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Dealing with insurance-gctid807577

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  • Karl_Hungus
    replied
    I guess I'll just have to see. I don't know where they come up with these numbers. I just want my boat fixed.

    Leave a comment:


  • boatworkfl
    replied
    "Karl Hungus" post=807577 wrote:
    Hello everybody. I think I have a problem on the horizon and would love to get a little insight so I'm ready to negotiate when the time comes. I wrecked my boat and I think they're going to total it. I have an actual cash value policy with Boat US and the NADA guide says it's fair market value is $19,250 and I owe the bank 13k to pay it off. The deductible is $500 and the damage was estimated at 15k. They are sending a surveyor out next to verify that none of the damage is from an earlier incident. It clearly isn't so it wont be a problem. I put work into it and I want to keep the boat. From what I'm seeing it's about 7k or so to fix it. What is a fair price to pay for the boat if they total it ? I don't want to low ball them and lose my boat to some salvage company. I'm in a jam here because whatever I do I'm gonna have to come up with the $$$ to fix it. Granted I wouldn't have a payment anymore so that's pretty sweet but I'm probably going to lose the season over this. I guess the biggest thing right now is to make sure I get the boat back without overpaying for it. I'm seeing all different percentages people recommend for salvage value out there. Has anybody dealt with this before firsthand ?
    Quite often the insurance company may put it up for bid, or sell it back to you, make a low offer they may take it rather than be stuck with it for salvage, they do not want your boat.

    Leave a comment:


  • Karl_Hungus
    started a topic Dealing with insurance-gctid807577

    Dealing with insurance-gctid807577

    Hello everybody. I think I have a problem on the horizon and would love to get a little insight so I'm ready to negotiate when the time comes. I wrecked my boat and I think they're going to total it. I have an actual cash value policy with Boat US and the NADA guide says it's fair market value is $19,250 and I owe the bank 13k to pay it off. The deductible is $500 and the damage was estimated at 15k. They are sending a surveyor out next to verify that none of the damage is from an earlier incident. It clearly isn't so it wont be a problem. I put work into it and I want to keep the boat. From what I'm seeing it's about 7k or so to fix it. What is a fair price to pay for the boat if they total it ? I don't want to low ball them and lose my boat to some salvage company. I'm in a jam here because whatever I do I'm gonna have to come up with the $$$ to fix it. Granted I wouldn't have a payment anymore so that's pretty sweet but I'm probably going to lose the season over this. I guess the biggest thing right now is to make sure I get the boat back without overpaying for it. I'm seeing all different percentages people recommend for salvage value out there. Has anybody dealt with this before firsthand ?
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