Ski Boat Forum

General Category => General American Skier Discussions => Topic started by: Marko56 on November 14, 2012, 07:01:12 AM

Title: Salvage Value??
Post by: Marko56 on November 14, 2012, 07:01:12 AM
Looks like the insurance company may total my boat.  I didn't think the damage was that severe (belt shaft and a small crack in the hull by the leading skeg) but the cost of repair is a little more than the NADA value.  If they total it I expect I will have the option of buying the boat back for salvage value and doing the repairs, paying the excess out of pocket, or selling/trading it as is.  I like the boat and would like to keep it, but I want to explore all of my options.  Any thoughts on how they will determine salvage value?  My boat is a 1992 Legend.