Storm damage to Florida boats
I've never been through a storm like Hurricane Charley but I'd imagine that
the damage to pleasure boats must be significant. I assume that most boaters
have insurance on their boats and that at some point the insurance companies
will offer a settlement. My question is: what happens to the boats that have
been "totaled", that is, the insurance company takes ownership of the boat.
With autos the vehicle is either "parted out", or is repaired and sold with
a damaged title. Is there a paper trail that a prospective buyer can follow
with these boats?
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