Insurance Question

[Osage]

I have a 2006 Sundancer 320. A bass boat hit my starboard side at about 40 mph. The state police water patrol placed the blame on the bass boat with failure to keep proper lookout and inattention. The bass boat is insured through State Farm and I have a Atlantic Speciality yacht policy with an agreed value.
Along with the fiberglass damage there is significant damage to the cabinets and the starboard interior from the impact. The Cherry veneer on the woodwork is cracked/busted. MarineMax checked and the cabinets are no longer available nor do they have the veneer.
Question- if parts are not available for repair and they consider total loss will the other insurance pay my agreed value or do they pay ACV and my insurance makes up difference ?
Still waiting on adjuster to look at boat, they want to pull it and most marinas are swamped with winterization.

 

[Gofirstclass]

Osage, I've been where you are in dealing with the other guy's insurance. DO NOT settle for an adjuster that is a car adjuster and not used to dealing with boats.

I'd suggest you consider having them total your boat and go looking for a different one. If your boat was hit that hard you likely will have structural damage to the hull, not just the superficial fiberglass damage. With damage to the hull it's likely your boat will never be the same. Was he drunk or drinking?

I would let your insurance company deal with the other guy's insurance. Just tell your insurance company you want to be back on the water before next spring.

Here's photos of my 330 that was broadsided by a boat on plane. Needless to say, they totaled the boat.

 

[Osage]

Osage, I've been where you are in dealing with the other guy's insurance. DO NOT settle for an adjuster that is a car adjuster and not used to dealing with boats.

I'd suggest you consider having them total your boat and go looking for a different one. If your boat was hit that hard you likely will have structural damage to the hull, not just the superficial fiberglass damage. With damage to the hull it's likely your boat will never be the same. Was he drunk or drinking?

I would let your insurance company deal with the other guy's insurance. Just tell your insurance company you want to be back on the water before next spring.

Here's photos of my 330 that was broadsided by a boat on plane. Needless to say, they totaled the boat.
View attachment 76726 View attachment 76727 View attachment 76728 View attachment 76729 View attachment 76730 View attachment 76731 View attachment 76732

We have a Marine surveyor assigned, just waiting on haul out to survey. Mine wasn’t as bad but don’t know how they can repair when the cherry veneer is not available to match. My insurance is going to handle communication with his insurance.

 

[ttmott]

Your insurance should be there for you however I wouldn't make a claim through your insurance unless you and your agent cannot come to agreeable terms with the other. You would be susceptible to an increase in premiums should you make a claim.

 

[JVM225]

I think each state might be a little different.
Call your broker to see what the rules in your state are.
If at all possible, go through your own company if it is of no consequence to you and get the agreed value from them instead of fighting with the other guy’s company.
I know that here in NY you would be best off by going to your own insurance and get the agreed value for the boat minus your deductible.
Your insurance gets paid from the other guys insurance so let them fight for it, and by state law they your insurance company has to pay you back your deductible before they repay themselves.
If you weren’t at fault then no impact on your insurance rates here in NY.
Just went through this with my car this past May.
Guy rear ended the woman behind me while she was stopped and pushed her in to my rear. I was stoped too.
Five grand of damage to my car and a $500.00 deductible.
My company paid for my rental while me car was in the body shop. I paid the body shop $500.00 when the car was finished and my insurance company paid the balance.
I got my $500.00 back from my insurance company in August.