Reply
 
Thread Tools Search this Thread
 
Old 02 February 2016, 17:22   #1
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 19
Anyone here able to provide professional valuations on RIBS?

Hi, our insurance company have advised us to get a professional valuation on our Atlantic 21 RIB, as it is unlikely we will get what she is worth (being a 1989 build) if a total loss.

Atlantic 21 rebuild

We had the RIB totally rebuilt this time last year by Henshaws, and we would like to get an agreed valuation policy on her.

Can anyone here recommend someone who could provide such a service?

Thank you

Rowan
__________________

__________________
rowancarver is offline   Reply With Quote
Old 02 February 2016, 18:13   #2
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: 2 stroke YAM 20 HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 10,114
Duncan (known as Searider here) is the usual person people get pointed to for survey work. Not exactly local to you though.
__________________
Poly is offline   Reply With Quote
Old 03 February 2016, 03:11   #3
Member
 
Country: UK - England
Town: Margate / Ramsgate
Boat name: Ballistic
Make: Ballistic
Length: 7m +
Engine: Yam HPDI 250
Join Date: Feb 2002
Posts: 2,835
He will travel, and did an insurance valuation for us once.

Contact here: http://www.saundersmorganharris.com/co/18586
__________________
Daniel is offline   Reply With Quote
Old 03 February 2016, 03:30   #4
Trade member
 
Dry Run's Avatar
 
Country: UK - England
Town: portsmouth
Boat name: Hullabaloo
Make: Humber
Length: 8m +
Engine: 225 Optimax
Join Date: Mar 2011
Posts: 653
RIBase
It seems an awful lot of work to go through (and I'm guessing expense) just to get an insurance policy. Are you getting some sort of "commercial policy" or is this for private use?

As a broker, we have given lots of valuations (for free) for our clients at the Dry Stack, when their insurers have asked and that seems to have been quite sufficient.

Of course, if they are asking for a "survey" that would be a different thing.

Regards

Steve
__________________
You get what you settle for!
Dry Run is offline   Reply With Quote
Old 03 February 2016, 03:42   #5
RIBnet supporter
 
Pikey Dave's Avatar
 
Country: UK - England
Town: South Yorks
Boat name: Black Pig
Make: Ribcraft
Length: 5m +
Engine: DF140a
MMSI: 235111389
Join Date: Feb 2008
Posts: 7,582
RIBase
Afaik, if it's for an agreed value policy ( I have one) then as long as you're happy to pay the premium, the value can be whatever you like within reason. Obviously if you start insuring for hundreds of thousands, eyebrows will be raised, but if you wanted to put the top end of a reasonable amount, you pays your money & takes your choice. I have always insured my boats for the full new replacement costs, the insurance company is aware of this & I pay a suitable premium. I have had a substantial claim in the past & it was paid out eventually. I had problems with the claims management company, but that was down to them being lazy & sloppy. The insurers have now dropped the claims managers & handle things differently. I use Mercia Marine.
__________________
Rule#2: Never argue with an idiot. He'll drag you down to his level & then beat you with experience.
Rule#3: Tha' can't educate pork.
Rule#4: See rule#5
Pikey Dave is offline   Reply With Quote
Old 03 February 2016, 06:34   #6
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 19
Thanks for your replies chaps.

The reason for the independent valuation is on the advice of our broker, just belts and braces really so in the case of a total loss we have a leg to stand on in getting a sensible pay out. After all it is a RIB approaching 30 years old, which in many peoples eyes has little value, whereas she is actually like a new RIB, with a fairly significant replacement value.
__________________
rowancarver is offline   Reply With Quote
Old 03 February 2016, 06:38   #7
Member
 
Daibheid's Avatar
 
Country: Ireland
Town: Cork
Boat name: Excalibur
Make: Excalibur + Zapcat
Length: 6m +
Engine: Merc120TDI,Tohatsu50
Join Date: Jun 2005
Posts: 245
You should be able to arrive at an agreed value on it yourself by providing copies of invoices from Henshaws etc. If your broker or insurer won't accept that you probably wouldn't want to have to deal with them in the event of a claim anyway. You're paying for the value at risk anyway so not in your interest to inflate it. <ahem>
__________________
Daibheid is offline   Reply With Quote
Old 03 February 2016, 08:37   #8
Member
 
Country: UK - England
Town: Southampton
Boat name: SMH Rib / War Shot
Make: Ribtec / Scorpion
Length: 4m +
Engine: 10hp Yam / 150hp opt
Join Date: Sep 2003
Posts: 1,894
RIBase
Hi,

I assume the boat is back in Greece?

I'd love to come out for a bit of winter sun but fear that we'd need to charge a lot due to the time to get there!

Perhaps someone like Kevan Whittle in Levkas would be able to assist?
His contact details are on the YDSA website: Find a YDSA surveyor
The Williams and Smithells office there would be able to assist in recommending a surveyor also.

Duncan
__________________
Searider is offline   Reply With Quote
Old 03 February 2016, 08:58   #9
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 19
Quote:
Originally Posted by Searider View Post
Hi,

I assume the boat is back in Greece?

I'd love to come out for a bit of winter sun but fear that we'd need to charge a lot due to the time to get there!

Perhaps someone like Kevan Whittle in Levkas would be able to assist?
His contact details are on the YDSA website: Find a YDSA surveyor
The Williams and Smithells office there would be able to assist in recommending a surveyor also.

Duncan
Hi Duncan, yes she is in Lefkas, Greece now. We know Kevan and will see he can assist, we also know Steve at W&S and see if he can give us a market valuation from his perspective. The problem is the lack of Atlantic 21's on the market - and the complete lack of refurbished ones!

Thank you!

Rowan
__________________
rowancarver is offline   Reply With Quote
Old 03 February 2016, 12:24   #10
Member
 
Country: UK - England
Town: Southampton
Boat name: SMH Rib / War Shot
Make: Ribtec / Scorpion
Length: 4m +
Engine: 10hp Yam / 150hp opt
Join Date: Sep 2003
Posts: 1,894
RIBase
Looks like I've talked myself out of a job again!
__________________

__________________
Searider is offline   Reply With Quote
Reply

Tags
rib

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off





Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -5. The time now is 16:43.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.