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$500K yacht dropped onto dock
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Reginald P. Smithers III
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First recorded activity by BoatBanter: Aug 2006
Posts: 761
$500K yacht dropped onto dock
wrote:
On Wed, 27 Sep 2006 23:00:31 -0400, "Reginald P. Smithers III"
wrote:
Which is the reason the insurance companies have so many lawyers on
retainer. The specifically negotiated hold harmless waiver is
overturned in courts all the time.
They may not "win" very often when a waiver is present but if the
plaintiff promises a long and ugly trial the defendant usually
settles. Both lawyers make out fine.
The injured party gets a few bucks.
Yup, they state the defendant was "negligent" and was not acting in a
manner that would be considered "reasonable and prudent". As far as the
injured party at the botel, as long as you have your boat insured for an
agreed upon value you will come out ok. If you do not, your insurance
company will probably come up with a value for your boat that is
substantially below what you think it was worth, or what it will cost
you to replace the boat.
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