BobP
GreatGrady Captain
- Joined
- Apr 27, 2005
- Messages
- 4,744
- Reaction score
- 6
- Points
- 38
- Location
- Long Island, NY
- Model
- Sailfish
What your not considering is the variability in used boat pricing based on many factors, one old boat can sell twice the price of another, one can have a blown engine, soaked transom, another Katrina damage, on and on.
In that light, my insurer never asked nor demanded an appraisel, don't you think they should have if the concerns you mention are such? That's their responsibility.
How would they answer these questions in court before a judge?
I stated the value myself, they didn't object, end of story.
They had the right to visit the boat, if they wanted to, I didn't deny access.
Still don't. The address of the boat location is on the contract. You could walk in and visit my boat anytime.
As far as denying claims go, even toaster manufacturers want to automatically deny claims, thats why they and other consumer product manufs paint the screw heads on the cases.
I have a signed contract with the insurer, I did my part, they have their responsibility. What I paid for the boat is confidential, not their business. I could have paid $10 for it, does that mean it only can be insured for $10? Obsurd.
I'm not afraid of insurance companies, they compete for my business, they work for me.
The stated value stays the same on the annual renewals, how ironic, the value has not changed in 8 years. Do you think they care it has depreciated? It has, and I never told them about the repower.
So how can an insurance company not care about 8 years of depreciation, but care about the "stated price" details initially ? Rediculous.
If my boat goes down the drink and you are working for the insurance company, you will be waisting your time (and commission) figuring out how to deny my claim per contract terms, for the stated price. You can try though.
In that light, my insurer never asked nor demanded an appraisel, don't you think they should have if the concerns you mention are such? That's their responsibility.
How would they answer these questions in court before a judge?
I stated the value myself, they didn't object, end of story.
They had the right to visit the boat, if they wanted to, I didn't deny access.
Still don't. The address of the boat location is on the contract. You could walk in and visit my boat anytime.
As far as denying claims go, even toaster manufacturers want to automatically deny claims, thats why they and other consumer product manufs paint the screw heads on the cases.
I have a signed contract with the insurer, I did my part, they have their responsibility. What I paid for the boat is confidential, not their business. I could have paid $10 for it, does that mean it only can be insured for $10? Obsurd.
I'm not afraid of insurance companies, they compete for my business, they work for me.
The stated value stays the same on the annual renewals, how ironic, the value has not changed in 8 years. Do you think they care it has depreciated? It has, and I never told them about the repower.
So how can an insurance company not care about 8 years of depreciation, but care about the "stated price" details initially ? Rediculous.
If my boat goes down the drink and you are working for the insurance company, you will be waisting your time (and commission) figuring out how to deny my claim per contract terms, for the stated price. You can try though.