Reply
 
Thread Tools Search this Thread
 
Old 02 February 2016, 22:22   #1
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 28
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.

http://www.rib.net/forum/f8/atlantic...ild-66342.html

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, 23:13   #2
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: Tohatsu 30HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 11,560
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, 08:11   #3
Member
 
Country: UK - England
Town: Margate / Ramsgate
Boat name: Bumbl
Make: Scorpion
Length: 8m +
Engine: Yanmar diesel
Join Date: Feb 2002
Posts: 2,837
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, 08:30   #4
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: 867
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, 08:42   #5
Member
 
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: 11,196
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:https://www.youtube.com/watch?v=unkIVvjZc9Y
Pikey Dave is offline   Reply With Quote
Old 03 February 2016, 11:34   #6
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 28
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, 11:38   #7
Member
 
Daibheid's Avatar
 
Country: Ireland
Town: Cork
Boat name: Cķr na dDonnta
Make: Excalibur + Zapcat
Length: 6m +
Engine: Merc120TDI,Tohatsu50
Join Date: Jun 2005
Posts: 316
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, 13:37   #8
Member
 
Country: UK - England
Town: Southampton
Boat name: SMH Rib / War Shot
Make: Ribtec / Scorpion
Length: 4m +
Engine: 100hp Yam/150hp opt
Join Date: Sep 2003
Posts: 2,060
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, 13:58   #9
Member
 
Country: UK - England
Town: Ross-on-Wye
Length: 10m +
Join Date: Nov 2014
Posts: 28
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, 17:24   #10
Member
 
Country: UK - England
Town: Southampton
Boat name: SMH Rib / War Shot
Make: Ribtec / Scorpion
Length: 4m +
Engine: 100hp Yam/150hp opt
Join Date: Sep 2003
Posts: 2,060
RIBase
Looks like I've talked myself out of a job again!
__________________
Searider is offline   Reply With Quote
Old 03 February 2016, 19:01   #11
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: Tohatsu 30HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 11,560
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
Woops, and I thought Ross on Wye might be too far away! I assume the broker is in Greece too?
__________________
Poly is offline   Reply With Quote
Old 03 February 2016, 20:31   #12
Member
 
gtflash's Avatar
 
Country: UK - England
Town: southampton
Boat name: TOP CAT 2
Make: Scorpion 8.1
Length: 8m +
Engine: 250hp HO
Join Date: Aug 2003
Posts: 1,752
I have just arranged an agreed value policy. The broker has agreed when she is finished I can prove value from receipts or a professional such as the tubers written value. Yet to do it though
__________________
gtflash is offline   Reply With Quote
Old 19 June 2022, 11:01   #13
Member
 
Country: UK - England
Town: Barton on Sea
Make: Avon
Length: 4m +
Engine: 50HP
Join Date: Jul 2007
Posts: 12
SR4 valuation

Quote:
Originally Posted by Poly View Post
Duncan (known as Searider here) is the usual person people get pointed to for survey work. Not exactly local to you though.
Hi Poly,

I'm having a similar problem with my recently rebuilt SR4. IS Duncan still around or do you know if anyone else that can help? I'm on the south coast near Lymington.

Tris
__________________
tris1331 is offline   Reply With Quote
Old 19 June 2022, 11:41   #14
Member
 
Country: UK - England
Town: Waterlooville
Boat name: Tickler
Make: Halmatic P22
Length: 6m +
Engine: Inboard Diesel 240HP
MMSI: 235115642
Join Date: Sep 2015
Posts: 1,656
RIBase
I use GJW for my 1991 Pacific 22 and there were happy that I paid a premium that reflected the value of the vessel.
__________________
GuyC is online now   Reply With Quote
Old 19 June 2022, 12:08   #15
Member
 
Country: UK - England
Town: Barton on Sea
Make: Avon
Length: 4m +
Engine: 50HP
Join Date: Jul 2007
Posts: 12
Thanks GuyC. I'll add them to my list.

I have receipts for the rebuild and engine to fallback on if all else fails but I would rather get it all agreed upfront to avoid any hassle later.
__________________
tris1331 is offline   Reply With Quote
Old 20 June 2022, 08:30   #16
Member
 
Country: UK - England
Town: London
Boat name: No Name
Make: Honwave
Length: 3m +
Engine: Outboard
Join Date: Mar 2022
Posts: 59
This thread is from 2016
__________________
Lemonbonbon is offline   Reply With Quote
Old 20 June 2022, 08:33   #17
RIBnet admin team
 
Poly's Avatar
 
Country: UK - Scotland
Boat name: imposter
Make: FunYak
Length: 3m +
Engine: Tohatsu 30HP
MMSI: 235089819
Join Date: Sep 2005
Posts: 11,560
Quote:
Originally Posted by tris1331 View Post
Hi Poly,

I'm having a similar problem with my recently rebuilt SR4. IS Duncan still around or do you know if anyone else that can help? I'm on the south coast near Lymington.

Tris
Tris, you can try sending him a private message - I've seen him pop up in the last couple of years at least. He is somewhere on the south coast although I don't recall exactly where. To be honest though, unless your SR4 is something very special I'm not sure its going to cost more for a survey than the insurance.
__________________
Poly is offline   Reply With Quote
Old 26 June 2022, 12:48   #18
Member
 
Country: UK - England
Town: Barton on Sea
Make: Avon
Length: 4m +
Engine: 50HP
Join Date: Jul 2007
Posts: 12
It effectively brand new - total rebuild - so it has to be worth something, hopefully what I paid to have it rebuilt and fit a new engine to it.
__________________
tris1331 is offline   Reply With Quote
Old 26 June 2022, 12:49   #19
Member
 
Country: UK - England
Town: Barton on Sea
Make: Avon
Length: 4m +
Engine: 50HP
Join Date: Jul 2007
Posts: 12
...forgot to say, I'll try sending him a private message.
__________________
tris1331 is offline   Reply With Quote
Old 28 June 2022, 15:54   #20
Member
 
Country: UK - England
Town: Barton on Sea
Make: Avon
Length: 4m +
Engine: 50HP
Join Date: Jul 2007
Posts: 12
Thanks for the tip GuyC. GJW were spot on. Agreed value and paid an acceptable premium just as you said
__________________

__________________
tris1331 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




All times are GMT. The time now is 20:47.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2022, vBulletin Solutions, Inc.