You said "Policy coverage is for depreciated value on sails and they will only cover “reasonable cost of repairs actually incurred” for partial losses."
Can you reasonably expect more than what your coverage offers? Rich > On Dec 28, 2013, at 3:28, "Peter Fell" <prf...@gmail.com> wrote: > > Well ... going from the nearest marine station we had 18 continuous hours of > wind over 50km/hr (30 kts). That’s the average of the last 2 minutes of each > hour. I was at the boat about 5-hours into that 18-hour time period and > everything was doing fine. > > Not sure on the maximum gust speeds but the forecast was a severe wind > warning with gusts 60 to 80 km/hr (30 to 40 kts). > > I’ve seen the comparisons between sailcloth that is completely toasted, limp, > etc.and mine ... and mine is light-years better than that. > > > From: Jim Watts > Sent: Friday, December 27, 2013 9:43 PM > To: Peter Fell ; 1 CnC List > Subject: Re: Stus-List Wind Storm Damaged Genoa > > A ten-year-old sail is, in most insurance companies' eyes, a tarp. If it's > shredded by a 20-knot breeze, it's not even that good. Time for a new sail. > Merry Christmas! An excellent excuse. > > >> On 27 December 2013 20:39, Peter Fell <prf...@gmail.com> wrote: >> So a couple weeks before Christmas, a windstorm of 40 – 50 km/hr ripped >> apart my 130 genoa overnight. It stayed furled on the boat but the top >> caught the wind and peeled it down, ripping 3 panels across the leech / UV >> cover, breaking the leech line, etc. No damage to the furler though ... I >> had that checked out by a rigger. >> >> Local loft says $500 to fix the sail but the “designed shape has been >> compromised and repairs will not bring the sail back to pre damage >> condition”. That’s the loft manager’s wording verbatim. >> >> So far insurance underwriter has responded back to the adjuster that they >> are willing only to ‘repair’ the sail, with the net result of me spending >> another $250 (deductible) on essentially a ruined sail. The adjuster is >> going to try again with a different approach. I’ll hear back in the new year >> on that. >> >> I’m not obviously happy with this, considering, although the sail is 10+ >> years old, it was in pretty good condition (sailcloth and shape-wise) ... so >> much so that it was deemed worth it to have $500 of re-stitching, new UV >> cover, leach line, etc. done just over a year ago! >> >> Policy coverage is for depreciated value on sails and they will only cover >> “reasonable cost of repairs actually incurred” for partial losses. Seems >> like pretty crappy coverage given what they consider ‘reasonable’ repairs. >> >> I think my loft manager needs to be a bit more descriptive in their wording >> as well. >> >> A new sail has been quoted from the loft at $2,500. Of course adding a new >> sail won’t allow me to increase the insured value of my boat either ... >> since it would not be a new equipment addition to the boat ... just a >> replacement. A little loophole I discovered earlier this fall when I asked >> about this regarding my newly rebuilt engine ... since it is not a new >> addition and most of the cost was in labour and replacing existing parts >> ... no value increase was deemed possible. >> >> OK, I’ve finished my rant! Anyone have any suggestions? >> >> Peter Fell >> Sidney, BC >> 1979 C&C 27 MkIII >> >> >> >> _______________________________________________ >> This List is provided by the C&C Photo Album >> http://www.cncphotoalbum.com >> CnC-List@cnc-list.com > > > > -- > Jim Watts > Paradigm Shift > C&C 35 Mk III > Victoria, BC > _______________________________________________ > This List is provided by the C&C Photo Album > http://www.cncphotoalbum.com > CnC-List@cnc-list.com
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