Bertram31.com General Bulletin Board

Re: Insurance during restoration

Posted By: Capt. Dick Dean
Date: Wednesday, 27 October 2004, at 8:06 p.m.

In Response To: Re: Insurance during restoration (Jon Wagner)

I'm going thru just about the same thing. Almost. I had the boat insured for $35,000US. But it's worth $65,000US. Boat/US wanted enhancement bills. I had none. I just had the boat suryved for $372US and the guy said "no problem @ $60,000US. So I'm switching companies. Frig Boat/US. Who needs 'em.

Insurance is the transfering of loss to another party. If there is a loss, you don't want to pay. So the insurance co gets the loss. You pay the premiums.

Why not show Boat/US the bills for all the work done and increase the value at the re-fit progesses?

Messages In This Thread

Insurance during restoration
Chiles -- Wednesday, 27 October 2004, at 4:40 p.m.

Re: Insurance during restoration
Capt Patrick McCrary -- Wednesday, 27 October 2004, at 6:44 p.m.

Re: Insurance during restoration
Jon Wagner -- Wednesday, 27 October 2004, at 6:46 p.m.

Re: Insurance during restoration
John F. -- Wednesday, 27 October 2004, at 8:00 p.m.

Re: Insurance during restoration
Capt. Dick Dean -- Wednesday, 27 October 2004, at 8:06 p.m.

Re: Insurance during restoration
bruce -- Wednesday, 27 October 2004, at 8:38 p.m.

Re: Insurance during restoration
Chiles -- Thursday, 28 October 2004, at 11:35 a.m.

Re: Insurance during restoration
Chris Pague -- Sunday, 31 October 2004, at 12:32 p.m.

Re: Insurance during restoration
Chiles -- Monday, 1 November 2004, at 12:11 p.m.

Re: Insurance during restoration
Chris Pague -- Monday, 1 November 2004, at 2:26 p.m.