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Join Date: Jan 2005
Location: Florida (Sebring & Keys), Wolfeboro
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If the Cobalt is determined to be sound, the claimant has less claim to a 100% replacement. If not sound, then the carrier can recover some of its loss from Cobalt. Even if it's not found this year, a civil lawsuit may provide the incentive by the insurance company to renew the search at a later time. (Adding-in the insurance interests of defendants Cobalt, the dealership, the engine manufacturer, the hose manufacturer and the hoseclamp manufacturer ![]() Also, my reading of automotive claims has been that the insurance company will pay a large fraction of the new boat's cost, but not replace the boat anywhere-near 100%. The threat of a lawsuit may be sufficient to negotiate the 100%, however. IMHO.
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