUSIONS APPLYING TO ALL COVERAGES (See also Additional Exclusions in the individual Coverage Sections.) This Policy does not cover bodily injury, property damage, or loss: 1. When the insured watercraft is: a. more than 50 miles from a safe port, harbor, or anchorage in the United States or Canada, if the insured watercraft is 26 feet or less in length; b. more than 100 miles from a safe port, harbor, or anchorage in the United States or Canada, if the insured watercraft is greater than 26 feet in length; c. used for a commercial purpose;
Well Claim that little rider is sure an eye opener. I am going to check the fine print on my policy today!! Thanks
Key West 196;150 Yammie
Life Is Good…Gotta Love It!!!
hi all…
recreational use only…
engines were dunked when the lift failed dues to corrosion of the
electronics.
as far as compensation goes… i had hoped for engines to be
replaced by the insurance company… the company will pay
“blue book” value toward replacement… but they will not do any
of the leg work to help… and…seem reluctant to pay for mounting
and in this case to replace the bracket… which was not damaged…
but will need to be repalced for upgraded engines…
this is simply meant as a friendly suggestion to check your
policy AND the policy of your marina so you can avoid this problem…
i’m learning an expensive lesson… no need for us all to pay the
same price.
r
roy
quote:
Originally posted by royflynnhi all…
recreational use only…
engines were dunked when the lift failed dues to corrosion of the
electronics.as far as compensation goes… i had hoped for engines to be
replaced by the insurance company… the company will pay
“blue book” value toward replacement… but they will not do any
of the leg work to help… and…seem reluctant to pay for mounting
and in this case to replace the bracket… which was not damaged…
but will need to be repalced for upgraded engines…this is simply meant as a friendly suggestion to check your
policy AND the policy of your marina so you can avoid this problem…i’m learning an expensive lesson… no need for us all to pay the
same price.r
roy
More fun with insurance policies:
quote:
1) the Limit for Coverage A shown in the Declarations; or (2) the market value of the insured watercraft just prior to the loss as reasonably determined by the selling prices of similar watercraft or published boat price guides with consideration for its age, condition, and equipment.
That’s kinda how it works. When you have a covered loss, you get indemnified on the Actual Cash Value of your property. Some policies carry Replacement Value but you can not be paid more than the policy limit or the value to replace the property with like kind and quality. You might even be offered to repair with remanufactured equipment. Those kinds of things usually carry a decent warrant from the remanufacturer.
Anyway. Think of your boat as being like a car…if you own a Pinto and you get in a wreck, you can’t get a better quality ca
claim…
you have PM…
any help appreciated
r
roy
Replied via PM.
Good luck.
“I am constantly amazed at the stupidity of the general public.”
~my dad
Equipment:
190cc Sea Pro w/130 Johnson
1- 14 year old
1 - 10 year old
1 - wife (The Warden)
ECFC
claim.
thanks for the help.
r
roy