If you can't Sell it - Sink it!

If you don't care about your boat more than to sink it, then I'm glad you not boating anymore.
 
Just donate, there must be some worth that can go to a good cause.

Boatangel.com
 
You don't get insurance if you donate.
I just think that when times get tough and people can't sell their boats, you start seeing this stuff.
I just makes you wonder.
 
There was a retired USCG officer who started a fishing business after leaving the USCG. He first bought an old junky boat, but he was making money. Then he bought a nice used Hatteras 36 ft. sportfisher and was doing very well. Then the red snapper limit dropped to 2 per person and the season got shorter and the capt. and crew can no longer fish for snapper on a charter fishing trip.
The boat mysteriously sank at the dock one night. The next day, he pumped it out and they never found a leak again. All this after the boat survived Hurricane Rita, the worst hurricane that ever came thru the area.
It now belongs to the insurance company. The engines were never pickled.
The capt. is now an oil field boat captain.
Made me wonder.
 
I don't know, if you're going to sink your boat for insurance you'd have to be pretty desperate to put yourself in a situation where you need to be airlifted by the Coast Guard. Things do go wrong that aren't intended - thru-hulls fail, hoses break, you can hit debris, shafts/rudders can break and drop. I wouldn't jump to conclusions...
 
Hmmm.... If I were inclined to pull a stunt like that I think I might do it a little closer in than 17 miles.
 
You are going to see insurance companies get pickier about covering hulls that have lost significant value recently. Especially those with liens. The carriers are very concerned about moral hazard. It is difficult to rate to moral hazard. That leads to no offer at all.
Where I am, Lake Michigan, has no Laurentian Abyss. However, at an average depth of 279 feet and at its deepest 925 feet there will be those that will be tempted.
 
quote:
Originally posted by walterv

John,
Life raft, Epirb, and a good dooby. :)

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Just make sure that dooby is in a water tight container with a working lighter. That would be a sin to get wet.... ;)
 
quote:
Originally posted by Bliss

You are going to see insurance companies get pickier about covering hulls that have lost significant value recently. Especially those with liens. The carriers are very concerned about moral hazard. It is difficult to rate to moral hazard. That leads to no offer at all.
Where I am, Lake Michigan, has no Laurentian Abyss. However, at an average depth of 279 feet and at its deepest 925 feet there will be those that will be tempted.

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925 FEET! I think if you took all the water in the great south bay and put it in that 925 foot hole, it would not fill it!

No wonder boats only seem to sink in the ocean!
 
About a month ago, a 34' Formula was "stolen" from my marina.

Boat was not recovered. So it either left on a container ship or is on the bottom somewhere. No boat, no insurance investigator examining the hull. Hmmmm.

I suppose you still have to pass a lie detector test.
 
Sinking on the South Shore might not be so bad at low tide if the water was warm enough. You could always walk home if you get tired of waiting for a rescue boat to come along.
 
quote:
Originally posted by mintregila

About a month ago, a 34' Formula was "stolen" from my marina.

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The boat wasn't called "Liquid Assets" was it...?

A week or so ago a 34 Formula called "Liquid Assets" (hauling from Miami FL.) was run aground on the rocks near Banderman's Island (on the Hudson near Newburgh)..
I had seen this boat for sale for many years and thought it to be suspicion that it was now totaled on the rocks..
 
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