Should I call the insurance company.

[CatMar II]

So it is finally getting warm here in Maine. I uncovered the boat and took the shrink wrap off. I was aware that it had collapsed from the snow load this winter. When it collapsed it ruined the bimini, ripped out al the screws holding bimini in. It took out the antennae. Two areas of the fiberglass need repaired. But I also noticed when it collapsed it cracked the cowling. I priced the cowling and found out they are nearly a grand for a new one. I haven't priced the bimini yet, or the other stuff.

My question is, should I call the insurance company and see what they say? I wonder if it would even be covered.

 

[ElyseM]

sounds like expensive damage. depending on deducible, i would call. that's what you buy insurance for. and i think the marine insurers are braced for spring based on the winter we had in the NE. good luck, ron

 

[DennisG01]

Get an estimate or two, and then compare that to your deductible. For me, if it's anywhere even CLOSE to the deductible, I wouldn't submit it. The little bit you save now may not be worth it in the future with increased premiums and if they decide to drop you from coverage, making it harder to get new coverage. For me, my deductible is $1,000. If it was $1,500 I would just pay for it out of pocket. If it was $2K - that I would think about.

Ballparkish - A bimini is about $800-ish - a few small gelcoat/glass repairs would be a couple hundred, tops. A bunch of screw hole repairs - maybe a hundred or two. The antenna - depends on the antenna - a cheapie antenna is about $40, a good one is $150-$200. Add an hour or so to install.

There's a chance that 'snow load' is NOT a covered item. The idea behind that is that it's our responsibility to clear snow off the structure. Do you store the boat at the same facility that wrapped it? They might cover it, if so.

Maybe it wasn't 'tented' high enough? Were 2x4's placed under the bimini to support it?

 

[dale1]

CatMarII, There are many variables that make up that decision. First, it depends on the type of policy that you have. If it's ACV or replacement coverage will determine the amount of payout if covered. Also, depends on if its an all-perils policy or partial. Most policies are designed to cover damage like this. However, it depends on your state laws, and they type of policy, the company that you have. A good agent will guide your decision without costing you. Some companies will not discuss the issue with you without filing a claim. Then it can cost you even if nothing is payed out. If you call me tomorrow I'll be glad to give as much info as I can. dale, 478-272-3650

 

[CatMar II]

Thanks everyone for the input. Here's where I am. I have had the insurance for 11 years now and honestly really never thought twice about. The boat is bundled in with car's and home owner's. After I found out that a new cowling is nearly $1,100 dollars I was floored. Long story short, the deductible is a hundred bucks. I made the call. I am waiting to hear back.

I am having serious sticker shock. I found the Bimini bill of sale from the previous owner and he had full side curtains and more. The previous owner paid $1,800 for the canvas enclosure. I can't find a used cowling, I really don't care about the antennae. I'm guessing a few hundred dollars to fix the two small holes.

Thanks,

Rick

 

[freddy063]

pictures, My feeling are never use insurance unless it's major loss. I have a spare cowling for older Yamaha 200, or any v6 I think is the same, is it the top only? Or maybe see if the people that covered it haves insurance, seems there works was the reason for your loss.