boat thieves back in busiess insurance results
Hi All,
After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! |
boat thieves back in busiess insurance results
"Capt Frank Hopkins" wrote in message Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! Just ensure that your policy is for replacement cost rather than ACV. |
boat thieves back in busiess insurance results
"Capt Frank Hopkins" wrote in message hlink.net... Hi All, After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! Check your homeowner's insurance. It might cover stuff like tools and fishing poles. That is often the case. And why did they cover the GPS but not the chip in it? Shows that the additional cost of "replacement cost" coverage might be justified. And when you find out where I can buy one of those 2 year old generators for 40% of new, drop me a line. Sounds like my price range del |
boat thieves back in busiess insurance results
"Del Cecchi" wrote in message Check your homeowner's insurance. It might cover stuff like tools and fishing poles. The interpretation I've received is that HO should cover any ancillary item on the boat that is not normally or exclusively considered a marine item, or something you might likely carry back and forth with you. HO would not cover a 12V coffeemaker, but would probably cover a 120V unit. That sort of thing. |
boat thieves back in busiess insurance results
Capt.
Which company are you insured with? Paul "Capt Frank Hopkins" wrote in message hlink.net... Hi All, After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! |
boat thieves back in busiess insurance results
Captain,
Check this out: www.voicealarm.com See Alarm FAQs page re Boat Insurance. Rick Curtis "Capt Frank Hopkins" wrote in message thlink.net... Hi All, After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! |
boat thieves back in busiess insurance results
Double-check your policy, and then argue. Threaten to involve your lawyer -
for a hundred bucks, he/she may even write a short preliminary letter. Insurance companies are bullies, they always try not to pay, but often back down quite easily if pushed - not always on the first push. Too many people complain that "they didn't pay," but take it no further, in which case the insurer wins. Need not be so. ==== Charles T. Low - remove "UN" www.boatdocking.com www.ctlow.ca/Trojan26 - my boat ==== "Capt Frank Hopkins" wrote in message hlink.net... Hi All, After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! |
boat thieves back in busiess insurance results
"Charles T. Low" wrote in message .....Threaten to involve your lawyer - for a hundred bucks, he/she may even write a short preliminary letter. Insurance companies are bullies, they always try not to pay, but often back down quite easily if pushed - Charles, I'm sure there are some cases that play out as you describe. On the other hand, all the lawyers in the world won't make an insurer pay for a non-covered loss. It is the responsibility of the insured to read the policy, and to know what is and isn't covered. |
boat thieves back in busiess insurance results
"Del Cecchi" wrote in message ... "Capt Frank Hopkins" wrote in message hlink.net... Hi All, [snip] I did check with homeowner's policy. Because the boat is listed as a "second home" on the taxes, the primary policy does not cover theft losses. A rather sneaky catch 22. The chip is not covered because the adjuster chose not to cover it. No amount of arguing could get her to change her mind. I was under the impresssion that all the boat's equipment was 100% covered. It turns out, only the actual boat and manufacturer installed equipment is 100% covered. Owner installed "accessories" are covered at a pro-rata amount. The insuranace company gets to determine the discount. I did contact my attorney, who said that there is a claim there, but by the time I pay his fees, court costs, and the 5 years it will take to chase the claim through the courts, It will cost me more then the loss I could recover. I am looking for a new insurance company. The good hands developed stickey fingers. C.F. Check your homeowner's insurance. It might cover stuff like tools and fishing poles. That is often the case. And why did they cover the GPS but not the chip in it? Shows that the additional cost of "replacement cost" coverage might be justified. And when you find out where I can buy one of those 2 year old generators for 40% of new, drop me a line. Sounds like my price range del |
boat thieves back in busiess insurance results
Let me say this to ALL. I would rather not STATE the name in case I decide
to take the issue to court. CF "Paul Schilter" paulschilter@comcast,dot,net wrote in message ... Capt. Which company are you insured with? Paul "Capt Frank Hopkins" wrote in message hlink.net... Hi All, After a throughly incompetent investigation by the local constabulary, I took the list of missing items to the insurance comapny. Here are the results: Generator: 2 years old, depreciated 60% Cost 1900.00 Paid 900.00 GPS 18 Months Old. depreciated 12% Cost 799.00 703.12 GPS Cartographic chip not covered Cost 125.00 Fishing Poles not covered Cost 90.00 Binox depreciated %75 Cost 299.00 99.60 tools not covered Cost 159.00 Magnagrille not covered Cost 179.00 Magnagrille mount not covered Cost 45.00 TV-DVD player Depreciated 75% Cost 399.00 99.75 Total Loss 3995.00 Insurance Payment 1802.47 Net Loss 2192.53 Moral, Check your insurance policy to determine what is covered and what is not! |
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