Boating is a great activity for personal relaxation or taking the whole family on an adventure. If you frequent a lake or dock and look enviously at all the boat owners, be aware that there is a cheaper option for getting a piece of some water-based fun of your own.
Salvage boats are a great opportunity to buy a recreational boat at a bargain price. If you have never owned a boat before or are looking to add a side project, buying a salvage boat can help you get afloat at a fraction of the usual price.
Why Are Boats Salvaged?
In these situations, the insurance company may not even bother with covering repairs even if they are not very costly. Since repair companies will be overwhelmed at this point, insurers will take possession of the boat and pay out the claim rather than forcing a policy-holder to wait a year or more for repairs.
What Should I Be Aware of When Buying a Salvage Boat?
Looking at Causes of Damage
Another type of damage is the result of submerging. Boats that have become flooded or fully submerged will often sustain significant damage to nearly all systems, including the motor. If you are lucky, though, you may find one that was only sunk for a day or so and that has an engine that was “pickled” or disassembled and cleaned to get it running again. Some boats may have even only had minor damage as a result of blown debris or a sheared sail, but were nevertheless salvaged.
Knowing or being able to guess how the boat was damaged is key in figuring out whether or not the purchase would be worth the investment.
There are many common scenarios when dealing with #salvage #boat damage, each requires a different level… rdsf.ly/q5m
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