Visit our Popular Forums

sailorboy1 · 14-02-2024, 06:26

NOT looking for ways to stay in boating. We are DONE with boating and moving on!

So who wants a good deal on good liveaboard boat? The best deal is available BEFORE I go to the trouble etc of listing the boat.

sailorboy1 · 26-02-2024, 08:43

Quote:

Originally Posted by sailorboy1

From an earlier thread; I had a collision with a fishing vessel that ripped all my mast/sails/rigging away. I have now gotten the estimate, which I feels misses things. I am pretty sure my wife and I are out of boating after this so it comes down to how to handle getting out.

My Agreed Value is $59,900 (under insured because of being in Florida). Right now the estimate is $56,250. I can see missing items on the estimate that would I feel once added will exceed my insurance value. So the choices I see are:

1 - Press to get the estimate increased to more than the Agreed Value, get a check check for $59,900 and walk away easy.

2 - Repair the boat and risk that it will be more than Agreed Value that I have to make up the difference of (if it costs less it means nothing bottom line to me). Then sell a repaired boat that will have new sails, mast, boom, standing and running rigging,new mast lights, radar, VHF antenna. Currently the lowest priced Hunter 410 list for sale is $85k. I don't want to draw out my pain of selling holding out for the highest price so was thinking $80k. Assuming the repair runs $5k over the Agreed Value I would away with $75k

So do 1 and get out easy and collect $60k, or do 2 and HOPE to sell easy and walk away with $75k. $15k is $15k, but I am not sure it is the real driver as there is a lot of emotion still in play.

What would the faceless forums members do?

So in the end I took the insurance pay out. Sold my watermaker, dinghy+ outboard, a spare anchor and then sold the boat. Ended up up $80k and it was easy. The boat sold in 5 days and I listed it myself for $216

rslifkin · 26-02-2024, 08:45

Quote:

Originally Posted by sailorboy1

So in the end I took the insurance pay out. Sold my watermaker, dinghy+ outboard, a spare anchor and then sold the boat. Ended up up $80k and it was easy. The boat sold in 5 days and I listed it myself for $216

I'd call that a pretty good outcome, all things considered. Doesn't sound like the process was too painful.

sailorboy1 · 26-02-2024, 08:52

Quote:

Originally Posted by rslifkin

Doesn't sound like the process was too painful.

Oh it was painful in lots of ways

marcjsmith · 26-02-2024, 10:29

Quote:

Originally Posted by sailorboy1

. The boat sold in 5 days and I listed it myself for $216

Congrats Don. I know the process was painful, but Someone else will carry the torch on your hunter...

MicHughV · 26-02-2024, 10:59

Where did you list the boat if I may ask ???

**Wotname** · 26-02-2024, 11:44

Thanks for the update.

**boatman61** · 26-02-2024, 12:02

Quote:

Originally Posted by sailorboy1

So in the end I took the insurance pay out. Sold my watermaker, dinghy+ outboard, a spare anchor and then sold the boat. Ended up up $80k and it was easy. The boat sold in 5 days and I listed it myself for $216

Glad to hear its sorted in a satisfactory way Don..
On to new horizons and keep the good memories mate..
Safe travels..