Boat Dropped During Haulout

[DeepFrz]

Is the yard going to make you whole?

[AllezCat]

Originally Posted by amarinesurveyor

I hope the yard is stepping up like I think they are! Sounds like no help from the insurance company.

So far so good

[AllezCat]

Originally Posted by DeepFrz

Is the yard going to make you whole?

I Have no reason to think not.
What do you call 10 insurance companies at the bottom of the ocean?

[Capt Phil]

AllezCat... a good start! Capt Phil

[LoveMyWoodie]

"What do you call 10 insurance companies at the bottom of the ocean?"

Dead in the bottom of the ocean?

[Rhapsody-NS27]

Originally Posted by AllezCat

What do you call 10 insurance companies at the bottom of the ocean?

A good start

[AussieGeoff]

Originally Posted by Dan_78

A good start

NOT ENOUGH!

AussieGeoff

[AllezCat]

it sure would be a good start.

so lets say i sign-off on having no claims for the year.
And they return my entire premium - nov 2010 - nov 2011 - <= 10k.
they have spent some time "working" on this claim - surveyor/admin time.
I probably will not need them - and likely need lawyer to handle them anyway.
And if yard doesn't repair would have to hire lawyer anyway.
So everything should be fine.
BUT, what could the insurance do on a nefarious level? Charge me for surveyor time?
And why would they be so keen to do it? Surely they could subrogate this claim anyway...

[Blue Stocking]

Sounds more like an UNSURE-ance company to me.

I would go to great lengths to ensure their is no baggage attached to their "benevolence".

[Rakuflames]

Originally Posted by AllezCat

it sure would be a good start.

so lets say i sign-off on having no claims for the year.
And they return my entire premium - nov 2010 - nov 2011 - <= 10k.
they have spent some time "working" on this claim - surveyor/admin time.
I probably will not need them - and likely need lawyer to handle them anyway.
And if yard doesn't repair would have to hire lawyer anyway.
So everything should be fine.
BUT, what could the insurance do on a nefarious level? Charge me for surveyor time?
And why would they be so keen to do it? Surely they could subrogate this claim anyway...

Surely would like to know who you were insured with ...

[xymotic]

If I had a pending claim, I would SURELY consult an attorney before signing off an insurance company. IF the yard decides for any reason you are a jerk, they may say ** and then what?

The insurance co is liable for WAY more than the premium if they have to cover the expense of a repair elsewhere.

[svHyLyte]

Originally Posted by AllezCat

it sure would be a good start.

so lets say i sign-off on having no claims for the year.
And they return my entire premium - nov 2010 - nov 2011 - <= 10k.
they have spent some time "working" on this claim - surveyor/admin time.
I probably will not need them - and likely need lawyer to handle them anyway.
And if yard doesn't repair would have to hire lawyer anyway.
So everything should be fine.
BUT, what could the insurance do on a nefarious level? Charge me for surveyor time?
And why would they be so keen to do it? Surely they could subrogate this claim anyway...

I have refrained from making any comments on this thread as I felt I could offer no more than others have already provided but on this matter I think/know you are making a mistake. You have/had a contractual relationship with your insurer to provided coverage for losses. Your obligation was to pay the premium for such coverage, which you did. Your insurer's obligation is, accordingly, to cover your losses save any exclusions stipulated in your policy. Based upon the discussions to date, it would seem that you may/certainly will have losses not entirely covered by the boatyard that should be picked up by your insurer. You waiving coverage in return for a refund of your premium will let the insurer off the hook and very likely for far less than its obligatory liability at this point.

While I can appreciate your reluctance to involve an attorney, failing to do so at this point, and waiving coverage, is the height of folly unless you are so well-to-do that the consequential costs to you will be immaterial. If the insurer refuses to fulfill its contractual obligations it will remain liable for such obligations, and your legal fees and putative payments which--due to fallout from insurers trying to avoid paying claims in recent hurricane events--are not insubstantial in Florida.

At the least you need to consult with competent legal counsel before taking any action on this alternative.

FWIW...

[foggysail]

Originally Posted by AllezCat

So
Not an update - just a comment - request for advice
Lots of interesting events have taken place.
Drama drama drama - I will update every most details.
It will be very educational for most boaters.
but not yet...

My insurance company broke up with me.

I did tell them to **** off - and I would go elsewhere.
I just realized it expires in 2 days.
oops...
I had negotiated about 3k in rebate from previous year, reduced rate, extended cruising area -etc.
So I said I'd give them another chance.
They told me to **** off.

WOW!!! Was that spoken in the King's English? At this point in time, do you think your insurance company needs you more than you need them????

Good luck, you're going to need it. Just hire your own attorney at $400+/hour, show them your mettle.

Foggy

[Therapy]

Originally Posted by svHyLyte

While I can appreciate your reluctance to involve an attorney, failing to do so at this point, and waiving coverage, is the height of folly unless you are so well-to-do that the consequential costs to you will be immaterial. If the insurer refuses to fulfill its contractual obligations it will remain liable for such obligations, and your legal fees and putative payments which--due to fallout from insurers trying to avoid paying claims in recent hurricane events--are not insubstantial in Florida.

At the least you need to consult with competent legal counsel before taking any action on this alternative.

FWIW...

Agreed.

I would not let the insurance company off the hook for some small cash. You may need them and more of their cash later.

[speciald@ocens.]

You are not alone see this

Very expensive mistake (in photos for the people who like to complain) - YouTube