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Here(39)s one for the marine insurance guru(39)s...-gctid394695

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    Here(39)s one for the marine insurance guru(39)s...-gctid394695

    So, a lot of unknowns and little facts to go on.

    But knowing what you know, how do you see this one playing out?

    http://bitterendblog.com/?p=15939
    Pat
    Paragon
    1999 4788

    #2
    Only one question need be asked. Who did the damage? That is whos insurance should pay for it. That is not how it always goes.
    1989 Avanti 3450 Sunbridge
    twin 454's
    MV Mar-Y-Sol
    1979 Bayliner Conquest 3150 hardtop ocean express.
    Twin chevy 350's inboard
    Ben- Jamin
    spokane Washington

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      #3
      Not always the case. The yard usually has you sign a release, claiming liability only on negligence. If they haul it using the sling spots marked on the boat, they're pretty much off the hook.
      Pat
      Paragon
      1999 4788

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        #4
        I don't understand the "new" owner and "old" owner part. There is only one owner, and that is the person that has title. There is a potential new owner, and all the contracts I have done through brokers specify that if there is anything in the survey or sea trial that I don't like or agree to negotiate the deal is off. No matter who ordered the survey and the haul out the owners insurance should pay and then the insurance company can go after whoever they consider to be the guilty party.

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          #5
          Stray Cat wrote:
          I don't understand the "new" owner and "old" owner part. There is only one owner, and that is the person that has title. There is a potential new owner, and all the contracts I have done through brokers specify that if there is anything in the survey or sea trial that I don't like or agree to negotiate the deal is off. No matter who ordered the survey and the haul out the owners insurance should pay and then the insurance company can go after whoever they consider to be the guilty party.
          Correct answer. The present owner is represented by the broker- but he is still the owner with financial interest in the boat. The owners policy should make the owner right (repair the vessel) then us rotate after the yard and possibly the broker.

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            #6
            Pete, you brought in the Broker. Something I hadn't considered. Curious how would they be involved?
            Pat
            Paragon
            1999 4788

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