Thoughts? Just I was glad to help you catch this. Most do not know this BIG HOLES in heir coverage stuff until they are screwed after the boat is destroyed. One rare occurrence is the boat is over Capacity plate HP rating. They offer no coverage but will take you money until you tell them and pay for an over power rider. This is true even if it sinks at the dock.
Just glad to help. Now you tell/ save someone. LOL
Quote:
Originally Posted by pcheesesteak
Tip of the hat to you, Captain, you were 100% correct. Verified with the insurance agent today. Thank you!
Update:
The insurance agent called the insurance company, which said:
Partial loss requiring salvage comes out of the agreed value.
Total loss requiring salvage comes out of the Watercraft Liability portion ($300K).
Your thoughts Captain?
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