Gotta go with most others on this one - they're fixing the sail less your deductible. Sounds like they are holding up their end of the bargain. Lots of insurance companies out there. I'm sure someone will write the coverage you want (no deductible, replacement value, etc) - at a price.
John Sent from my iPad > On Dec 27, 2013, at 11:39 PM, "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
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