Anyone ever have a Car/Boat accident?

If so how did it urn out?

Reason I ask, is My new 7/22' Vexus bass boat (retirement rig) got rear ended by a truck in mid Nov. 8. Fast forward 8 long wks later, after review the Marina and manufacture decided it needs a new haul and figured a estimate. I was told it would take until April before the boat was usable again, that would be 6 months without a boat!!!
After the insurance agent sent info to 4 different appraisal companies I got a offer Friday at 4:30pm vis e-mail. it seems they want top pay for the repair and that's it, this about is 75% of what I payed for it new 16 mths ago. In the report they also mentioned the Fair Market Value, which was close to $8,000 more than what they figured!!!
I plan on calling the agent Monday morning to discuss. I will mention a loaner boat as would be supplied if it was a auto. I feel they are offering to pay me to spend another 4 months re-building a boat!!! I'm hoping to avoid court but if they wont budge, I will have to.

Anyone had experiences like this?

I got mine totaled by a drunk driver. Insurance tried to low ball me but when they called me they figired out pretty quick that i wouldn't roll over & take it. Needless to say they ended up doing me pretty good after i told them either pay or go to court & i didn't care which they decided. I updated the boat by 8 years & still had a little money left so i was happy. :biggrin

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Originally Posted by Les Young

I got mine totaled by a drunk driver. Insurance tried to low ball me but when they called me they figired out pretty quick that i wouldn't roll over & take it. Needless to say they ended up doing me pretty good after i told them either pay or go to court & i didn't care which they decided. I updated the boat by 8 years & still had a little money left so i was happy. :biggrin

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Great, well I'm sure not going to roll over, I can tell you that. Ironically the guy has the same insurance Co. I do and have been very happy with them, let's hope I will continue being happy!

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I'm going to follow this and hope you update. An alternative to an attorney would be a Pubic Adjuster which I've used in property claims but never a boat. Another option would be Appraisal and probaly my 1st choice if I was in your situation. I'm sure your policy probaly allows for it. Read your policy. Scott

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Originally Posted by ultraslab

I'm going to follow this and hope you update. An alternative to an attorney would be a Pubic Adjuster which I've used in property claims but never a boat. Another option would be Appraisal and probaly my 1st choice if I was in your situation. I'm sure your policy probaly allows for it. Read your policy. Scott

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Well I'll be calling the agent tomorrow. And yes I'm willing to try whatever may work. It's a case of why should I let the people who owe me, determine what they owe me. Fyi the guy driving the truck was sited, so my insurance isn't involved, although I've asked my agent for advice.

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What about engine damage? If it was hit that hard I’m thinking there was plenty. Even if not too bad it may have damaged the prop shaft and other things. I would think they would total it out but maybe not these days. Is it going back to the factory? That is the only way I would accept repairs with the transom.
Good luck.
Just reread your post. It needs a new hull??


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Following along

Personally unless they try to do me right to begin with I’d get a marine adjuster involved to look at it. My buddy had to after being lowballed by his insurance co when they tried to say his wasn’t totaled when it definitely was.

call Morgan and Morgan!! :dono

years ago I ran into a few situations with insurance companies , there is a reason they roll with such a ridiculous high unregulated profit level , just saying .
comps. are your key to winning that situation without an attorney maybe , next call you need lots of comps. to show em .
if that fails the one thing that does not fail for me , is a letter from your attorney.
the 2 or 3 times I had to play that card got them to fix whatever scheme they had to leave me with an empty bag really quickly ....

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Originally Posted by Chuck Adams

What about engine damage? If it was hit that hard I’m thinking there was plenty. Even if not too bad it may have damaged the prop shaft and other things. I would think they would total it out but maybe not these days. Is it going back to the factory? That is the only way I would accept repairs with the transom.
Good luck.
Just reread your post. It needs a new hull??


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He slid squarely into the engine, broke the bar and the boat slid forward. No damage to the engine, I actually continued to Florida and fished for a week.
Attachment 479154Attachment 479155

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Definitely don't roll over. Insurance is such a scam but still needed. Shame you have to go through this mess to get fair outcome.

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Originally Posted by Les Young

Personally unless they try to do me right to begin with I’d get a marine adjuster involved to look at it. My buddy had to after being lowballed by his insurance co when they tried to say his wasn’t totaled when it definitely was.

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Well the 4th and last adjuster they hired was a marine adjuster, he's the one who said my $67,000 boat is worth $43,000 now, even though in his report, he list the fair market value as $57,000. I'm not sure if I hire a marine adjuster he's come up with a better number?

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While tying in to his dilemma, thought I'd share my solution to this, in the event my boat is totaled. I took out a policy with Progressive with " An Agreed on Price " in the policy language that does not change as long as the policy is in effect. This is different than car insurance or most boat policies that are paid as ACV ( Acutal Cash Value ) meaning what they determine it's worth at the time of loss. With this, the only discussion is whether it's totaled or can be repaired. It's easier to fight this IMHO. To qualify myself I own a Roofing company doing storm restoration work and though I'm not a Public Adjuster I do have one working in my office and arguing with insurance is basicaly what I do for a living. Scott

In Arkansas if hit from the rear they are at fault . Don't budge and some insurances will pay . Tell them your neck hurts and do not settle too easy .:ThumbsUp

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Originally Posted by Tom 513

Well the 4th and last adjuster they hired was a marine adjuster, he's the one who said my $67,000 boat is worth $43,000 now, even though in his report, he list the fair market value as $57,000. I'm not sure if I hire a marine adjuster he's come up with a better number?

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Did insurance co. recommend him?

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Originally Posted by ultraslab

While tying in to his dilemma, thought I'd share my solution to this, in the event my boat is totaled. I took out a policy with Progressive with " An Agreed on Price " in the policy language that does not change as long as the policy is in effect. This is different than car insurance or most boat policies that are paid as ACV ( Acutal Cash Value ) meaning what they determine it's worth at the time of loss. With this, the only discussion is whether it's totaled or can be repaired. It's easier to fight this IMHO. To qualify myself I own a Roofing company doing storm restoration work and though I'm not a Public Adjuster I do have one working in my office and arguing with insurance is basicaly what I do for a living. Scott

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I'm familiar with agreed value, after rebuilding a class c motorhome I have I requested it be insured for more than what I payed. Originally a repair estimate form the Marina and manufacture was created, it involved building a 2022'haul then shipping it to the Marina in April (there busy time) to transfer the engine, electronics, seats etc... and there offer would cover the cost of rebuilding but thats it and then id be out of a boat for close to a half year. So now they are totaling the boat and basically offering me the same money. obtw just called the agent....no answer!!

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Originally Posted by Les Young

Did insurance co. recommend him?

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Yes, after the first 3 companies worked on the case.

First off if they hired the adjuster I would find one of my own. Here in Wisconsin I could take it anywhere I wanted for adjustment and the work to be done no matter the difference in cost of their adjustment cost. I would take it to a repair shop of my choice and have them do an estimate. You will not get a loaner for your boat ain`t going to happen.

The insurance company has to make you whole. You need to find several boats for sale that are just like yours and show them the list price. If the say the boat is worth $43k make then show you were you can buy a replacement for that cost. Have your comps in hand so you will have something to counter with. Insurance companies play games but it is not that difficult to show replacement cost unless you have a one of a kind boat.

An independent marine adjuster that will work for you is what you need. My buddy had to hire his own when his insurance had their guy look at his & they tried to lowball him. The guy he hired totaled it & the one the insurance had him take it too wasn’t close even though it was totaled without a doubt.

Dang bro, I sure hate to hear this happened to you. I know it's a pain anytime you have a loss caused by someone else... and then have to deal with their insurance company, who you know is going to try to cut their losses anyway and anywhere they can.
Best of luck to you gettin' it all settled, but I believe I would be patient and/or write off whatever amount of fishing time necessary to get whatever settlement you believe to be fair or reasonable.

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Originally Posted by Les Young

An independent marine adjuster that will work for you is what you need. My buddy had to hire his own when his insurance had their guy look at his & they tried to lowball him. The guy he hired totaled it & the one the insurance had him take it too wasn’t close even though it was totaled without a doubt.

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I found one in N Carolina and forwarded all the info today. He was a yacht broker for 10 years so he'd versed in the marine world.

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