re: Stolen Boat - UPDATE - Boat Found

Posted by KemoSabe65

70605

Member since Mar 2018

5201 posts

Posted on 1/4/19 at 10:35 am to Neauxla

What insurance company, agree value or acv? Hull/Trailer value isn’t going to be very much without motor and they won’t get much after expenses at auction. My money is on them paying you and letting you keep Boat/Trailer.

Posted by NYCAuburn

TD Platinum Membership/SECr Sheriff

Member since Feb 2011

57002 posts

Posted on 1/4/19 at 10:40 am to KemoSabe65

quote:
Hull/Trailer value isn’t going to be very much without motor and they won’t get much after expenses at auction

They dont send to auction, they just sell to salvage companies who then auction or part them out. Majority of the time, They will have a bid, OP will have a chance to pay that amount or slightly less if he wants it.

Posted by Saskwatch

Member since Feb 2016

16603 posts

Posted on 1/4/19 at 10:44 am to NYCAuburn

quote:
They dont send to auction, they just sell to salvage companies

Or shop it out to local used boat dealers.

dealer pays ins. carrier $1k. and sells hull and trailer for $1.5k (or some other amount)

This post was edited on 1/4/19 at 10:45 am

Posted by glassman

Next to the beer taps at Finn's

Member since Oct 2008

116173 posts

Posted on 1/4/19 at 10:48 am to Neauxla

quote:
UPDATE: NOPD found boat off Almonaster Road

Shocking...

Congrats, hope it is in decent shape.

Posted by SportTiger1

Stonewall, LA

Member since Feb 2007

28504 posts

Posted on 1/4/19 at 11:38 am to Neauxla

quote:
Maybe they will agree and let me keep the rest

im sorry, but

Posted by Neauxla

New Orleans

Member since Feb 2008

33449 posts

Posted on 1/4/19 at 12:56 pm to SportTiger1

quote:

im sorry, but

A man can dream. It was insured under agreed value. I'm trying to see if the trailer was included in that or if I have some wiggle room.

Posted by KemoSabe65

70605

Member since Mar 2018

5201 posts

Posted on 1/4/19 at 1:33 pm to Neauxla

Typically, agreed value separates the trailer and hull/motor. You should be fine, what's the adjuster telling you? Has your agent been involved and how is ya'lls relationship?