Peter T Rocco
Member
- Nov 14, 2020
- 52
- Boat Info
- 310 Sundancer 2000 , Raymarine C120
- Engines
- Twin 300 HP MAG MPI Horizon V-Drive
I have SkiSafe for my boat insurance, I bought the boat at the very end of the season so there was not enough time to have a survey done before trailering it 1000 miles because the marina was closing up within the next few days and it had to be out of the water. If they would have put it in storage I would have had to winterize it and not be able to get to it before April 2021. SkiSafe was willing to write the policy without the survey but charged accordingly. I bought the policy before the transport down in case something bad happened like a semi running over it and having a pile of shredded fiberglass all over I-75 in Atlanta. One of there questions SkiSafe asked was the boats value and condition. I told them that the boat had 519 hours on both engines, was in very good condition and I placed the value at $55,000. It was the cleanest 310 DA I found used after a very long search. The boat looks like its 3 years old from top to bottom.
Well at 529 hours I hit something on the intercoastal around Ponce Inlet FL. and the damage was quoted at almost $29,000. After SkiSafe sending out a surveyor to inspect the boat and the damage they sent me a email with the claim settlement. Out of the $29,000 they want to settle the claim for $3,600. I questioned the settlement total and they explained that the port engine that is now junk has NO value because it is 20 years old and they depreciated the rest of the claim almost $14,000 because of the boats age. I paid $3000 for a one year policy so it was not cheap because the boat was in there word old and worthless.
Has anyone heard of anything like this? The seller and broker I bought the boat from thought the engines had value. I have looked everywhere and can not find anyone giving away a motor because they have no value. Used 5.7 300hp fresh water cooled motors are brining $6,000 plus with a lot more hours than I have. Where do I find these free low hour motors with free shipping?
Well at 529 hours I hit something on the intercoastal around Ponce Inlet FL. and the damage was quoted at almost $29,000. After SkiSafe sending out a surveyor to inspect the boat and the damage they sent me a email with the claim settlement. Out of the $29,000 they want to settle the claim for $3,600. I questioned the settlement total and they explained that the port engine that is now junk has NO value because it is 20 years old and they depreciated the rest of the claim almost $14,000 because of the boats age. I paid $3000 for a one year policy so it was not cheap because the boat was in there word old and worthless.
Has anyone heard of anything like this? The seller and broker I bought the boat from thought the engines had value. I have looked everywhere and can not find anyone giving away a motor because they have no value. Used 5.7 300hp fresh water cooled motors are brining $6,000 plus with a lot more hours than I have. Where do I find these free low hour motors with free shipping?
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