Insurance Company payments on refloat/salvage

[Cash Bar]

Insurance payment on refloat/salvage

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A good friend of mine has(d) a 24' SeaRay BR. Over the weekend we had monsoon rains. The cover pooled up with water and then split. It dumped a tremendous amount of water into the boat all at once. The bilge pump outlet is only about 6" above the waterline at the stern. It was determined that the weight of the water overcame the pumps and sunk it at the dock.

BoatUS came and refloated and towed to a safe area. Bill was about $3k all in. They took the Insurance claim # and left.

Now, the Insurance company(Allstate) is stating they will only pay $500 of the $3k and deduct the rest from the payout. If he'd known that he said he would've left it sunk and they could have arranged the job.

Does that sound right on the payment? I have had my problems with INS co's and their BS policies before(do a search here) and think they are trying screw him.

 

[DollaBill]

Thats BS. Unless there is some kind of stip in the contract they have to cover it. Which company?

 

[VetteLT193]

I don't understand the order of things. If I saw that my boat sunk I'd probably call the insurance company first and get instructions.

Either way, it seems that Boat Us could make a salvage claim on the boat and take the boat as payment.

 

[Chris]

If Boat US took the insurance claim number, they must have called first.

 

[LaughingCat]

That sucks. Probably should've called the insurance co to arrange towing. But I can understand seeing your boat underwater and wanting to take immediate action,.

 

[BRAD SCHOENWALD]

He should have had a GALTRAC installed with a bilge alarm option, As soon as the the water level lifted the switch his phone would have rung telling him of the problem.

 

[Cash Bar]

For future reference...

 

[rchevelle71]

Sorry to hear this Greg, is this the one that was at Pauls shop? If so, thats too bad, it was a nice boat.

Rick

 

[Cash Bar]

Yep, it was the one Rick. It was a great boat.( For a SeaRay)

 

[rchevelle71]

Yep, it was the one Rick. It was a great boat.( For a SeaRay)

Dont get me wrong, cuz I am an offshore nut(as you know), but the best times of my life were on a 1974 Harris Pontoon boat with a 40 horse merc outboard, towing my 14 foot jet to the center of the lake, for some partying and some skiing off the jet, I seriously considered getting out of the offshore biz, and buying that boat.