Marine
Has Anyone Hired A Marine Surveyor Who Missed Major/obvious Problems On Boat? Were They Liable In Any Way?
Marine surveyor missed major structural issues such as rotted out aft bulkhead, cracks in hull along with detached stringers from hull from engine room back to lazarette–both caused by damaged bulkhead. Surveyor doesn’t have insurance but has personal assets. Boat broker I went through had previously owned the boat on two occassions. I feel like the surveyor gave the boat the “green light” because the boat brokers knew I would buy the boat if it had favorable survey. They successfully sold me “bill of goods” which didn’t properly reflect the true condition of the vessel. I am currently out $110,000 dollars. My dilemma is this, do I follow through with lawsuit, which will cost possibly another $30,000, with the ability to recoup my losses or throw good money after bad? Or do I look to salvage vessel which was given a salvage value of $5,500? Or do I walk away from problem and try to strike a deal with the bank to reduce my outstanding loan of $60,000 if I pay the balance off in full?
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What Are The Pitfalls Of Marine Insurance.?
Specifically if I invest a substantial amount of my nest egg in a live aboard boat, that means that I have to protect myself or I will wind up homeless. But will insurance companies pay off if my boat is lost. Will it cover my liability for environmental etcetera. Who are the reliable insurance companies?
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Looking For Marine (boat) Contents Insurance.?
Can’t seem to find any body to insure contents of a boat. We are living on the vessel, here in southern Ireland. Would consider Uk if we have to? Thanks…..
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