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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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