Many of these boats suffered superficial damage due to the large surge and were washed on the hard
. Im at a municipal marina and the city is raping us big time. Because they had built the floating docks using pilings that were only 7 1/2 feet above mean the entire marina floated off 1/4 mile.
The city will not let our insurance companies touch our boats. Instead we must use their contractor. The cost to lift
our boats is disgusting. To lift
$155.00 per foot, to stage on stands in the parking lot, $23.00 per foot, to splash, $75.00 per foot, total $253.00 per foot! The total cost for my 32' O'Day is $8096.00!
The insurance adjuster told me that they will total a boat if the damage is around 50%. I think this includes the salvage
cost because my neighbor had his 27' Catalina
insured for a flat amount of $12K and they totaled his boat. His damage consisted of the rudder
and shaft being damaged with a repair estimate of $3k. (could be done for $1200.) Many at my marina only had liability and cannot afford this extortion and must walk away from their boats. Ive seen a nice 40' that will probably go to auction
because the owner cant pay $10,120.00. The boat has very minor scratches. Its an outrage.
There are a lot of boats that the owners didnt secure properly and left the sails
and biminis on that were shredded. Hell that damage alone can exceed $6500. For example, if the boat was 35' the salvage
would be $8855.00 and with the canvas
damage the total loss would be $15,355.
With so many boats being auctioned down here I dont think anyone would need to buy a boat that has been submerged, in fact I advise against it, but if youre looking you just might find a deal.