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Old 14 June 2015, 07:19   #1
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Country: UK - Scotland
Town: Lismore
Boat name: Jinty J
Make: Rib-X 535
Length: 5m +
Engine: Evinrude 75 Etec
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Evinrude 75 horse etec

I think this is my first posting here so I'll start by saying hi to you all. Since joining I've found some really useful info on here and so thank you all for that.

I've just collected my new Piranha RIB from Hayling Island and am really pleased with it. Vince at Piranha has done a great job,
rigging it, and it's just ideal for my situation here on the Isle of Lismore, so very happy.

I've got it insured through Arthur J Gallacher brokers and I have to give them a value for the outboard engine. Trouble is that I bought it as a package, and no one seems to advertise a retail price for the Evinrude 75 etec. I wonder if anyone might have an approximate idea of a figure.

Here's a photo of the new purchase.

Thanks for reading

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Old 14 June 2015, 07:30   #2
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Evinrude 75 horse etec

Ah, Lismore, a local lad.

I passed their yesterday on my way from Fort William to Oban, it got pretty lumpy at the north end of Lismore at Port Appin, il dodge that in a NE again.

Maybe see you out on the water some day.

Would Piranha know the value of the engine?
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Old 14 June 2015, 07:39   #3
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Country: UK - Scotland
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Boat name: Jinty J
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Evinrude 75 horse etec

The recommended price of Evinrudes seems to be surrounded by secrecy, if I don't get an idea from my post on here, I'll call a couple of dealers tomorrow.

North Easterly at Port Appin is the only direction from which the wind always blows harder than forecast, and it's directly aligned with the tide off Point on Lismore so in a flood tide, given the relatively shallow water, it can get pretty rough. The wind must get funnelled between the mountains, all the way down the Great Glen. All other directions tend to blow less strongly than the forecast.
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Old 14 June 2015, 07:52   #4
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Your bang on there. Xc was giving 4mph gusting 8, its was a damn site more than that!
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Old 14 June 2015, 08:20   #5
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Quote:
Originally Posted by Ceejay View Post
I think this is my first posting here so I'll start by saying hi to you all. Since joining I've found some really useful info on here and so thank you all for that.

I've just collected my new Piranha RIB from Hayling Island and am really pleased with it. Vince at Piranha has done a great job,
rigging it, and it's just ideal for my situation here on the Isle of Lismore, so very happy.

I've got it insured through Arthur J Gallacher brokers and I have to give them a value for the outboard engine. Trouble is that I bought it as a package, and no one seems to advertise a retail price for the Evinrude 75 etec. I wonder if anyone might have an approximate idea of a figure.

Here's a photo of the new purchase.

Thanks for reading

Attachment 106011
Full retail on a 75HP E-tec is £7,929.00 inc VAT.
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Old 14 June 2015, 08:35   #6
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Country: UK - Scotland
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Make: Rib-X 535
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Posts: 43
Chris
Thanks for that, that's surprised me a little. I'm assuming that they're discounted quite heavily by the time they reach the customer.

I have to give the insurer a breakdown between boat, engine and trailer. It's all a bit academic as they're all part of a package. The cost of the sum of the individual components will always come to far more than the package price. I guess that this is not an uncommon scenario.
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Old 14 June 2015, 09:11   #7
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Quote:
Originally Posted by Ceejay View Post
Chris
Thanks for that, that's surprised me a little. I'm assuming that they're discounted quite heavily by the time they reach the customer.

I have to give the insurer a breakdown between boat, engine and trailer. It's all a bit academic as they're all part of a package. The cost of the sum of the individual components will always come to far more than the package price. I guess that this is not an uncommon scenario.
I have just done the same exercise with my new boat. I don't know how the dealer quoted/priced your package, but assuming that he starts out by quoting for the various components- engine-hull-trailer-electronics etc. At retail prices & then arrives with a bottom line package price, then you should be able to work backwards & pro-rata the price of the engine. If he has just given you a 1 off final price without a breakdown, ask him what percentage of the final price is represented by the engine. Assuming you've just shelled out around the £20k mark, give or take, then the least he can do is assist you with some pointers for the insurance.
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Old 14 June 2015, 13:15   #8
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What's the rectangular blocks on the tubes?
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Old 14 June 2015, 14:40   #9
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Country: UK - Scotland
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Make: Rib-X 535
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Engine: Evinrude 75 Etec
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Quote:
Originally Posted by ShinyShoe View Post
What's the rectangular blocks on the tubes?

They're level grp boarding platforms, bonded to the tubes.

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Old 14 June 2015, 15:11   #10
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As I understand it for insurance valuation you deduct 10% of the new price (as it would be now) per year upto a maximum of 70%, so if it is 7 years or older it never loses any more value, as far as insurance is concerned.

That is how I undertand it anyway, I could be wrong.
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