www.greatlakesboattop.com • 877-867-7861
• 22,000 0riginal canvas patterns dating back to 1993.
• Fast turnaround — ships within 7 - 10 business days.
• 100% Satisfaction Guarantee and superior customer service.
• Bimini tops, cockpit covers, bow/tonneau covers, full
enclosures and much more.
• Sturdy construction and marine hardware.
• Industry-leading Sunbrella® canvas with a 10-year fabric
THROUGH DECEMBER 11, 2017, BOATU.S. MEMBERS GET 25% OFF REPLACEMENT CANVAS. USE PROMO CODE: BOATUS1217.
Offer available to retail customers only. Not valid in conjunction with other promotional offers. Expires December 11, 2017.
New Boat Appearance.
Without the New Boat Cost.
Give your boat a factory new appearance with
replacement canvas from Great Lakes Boat Top.
Great Lakes BoatUS December 2017.indd 2 10/25/2017 8:38: 15 AM
beyond repair, some sank, and many
more had significant enough damage
that they were declared a constructive
total loss (CTL). After a disaster, CTL
designations are usually given to boats
after the CAT team provides an estimate
in the field for repairs that exceed the
boat’s insured value. A boat that appears
relatively undamaged may, in fact, have
been sitting underwater for days and
have extensive damage.
Once a boat is dubbed a CTL,
the insurance company sends appropriate settlement documents to the
owner, and in return receives the boat’s
ownership papers. While owners usually
have the option to buy back their boats
at salvage value, most choose not to.
Even if they don’t, the boats may still
have a bright future. Mike Costa is a
broker for Certified Sales, a company
that finds new homes for boats that the
insurance company deemed not cost-effective to repair.
“Once the insurance company has
declared a boat a CTL, we’re given an
assignment to the boat, which gives
us the authority to pick it up, move
it, auction it, store it, and work to sell
it,” he says. The vast majority of CTL
boats get sold; only 1 or 2 percent aren’t.
Those get stripped, chopped up, and
The buyer of a salvaged boat then
titles and registers it. But the next step is
the most daunting: repairing it to make
it seaworthy again. Some boats have gaping holes in the hull or deck, some were
submerged, some were pounded relentlessly for hours, with resulting serious
structural damage, corroded engines and
wiring, and shredded gelcoat.
Some CTL boats go to boatyards
that repair them during the slow season
to keep employees busy. Some compa-
nies buy several, load a container, and
ship them overseas where labor is cheap.
Others are sold to starry-eyed buyers
looking for a bargain. (See “Avoid that
sinking feeling” on page 35.)
For those boats that are not deemed
to be a CTL, the process is much the
same as any other boat damaged in a
non-storm event. A surveyor or adjuster
is assigned to document the damage and
write a damage appraisal detailing necessary repairs. In many cases, settlement
checks are issued based on these damage
appraisals, then boats are moved to repair
facilities for estimates, and eventually
repairs are begun.
Part of the job of the BoatU.S. CAT
Team is to investigate ways that boats
were prepared (or not) for the storm and
pass on those lessons. After 34 years of
sending our CAT Team to hurricane
ground zero, the body of knowledge
grows and allows us to pass along what
we’ve learned to our members so that
the next time, hopefully, there will be
fewer boats that go the CTL route and
more that continue to give enjoyment to
BOATS WILL BE PATCHED
UP JUST ENOUGH TO SELL.