I've been researching the matter for some time. Here are my conclusions so far.
There are people on the islands already actively searching for deals. Hard to say if any of them got lucky.
There also are "flippers" (from "flip"), who know how to get boats for free (or at cost of pulling sunken boats from water). Flippers do clean and then resell sunken POS calling them "great projects", trying to make 100's of thousands on the spot, "flipping" them. Few of these "cleaned" boats already appeared on web-sites. I feel really sorry for these poor guys who will buy such boats. They are not even hulls - they have to be completely stripped and repaired
water, structural and cosmetic damage to become empty
hull.
There almost certainly will be really good deals on reasonably damaged boats. But these boats most likely will go to a) "friends" of these in charge, b)again, to "flippers" (and will be on the market later at much-much higher price) and c) other "special people". The rest will be either scrapped or
sold in bulk to
salvage companies.
So if you want to try your luck, you need to be on
BVI in person, and your luck will be not to find a
boat, but to find a person, who will help you to buy that
boat. As you might guess,
insurance companies are extremely busy to deal with some strangers, every
insurance company has own policies etc., etc. So there should be someone who's not a "stranger" to them, and they don't mind spending some time on him.
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