When I went to insure my boat for "agreed hull value", the insurance
company started out with a value based on the surveryor's appraisal,
which was based on a blue book valuation. I debated this with them, and
supplied many listings that reflected what it would cost to buy a
similar boat. They accepted my higher figure, even though it was
substantially more than I paid for it. I just negotiated a good deal,
and bought it from a three boat owner who needed to lose two boats in a
hurry before the cost of winter haul out and storage kicked in. Shortly
afterwards, the sailboat market tanked, and my boat remains worth more
dead than alive. I'd easily be able to move up 5 feet on a new boat if
she sank. I'd prefer that my boat remain in it's present condition.
Bill Bina
On 10/2/2013 1:21 PM, Bob Hickson wrote:
When I purchased my 1985 C&C 29 mark 2 in the spring of 2012, the surveyor
included the BUC Values for the boat.
Current Retail Value Range ..... $20,200 - $22,500
Fair Retail Value Adjusted for BUC Condition in the North Atlantic .....
$20,200 - $22,500
Replacement value $136,500
My boat surveyed as "Average Condition" so the "Current Retail Value" and
"Fair Retail Value Adjusted" have the same numbers
The asking price was $15,000 and I paid $13,500
The selling price was lower for 3 reasons.
First the boat had no spinnaker gear as built by C&C and the equipment /
sails had never been added
Genoa was in poor condition.
Original instruments in poor condition
Having owned the boat for 2 summers, I believe that I got a good deal.
There have been no serious issues with the boat
Best regards,
Bob Hickson, P. Eng, RHI, CEA
C&C 29-2 Flying Colours
Frenchman's Bay Yacht Club
Pickering, ON
(416) 919-2297
bobhick...@rogers.com
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