Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 25-08-2008, 19:16   #1
Registered User

Join Date: Jul 2007
Location: Tampa Bay
Boat: Columbia 8.7 As You Wish III
Posts: 164
Insurance/Salvage

Hope you all don't get tried of answering questions.

I came across a 82 Catalina 30 for a very low price. When I talk to the person who is selling he indicated: he had purchased the boat from a insurance company. the problem with the boat was it took on about two feet of water. He is too busy with some other insurance projects and wants to sell the boat. He has clear title.

I am skeptchtial not aware of insurance companys taking a beating, though my current boats history is very simular it was purchased to obtain the inboard Yanmar nothing else much wrong with it other than, to me normal stuff; electrical update, cushions recover, varnish and more varnish etc

Anyone with experience on this
__________________

__________________
ksmith is offline   Reply With Quote
Old 25-08-2008, 19:54   #2
Registered User
 
psteele235's Avatar

Join Date: May 2007
Location: Rowayton, CT
Boat: De Kleer Fraser 30
Posts: 218
Take a very close look to determine why it took on about two feet of water. If it was a grounding etc there may be some damage to the hull, stringers etc.
__________________

__________________
Work is the curse of the boating classes

Patrick
psteele235 is offline   Reply With Quote
Old 25-08-2008, 20:13   #3
Registered User

Join Date: Jul 2007
Location: Tampa Bay
Boat: Columbia 8.7 As You Wish III
Posts: 164
Thanks.

Never thought of that. The pictures did not show a hole. Figured it was at the slip. Failed bilge pump. Will dig deeper.
__________________
ksmith is offline   Reply With Quote
Old 25-08-2008, 21:55   #4
Moderator Emeritus
 
Pblais's Avatar

Join Date: Mar 2003
Location: Hayes, VA
Boat: Gozzard 36
Posts: 8,700
Images: 15
Send a message via Skype™ to Pblais
Quote:
Hope you all don't get tried of answering questions.
We just don't know how to stop. Go figure. Not a problem.

Some details and digging would clearly be in order. When the insurance company "totals" a boat it can often be purchased quite cheaply. Fixing it up though usually is at a point that the company prefers to pay off the insured and recover anything it can on a sale. If they think so it's because they investigated it and came to the conclusion not to throw good money after bad.

They screw up from time to time, but not most of the time. You can't be an insurance company screwing up most of the time. Might be great or might be your worst nightmare. Funny how being suddenly "too busy" got to the top of the priority on a boat bought cheap. You'll need a keen eye to say no to this one. If you really can't tell then you need good help or run away fast. This is not amateur experience time. Little details can add up to large dollars. It needs a complete looking over.
__________________
Paul Blais
s/v Bright Eyes Gozzard 36
37 15.7 N 76 28.9 W
Pblais is offline   Reply With Quote
Old 26-08-2008, 07:58   #5
Registered User

Join Date: Jul 2007
Location: Tampa Bay
Boat: Columbia 8.7 As You Wish III
Posts: 164
Paul

You certainly hit most of my concerns.

Insurance Companys are not as a rule stupid about money. On the other hand they are limited to having everything done out of house (so to speak). IE No friend who sews and can get a employee discout at the fabric store, no one in the office is going to measure the standing rigging and rerig while the mast is down, no one in the office is going to strip and revarnish the teak, etc. Those kind of things do not come cheap when hired out.

Your other point is what worrys me. My lack of knowledge is staggering.
Did the owner leave his boat unattended, bilge pump not pumping or a hose gone bad or a thru hull. Lot to consider.

Want to go for a ride Wednesday
__________________
ksmith is offline   Reply With Quote
Old 26-08-2008, 09:07   #6
Moderator Emeritus
 
Pblais's Avatar

Join Date: Mar 2003
Location: Hayes, VA
Boat: Gozzard 36
Posts: 8,700
Images: 15
Send a message via Skype™ to Pblais
Afraid I can't go that far for just a ride.

You can look yourself and look for signs of where the water was. It's almost impossible to remove all the stains so look in the darker corners if they are not obvious. I bet they are obvious. Look for poor attempts to fix anything as they should be obvious too. There really are an unlimited number of things possible and even on a boat not subjected to this type of disaster can have the same problems even if not actually expected or disclosed.

There may be more Catalina 30's out there than almost every other of boat made in modern history. It means a few things. You can always find one cheap. You might find parts easily. You'll find a lot of experience so that means help is available. They are popular too.

Given all that if the boat really isn't in that great a shape great you could shop some place else and be money ahead, time ahead, have a better boat, and with fewer problems. If this was a rare find of an unusual and desirable boat then you might invest in something like that.

I would go look and see what you can. Maybe take a few pictures and get a feel if it just plain looks like it has potential. Then do a quick yachtworld.com search on Cat 30's and see what is out there for sale now. Given a pool of older boats of a similar design I say always go with the best one out there. Buying the ugly sister does not save you that much money.

It follows the topic of the "free boat". We used to have the topic come up regularly but it has not for a while. The free boat bleeds you to death slowly and completely. Then you pay to have it hauled away. You just don't want to pay this seller to haul his free boat away. Once one owner is drained the rest follow even quicker.
__________________

__________________
Paul Blais
s/v Bright Eyes Gozzard 36
37 15.7 N 76 28.9 W
Pblais is offline   Reply With Quote
Reply

Tags
salvage

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance Tigerlily General Sailing Forum 55 12-03-2009 20:27
salvage rights swami maximus Off Topic Forum 6 23-01-2007 02:48
salvage rights sluissa Off Topic Forum 11 22-01-2007 12:50
tow or salvage? tauras Dollars & Cents 0 07-09-2004 17:09



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 18:26.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.