I bought that 31 Foot Robalo at this auction and my brother found this video and showed me you were on my boat! I've got both engines running fine and all the bilge systems and wiring replaced. Working on cosmetics now but she will be good as new by Memorial Day if Yamaha ships my new cowling soon. Thanks for the video.
No way!! So awesome! So happy to hear you are the new owner of that Robalo! Here's to making great memories with your new boat.🙂 Thanks for watching and hope you have a great day!!😁
Very interesting video and information. Yes, sad to see the carnage of damaged beautiful boats. The AMOUT OF MONEY LOST/INVOLVED! PEOPLES RETIREMENT/ DREAMS / FUN/ ETC. ETC. I JUST CANNOT IMAGINE! OVER WHELMING. THANKS AGAIN FOR THIS ARTICLE!
Thank you. You are so right such devastation leaves families so broken emotionally and financially. Thanks for watching and hope you enjoy your night!😊
I’m Fairly certain that boat repair labor is at about $130 per hour these days. Then you calculate in that 90% of those boats will need to be completely re-wired. After sitting in the water for weeks you’re going to have some delaminating down the road. Insurance adjusters know all of this and they know the repair bill isn’t worth the outcome. There’s a hell of a lot more wrong with those boats than meets the eye. Anyone not knowing this going into buying one of those boats is making a big mistake. For the person that can carry out all the repairs on their own, some of those boats could be a good deal.
Non coastal people see many too good to be true deals in the Trader or on E bay shortly after Hurricanes. I used to work at a mid west boat dealer and we would get calls about a deal they found in Florida and wanted to know if it was a good enough deal to buy it sight unseen. My response was always "you know they just had a hurricane in that area, right"? Sometimes the customer would buy it and bring it into us for repairs just to find out all electrical wiring was corroded from one end to the other inside the insulation and where there was electrical current the wire and device would be eaten away by electrolysis. It only takes a few hours of submersion for electrolysis to do it's evil and it doesn't matter if it is salt or fresh water.
@@kingfish4918 do you mean disconnect the batteries? Definitely will help with electrolisis.. That is the damage itself ! The good part is that 80 % of a boat is plastic but every metal in contact with an electric flow will get heavy corroded.
The biggest take away is not the damage you can see but the insurability of these boats over long term life, it's not what you can see that make them uninsurable, it's what you can't see, would you insure these boats after being "sunk" think about that, To be reinsured it needs to be a documented full restoration "Refit" to get a new insurance policy, there in lies the rub.
I am in the boat hauling biz and know what these boats are worth and take the 30 Grady that boat is 280 to 320 even if you had to rewire and electronics that is only 85k and if you got for say 30 your into it for 125 140 the most and you can still sell it for new value because boats don’t have salvage titles I have 3 clients that is all they do is buy salvaged boats and fix them up and resell them they have bought 140 boats so far between the 3 of them
Thank you for the video. I have passed by that lot on Burnt Stove road a bunch of times in the past few months and wondered what boats were sitting in there. I totally missed the notice about the auction. I would have loved to have checked it out.
@@jimmclaughlin5930 I know the event we went to is closed. Not certain if they are staging anymore boats at that site. You can check Cooper Capital Specialty Salvage to see if they plan on another. Thanks!!🙂
@@stephenbenner2250 This was in Cape Coral Florida on Burnt Store road. Cooper Capital Specialty Salvage was the company running it. Enjoy your weekend!🙂
I think some of the reason such clean boats get totaled, is just because of the location. Right after a hurricane goes through prices for anything boat related go through the roof. From haul out to repair to shipping to even just storage in a boat yard prices are big. Insurance companies have to pay for storage and repairs under outrageous conditions so in a sense it's cheaper for them to just total the boat and write off the loss. than to pay for months of storage until it can get repaired.
That makes so much sense. How hard it must be when an area gets hit so hard, with everything. Thanks so much for your comment and thanks for watching! Enjoy your evening!🙂
I had my boat inside my warehouse on a trailer when the storm went through. But now Geico has a freeze on changing any coverages in our area. I tried to increase coverage because I’m adding a Rhodan spot lock trolling motor and they won’t let me make any changes to my policy.
Amazing how something that is designed to be “on”the water can sell for 300,000. But once it is under water, it’s worth maybe 3,000. Gotta Love the boat life. 😂
Weren't that many boats left intact in all of hurricane Michaels path-and this was just one companies auction here. So many weren't insured and they just left the USCG take them to the marina they were crushing at-and nothing came off that yard. Friend worked there and couldn't get a console he wanted badly.
The cost of an outboard is such today that it could be double or more the price of a hull. Rewiring with marine wire could cost way more than most would guess. Insurance claims must consider these issues. That's why they total things that may not seem that bad. They must consider worste case.
It’s easy to overlook the damage that the hurricane force waves and blown saltwater can do to a boat that doesn’t appear damaged. The only way to make these boats ocean worthy is to replace anything electric including the wiring. You may otherwise find yourself out of commission at the most in opportune and dangerous time.
They now have even massive boats with outboards. They are easier to maintain, swap out, have good power, etc. Just need to design the transom to handle the power but its all possible and leaves more power for the inside.
They get power from a package that was unbelievable years ago. With a 600, soon to be 750 in my opinion once they force feed it that leaves so much more room in your boat that used to be dedicated to motors. The technology Mercury has changed and invented over the years has truly changed the world. That's in way more categories than just boating. They are the unsung Tesla of internal combustion engines.
Most likely they want a pay out. We're finding in our market that a lot of people are selling up to free up money. Mainly due to mortgages and cost of living, etc here in NZ.
The boats a totaled because they were either sunk or swamped. Every boat in our community marina was a total loss. Some sunk some end up iin mangroves and some yet to be found. Saltwater does not mix with boat wiring meaning even id you manage to get the boat running problems will surface for the remainder of the vessels life. T
I'm assuming some of the cleaner boats that don't look sunk, probably ended up just up in someone's yard or in the mangroves after the surge went down and just " gently " came to rest. Then when salvaged it could've been cheaper for the insurance to write off the boat. Or owners turned ownership over to salvage companies.....
This was run by Cooper Capital Salvage. Maybe they have more information on any future auctions they may have. Thanks for watching and enjoy your day!!😊
Cooper Capital Salvage Specialty ran this one. Maybe check their website to see if they have anymore planned. Thanks for watching and hope you have a great day!😊
@@robertlawler1387 , what's funny, is that we have on this particular boat for 7 years now. And in those seven years, the premiums went down for a little bit after few years and then started going back up again.
Most of the boats here that barely have any damage on them are people who made claims even though they weren’t supposed to.. when hurricane ian hit, the insurance companies didn’t send adjusters out to every claim because there were way to many claims.. they pretty much just threw money at people and sorted the claims out later .. they did it with super cars, yachts, houses, businesses etc… so anyone that wanted out of their boat, or were upside down on the payments “totalled” out their boats while they had the opportunity
I would check out Cooper Capital Specialty Salvage company's website. They are the company that ran this auction. Good luck! Thanks so much for watching and hope you have a great day!🙂
It was on Burnt Store Rd in Cape Coral Florida Charlotte county. I would think there may be more with all the destruction Ian left behind. Thanks for watching! Enjoy your weekend 🙂
Burnt Store Road Cape Coral Florida. Cooper Capital Specialty Salvage is the auction company and all bidding is done on line. Thanks for watching and hope you have a great day!!😊
If the insurance companies don't have the bandwidth to scrutinize all those claims like they usually would, owners of lightly-damaged boats might figure that insurance money is the most they'd get for their boat, and it saves them the hassle of repairs. Good for the boat industry, I guess.
Our 2 year old Beneteau GT 32 has been sitting in copar for 4 months, with a flooded cabin, electric exposed to salt water. Engines are fine, Progressive said 50k to fix even though the entire cabin and electric needs to be replaced. No marina is willing to fix it, now progressive says they are getting an estimate. 5 weeks later and they still have no estimate. We got an estimate of 350k, but marina said they would not repair it due to cost to repair and unexpected issues while repairing. I’m not sure there is a rhyme or reason to when they are totaling boats.
WOW!! I'm sorry you are dealing with all that. Sounds like a nightmare. Insurance companies can be so difficult to deal with especially when you need them the most. Wishing you the best moving forward and hope this works out!
I have a maintenance and construction business in the north. We can find plenty of people to work. Down south. We couldn’t even find a place to go as in the repair shops are not even there when RV dealer said “we sell RVs but we do not service them“
We were doing some repairs for family and actually drove by the lot. I would think there may be more like this since there are still many boats that need to be recovered. Enjoy your weekend!!👍😊
The dots represent the condition of the engine. Cooper Capital Specialty Salvage website may give definitions. Thanks for watching and hope you have a great day!!🙂
You can go to the auction website Cooper Capital Specialty Salvage company. They ran this particular one and have all their salvage boats with on line bidding. Thanks for watching and hope you have a great day! 🙂
There were some very nice boats in decent condition, others not so much. Definitely in awe walking around. Thanks for watching and enjoy your weekend!!😊
This auction is over. Cooper Capital Salvage Specialty was the company that ran this one maybe they have more information on their website. Hope you have a great day!!😊
This auction was held in Cape Coral florida. You can check out the auctioneer website Cooper Capital Specialty Salvage company. Appreciate you watching the video! Hope you have a great day!🙂
I am not certain. You can look up some salvage websites to see if they do international auctions. This one was ran by Cooper Capital Specialty Salvage. Good luck, thanks for watching and enjoy your day!🙂
I am a Ajuster and i Hurrricane jobs they have some adjuster work on a precent of the overall claim is probaly why so many boats with minor damage are totaled
Our boat insurance renewal is coming up at the end of the month and this has me really dreading what the new premium will be, or if they are even going to renew our coverage.
@@newfoundfreedom757 , we live on the coast, pretty close to the beach, and we took a major hit last year in our insurance rates. I'm not looking forward to getting the bad news on that this year, either.
@@ralphholiman7401 I have my fingers crossed for you that the news isnt too bad when the renewals come in. Its dreadful when those come in the mail. Take care!!🙂
no salvage laws as people commonly and wrongly believe it. The short of it, firstly ownership doesn't change if you salvage it, if your boat is sunk and I go salvage with without permission its still legally yours. I can request a reasonable amount to cover my time and costs from you but, but if you refuse I have to goto specialty maritime court where its determined. There are rules like if I save a commercial cargo vessel that would otherwise be lost I can be entitled to a payment equivalent to 1/3 of commercial cargo If you could just claim ownership of a vessel that floating you could go cut the mooring lines and OH Look its floating unmanned its mine now
This auction was in Cape Coral Florida. Cooper Capital Specialty Salvage company ran it and they have a website with current auctions. Appreciate you watching and hope you have a great day!
We happen to be in the area and they had mentioned this auction on the news. There are several salvage websites that are available. Thanks for watching and hope you have a great day!!🙂
At the end of your first segment you go by a large boat and then there is a small boat next to it, that has a Honda motor, center console maybe 10-12 feet long. Do you know what the name brand of that boat? Never seen one of those. Wonder what it sold for. May ask the Cooper people about it even though it looks like it is sold. Great video, always wonder where the boats were.
Not certain what brand that was. Yes, very curious what some of those boats sold for at auction. Thanks so much!! It was an experience to walk around and see all those boats. Thanks for watching and have a great day!😊
Insurance companies were paying off boat claims because they were overwhelmed and just paid them off. The owners decided they didn’t want to be a boater anymore on these nicer boats.In my opinion.
This auction is now over. It was on Burnt Store Road in Cape Coral. Cooper Capital Salvage ran it. Thanks for watching and enjoy the rest of your day!!😊
They total them most often when the engines and/or electronics have been exposed to the salt water. The labor to rewire and to try to salvage engines becomes greater than the value of the boat.
This auction was held on Burnt Store rd in Cape Coral Florida. They are on line sites you could take a look at. This particular one was Cooper Capital Specialty Salvage. Thanks for watching and enjoy your day!🙂
This was in Cape Coral, Florida. They had it set up off of Burnt Store Road. Still alot of boats that haven't been recovered they may do another one. Enjoy your weekend 🙂
This auction had been held on Burnt Store Rd in Cape Coral Florida. Cooper Capital Specialty Salvage was the company that ran it and they do have on line bidding. Thanks for watching and enjoy your evening!🙂
@@newfoundfreedom757 Hey sorry didn't get back to you sooner but I meant was how did you locate that sale I mean did they advertise it on the radio I mean how do you find out about it
We first drove by the site, then they advertised it on local news and internet. You can look up the salvage company I believe they do online as well.😁 Cooper Capital Specialty Salvage. Enjoy your evening !!
This was on Burnt Store Road in Cape Coral Florida. It was ran by Cooper Capital Specialty Salvage. Thanks for watching and hope you have a great day!🙂
This particular auction is over now. Cooper Capital Salvage ran it. Maybe check with them to see if any other auctions are coming up. Thanks for watching and hope you have a great day!!!😊
Honestly I am not certain how that would work. Cooper Capital Specialty Salvage is the auction company maybe check their website. Thanks for watching and hope you have a great day!🙂
I suspect the insurance companies are quick to write some of these boats off because they are now "stigmatized" property...ie hurricane damaged, even though that damage may be minimal. It's similar to real estate property. You buy a beautiful property but then later find out a family was murdered there, your property value just tanked. Less people would want such a "stigmatized" property regardless of the price. If I were in a better position I would buy one of those boats. Probably couldn't get insurance coverage as it's value would be so low.
This was on Burnt Store Road in Cape Coral Florida. This auction has ended but I would think more would be held in the future since there are still boats being recovered. Thanks for watching and enjoy your day!!!!😊
They write them off as alot that don't look damaged will have soft spots on the hulls... where they took a wack these can be hard to see which as it can look totally fine be be really weak and there the hardest repairs as needs to be cut out most of the time u can only get access to 1 side (the outer) just not worth the mither the pontoons are the safest bet if your not sure what looking at/for as most of it can be welded easy to replace decking and not much wiring
This was at Burnt Store Road Cape Coral Florida. Cooper Capital Specialty Salvage ran this one. I would think there may be more auctions in the future. Thanks for watching!! Have a great night!🙂
This auction has been held by Cooper Capital Specialty Salvage. They have a website and all bidding is completed on line. Hope that helps! Thanks for watching and hope you have a great day!😊
I'm guessing the insurance companies would rather cut their losses and call a boat totalled, instead of going for extensive repairs (inner workings of the boat like wiring etc are prolly also in need of replacing, and who knows how many hidden weak spots got created), and then running the risk of the boat breaking down again later. which can be linked back to this original damage, so the insurance company has to spend more money to fix it. So that would be my best bet, rather than risking that they have to do multiple payouts to the boat owners cause of hidden damages that can be traced back to this hurricane's damage, they want to do 1 payout to the owners, and hope the boat is still worth something on auction. with a "better safe than sorry"/"cut your losses" mentality?
This is at a lot on Burnt Store road in Cape Coral Florida. Cooper Capital Specialty Salvage is running it. They have a website too. Thanks for watching and enjoy your afternoon!🙂
This auction was held in Cape Coral Florida by Cooper Capital Specialty Salvage after hurricane Ian. Thanks so much for watching and hope you have a great day!
This particular one was on Burnt Store Rd in Cape Coral Florida. Cooper Capital Specialty Salvage ran it. Thanks for watching and hope you have a great day!!🙂
This auction was on Burnt Store Road in Cape Coral Florida. I would think more auctions would be held in the future. Thanks for watching and enjoy your day!!😊
This was held on Burnt Store Road in Cape Coral Florida. Cooper Capital Specialty Salvage ran this auction. Hope this helps. Thanks for watching and enjoy your Saturday! 😊
There were some sailboats there, but I don't think we captured many of them. It was crazy how many boats were there. Thanks for watching and hope you have a great day!😊
I bought that 31 Foot Robalo at this auction and my brother found this video and showed me you were on my boat! I've got both engines running fine and all the bilge systems and wiring replaced. Working on cosmetics now but she will be good as new by Memorial Day if Yamaha ships my new cowling soon. Thanks for the video.
No way!! So awesome! So happy to hear you are the new owner of that Robalo! Here's to making great memories with your new boat.🙂
Thanks for watching and hope you have a great day!!😁
how much did you pay?
Where is this and the name of the place? What's the prices like?
Very interesting video and information. Yes, sad to see the carnage of damaged beautiful boats. The AMOUT OF MONEY LOST/INVOLVED! PEOPLES RETIREMENT/ DREAMS / FUN/ ETC. ETC. I JUST CANNOT IMAGINE! OVER WHELMING. THANKS AGAIN FOR THIS ARTICLE!
Thank you. You are so right such devastation leaves families so broken emotionally and financially. Thanks for watching and hope you enjoy your night!😊
I’m Fairly certain that boat repair labor is at about $130 per hour these days. Then you calculate in that 90% of those boats will need to be completely re-wired. After sitting in the water for weeks you’re going to have some delaminating down the road. Insurance adjusters know all of this and they know the repair bill isn’t worth the outcome.
There’s a hell of a lot more wrong with those boats than meets the eye. Anyone not knowing this going into buying one of those boats is making a big mistake.
For the person that can carry out all the repairs on their own, some of those boats could be a good deal.
You are right. If you know enough about boats yourself it could be great. It was overwhelming how many boats where there. Enjoy your weekend!😊
Non coastal people see many too good to be true deals in the Trader or on E bay shortly after Hurricanes. I used to work at a mid west boat dealer and we would get calls about a deal they found in Florida and wanted to know if it was a good enough deal to buy it sight unseen. My response was always "you know they just had a hurricane in that area, right"? Sometimes the customer would buy it and bring it into us for repairs just to find out all electrical wiring was corroded from one end to the other inside the insulation and where there was electrical current the wire and device would be eaten away by electrolysis. It only takes a few hours of submersion for electrolysis to do it's evil and it doesn't matter if it is salt or fresh water.
@@kingfish4918 do you mean disconnect the batteries? Definitely will help with electrolisis.. That is the damage itself ! The good part is that 80 % of a boat is plastic but every metal in contact with an electric flow will get heavy corroded.
The biggest take away is not the damage you can see but the insurability of these boats over long term life, it's not what you can see that make them uninsurable, it's what you can't see, would you insure these boats after being "sunk" think about that, To be reinsured it needs to be a documented full restoration "Refit" to get a new insurance policy, there in lies the rub.
I am in the boat hauling biz and know what these boats are worth and take the 30 Grady that boat is 280 to 320 even if you had to rewire and electronics that is only 85k and if you got for say 30 your into it for 125 140 the most and you can still sell it for new value because boats don’t have salvage titles I have 3 clients that is all they do is buy salvaged boats and fix them up and resell them they have bought 140 boats so far between the 3 of them
Thank you for the video. I have passed by that lot on Burnt Stove road a bunch of times in the past few months and wondered what boats were sitting in there. I totally missed the notice about the auction. I would have loved to have checked it out.
Thank you for watching! I'm glad we decided to go. Had never been to something like that before. Hope you have a great day!!🙂
Thanks for letting me know it's on Burnt store rd I will be in PG in april so I can check all this out.
@@jimmclaughlin5930 I know the event we went to is closed. Not certain if they are staging anymore boats at that site. You can check Cooper Capital Specialty Salvage to see if they plan on another. Thanks!!🙂
we just picked our sea ray 260 up from there.. 7500$ and the boat is CLEAN!! Little bit of cabin water damage but nothing major.
Congratulations!! Wishing you lots of fun! Stay safe and enjoy your weekend!😊
Where is this?
@@stephenbenner2250
This was in Cape Coral Florida on Burnt Store road. Cooper Capital Specialty Salvage was the company running it.
Enjoy your weekend!🙂
can you provide this location?
Nice video. What I'd really like to see is a video with what they sold for at auction.
Thanks! That would be an awesome video. So curious how that all went. Thanks for watching and hope you have a great day!!!😊
Man. how many clams !
I think some of the reason such clean boats get totaled, is just because of the location. Right after a hurricane goes through prices for anything boat related go through the roof. From haul out to repair to shipping to even just storage in a boat yard prices are big. Insurance companies have to pay for storage and repairs under outrageous conditions so in a sense it's cheaper for them to just total the boat and write off the loss. than to pay for months of storage until it can get repaired.
That makes so much sense. How hard it must be when an area gets hit so hard, with everything. Thanks so much for your comment and thanks for watching! Enjoy your evening!🙂
I had my boat inside my warehouse on a trailer when the storm went through. But now Geico has a freeze on changing any coverages in our area. I tried to increase coverage because I’m adding a Rhodan spot lock trolling motor and they won’t let me make any changes to my policy.
That's just unbelievable!! Hopefully it all works out for you and they take the freeze off. Thanks for watching and enjoy your evening!!😊
Amazing how something that is designed to be “on”the water can sell for 300,000. But once it is under water, it’s worth maybe 3,000.
Gotta Love the boat life. 😂
LOL...you are so right!!😂
Have a great day!!
Weren't that many boats left intact in all of hurricane Michaels path-and this was just one companies auction here. So many weren't insured and they just left the USCG take them to the marina they were crushing at-and nothing came off that yard. Friend worked there and couldn't get a console he wanted badly.
I was surprised how many looked pretty decent. Maybe your friend can find something if they have more auctions in the future. Enjoy your weekend! 😊
The cost of an outboard is such today that it could be double or more the price of a hull. Rewiring with marine wire could cost way more than most would guess. Insurance claims must consider these issues. That's why they total things that may not seem that bad. They must consider worste case.
That makes sense. Thanks for watching and have a great day!!😊
I just got one of those sunk boats , I paid less than half of the price,I got it running in 2 days everything works well
Congratulations!! Wishing you safe and happy times with your boat! Thanks for watching and hope you have a great night!😁
It’s easy to overlook the damage that the hurricane force waves and blown saltwater can do to a boat that doesn’t appear damaged. The only way to make these boats ocean worthy is to replace anything electric including the wiring. You may otherwise find yourself out of commission at the most in opportune and dangerous time.
I would agree. It may look unharmed from damage but what you cannot see is the concern. Enjoy the rest of your weekend!! 😊
What is amazing to me is that so many are "outboard" driven. Years ago, boats this size were stern drives. The move to outboard power is astounding.
I guess outboard driven is the way to go now. It was amazing to see that many boats in one spot. Enjoy your weekend!🙂
I went from a 34 foot inboard 270 diesel to a 28 footer with a 225 Mercury outboard. The outboard has so many advantages over the inboard.
They now have even massive boats with outboards. They are easier to maintain, swap out, have good power, etc. Just need to design the transom to handle the power but its all possible and leaves more power for the inside.
Less draught with out props sticking down
They get power from a package that was unbelievable years ago. With a 600, soon to be 750 in my opinion once they force feed it that leaves so much more room in your boat that used to be dedicated to motors. The technology Mercury has changed and invented over the years has truly changed the world. That's in way more categories than just boating. They are the unsung Tesla of internal combustion engines.
Most likely they want a pay out. We're finding in our market that a lot of people are selling up to free up money. Mainly due to mortgages and cost of living, etc here in NZ.
Cost of living is just unreal these days! Thanks so much for watching and hope you have a safe and happy weekend!😊
Bingo, with interest rates going up people want added security with liquid cash
The boats a totaled because they were either sunk or swamped. Every boat in our community marina was a total loss. Some sunk some end up iin mangroves and some yet to be found. Saltwater does not mix with boat wiring meaning even id you manage to get the boat running problems will surface for the remainder of the vessels life. T
It was devastating. I would never take a chance on one of these boats. Enjoy the rest of your weekend!!! 😊
I'm assuming some of the cleaner boats that don't look sunk, probably ended up just up in someone's yard or in the mangroves after the surge went down and just " gently " came to rest. Then when salvaged it could've been cheaper for the insurance to write off the boat. Or owners turned ownership over to salvage companies.....
You certainly make some great points!! Thanks for watching and hope you enjoy the rest of your day!!😊
How do you find out about the time/location of these auctions? I missed out!
This was run by Cooper Capital Salvage. Maybe they have more information on any future auctions they may have. Thanks for watching and enjoy your day!!😊
That Scout 35 😭😭😭
I know some of them did make me sad! Thanks for watching have a great day!😁
Thx for the video. Where can I found the next auction?
Cooper Capital Salvage Specialty ran this one. Maybe check their website to see if they have anymore planned. Thanks for watching and hope you have a great day!😊
Sad to see all that damage.
It is. Ian did alot of devastation. 😔
Thanks to these "totaled" boats my insurance is definitely going up.
Unfortunately you are probably right. I think homeowners will likely go up too.
I was thinking the same thing. My renewal letter is coming then end of the month and I a little concerned about what it might be this time.
Mine hasn't gone up in years,lol
Mine 2
@@robertlawler1387 , what's funny, is that we have on this particular boat for 7 years now. And in those seven years, the premiums went down for a little bit after few years and then started going back up again.
That “scout” was the prize.
Some beautiful boats! Thanks for watching! Have a great night!🙂
Question ⁉️
Moving forward how can any buyer know a boat has been Storm damaged or sunk?
Excellent question. Not certain if these wind up with a salvage title or not.
Thanks for watching! Hope you have a great night!!🙂
Most of the boats here that barely have any damage on them are people who made claims even though they weren’t supposed to.. when hurricane ian hit, the insurance companies didn’t send adjusters out to every claim because there were way to many claims.. they pretty much just threw money at people and sorted the claims out later .. they did it with super cars, yachts, houses, businesses etc… so anyone that wanted out of their boat, or were upside down on the payments “totalled” out their boats while they had the opportunity
Thanks for watching and hope you have a great Saturday!!😊
Probably another usually buy/build back bigger a scam like how all the beach houses grew to mansions. Where a lot of our tax dollars go I'm sure...
How do you find out about the location of these auctions ?
It was on the local news and internet. It was through Cooper Capital Specialty Salvage, they do have a website. Enjoy your weekend! 😊
Im looking to repower my boat with a 4 stroke. 225 hp. Is there an auction that i may can look for just outboards?
I would check out Cooper Capital Specialty Salvage company's website. They are the company that ran this auction. Good luck! Thanks so much for watching and hope you have a great day!🙂
Where is the auction for all these boats, I'm ready to bid on something. So my loss but so much gain for others.
It was on Burnt Store Rd in Cape Coral Florida Charlotte county. I would think there may be more with all the destruction Ian left behind. Thanks for watching! Enjoy your weekend 🙂
Very interesting where is this yard located?
Burnt Store Road Cape Coral Florida. Cooper Capital Specialty Salvage is the auction company and all bidding is done on line. Thanks for watching and hope you have a great day!!😊
just awesome
Appreciate your comment and thanks so much for watching! Enjoy your weekend!!🙂
How much are the boats going for ?? Are there prices listed on the boats ?
No prices it's all closed bids on line through Cooper Capital Specialty Salvage. Thanks for watching and enjoy your day!!🙂
If the insurance companies don't have the bandwidth to scrutinize all those claims like they usually would, owners of lightly-damaged boats might figure that insurance money is the most they'd get for their boat, and it saves them the hassle of repairs. Good for the boat industry, I guess.
You are probably right That was just one auction I'm sure there were alot more boats out there.
Thanks for watching and enjoy your weekend!
Our 2 year old Beneteau GT 32 has been sitting in copar for 4 months, with a flooded cabin, electric exposed to salt water. Engines are fine, Progressive said 50k to fix even though the entire cabin and electric needs to be replaced. No marina is willing to fix it, now progressive says they are getting an estimate. 5 weeks later and they still have no estimate. We got an estimate of 350k, but marina said they would not repair it due to cost to repair and unexpected issues while repairing. I’m not sure there is a rhyme or reason to when they are totaling boats.
WOW!! I'm sorry you are dealing with all that. Sounds like a nightmare. Insurance companies can be so difficult to deal with especially when you need them the most. Wishing you the best moving forward and hope this works out!
😊
Where would I look for information on these auctions ?
This particular was run by Cooper Capital Specialty Salvage. I believe Copart does as well. Thanks for watching and hope you have a great day!!🙂
Would be informative to get a sampling of selling prices.
I agree that would have been great. These were sealed bids. Thanks for watching and hope you have a great night!!😊
During a recent visit to Florida, I noticed that it's extremely hard to find any one that fixes anything. Had a break down...total pain.
Sorry to hear that. It's no fun to breakdown, but then not be able to find anyone to work! UGH! Thanks for watching and hope you have a great night!🙂
people no longer believe in working for a living .
I have a maintenance and construction business in the north. We can find plenty of people to work. Down south. We couldn’t even find a place to go as in the repair shops are not even there when RV dealer said “we sell RVs but we do not service them“
Did you see what prices they were going for.
No it was all closed bids. Have a great day! 😁
Curious as to what the scout sold for? Dream boat!
Not certain what it finally auctioned for. Scouts are very nice boats!!!👍
How did you find out about this auction?
We were doing some repairs for family and actually drove by the lot. I would think there may be more like this since there are still many boats that need to be recovered. Enjoy your weekend!!👍😊
Where is this boat auction located?? And what's the name of this auction
This one was held on Burnt Store Road in Cape Coral Florida. Cooper Captial Salvage ran this one. Thanks for watching and enjoy your day!😊
If there's fiberglass There could be spider fractures and that'll kill it real quick
You are right. You really have to know boats to invest in one that is salvaged. Thanks for watching and enjoy your day!😊
are any of the boats still available?
I believe this auction is closed. Cooper Capital Specialty Salvage ran this one. Enjoy the rest of your weekend!!🙂
I must have missed it but what are the dots for?
The dots represent the condition of the engine. Cooper Capital Specialty Salvage website may give definitions. Thanks for watching and hope you have a great day!!🙂
Dang I would have loved to bid on some
I would think more auctions would be coming up. This one was run by Cooper Capital Salvage.
Enjoy the rest of your weekend!!🙂
Where's this at ??? I would love to go bid on one I live in S.Florida
This auction was on Burnt Store Road Cape Coral. It was through Cooper Capital Specialty Salvage. Enjoy the rest of your weekend!!🙂
اHOW CAN FIND OUT WHEN AND WHERE THESE AUCTIONS IT'S HAPPING?
You can go to the auction website Cooper Capital Specialty Salvage company. They ran this particular one and have all their salvage boats with on line bidding. Thanks for watching and hope you have a great day! 🙂
...beautiful pontoon boat. 54 hrs..... and counting. !!!
So many nice boats including that one!
Enjoy your weekend!!🙂
Some good boats. Most are new
There were some very nice boats in decent condition, others not so much. Definitely in awe walking around. Thanks for watching and enjoy your weekend!!😊
Is there a website where we can place bids?!
This auction is over. Cooper Capital Salvage Specialty was the company that ran this one maybe they have more information on their website. Hope you have a great day!!😊
Where exactly is this? The name of the place,?
This auction was held in Cape Coral florida. You can check out the auctioneer website Cooper Capital Specialty Salvage company.
Appreciate you watching the video! Hope you have a great day!🙂
I LOVE PONTOON BOAT FOR FISHING CAN I SEE I LIVE IN GEORGIA BUT I WOULD LOVE TO COME SEE / I REAL NEED A MERCURY 50/60 OUTBOARD , THANKS FOR THE LOOK
They had a lot of pontoon boats at this auction. Good luck on your search!!
Thanks so much for watching and hope you have a great day!😊
Where can I get similar boats like this to bu to refurbish internationally.. im in the caribbean
I am not certain. You can look up some salvage websites to see if they do international auctions. This one was ran by Cooper Capital Specialty Salvage. Good luck, thanks for watching and enjoy your day!🙂
I am a Ajuster and i Hurrricane jobs they have some adjuster work on a precent of the overall claim is probaly why so many boats with minor damage are totaled
Thank you, appreciate your comment!
Thanks for watching and hope you have a great day!🙂
Our boat insurance renewal is coming up at the end of the month and this has me really dreading what the new premium will be, or if they are even going to renew our coverage.
I cant imagine what renewals for insurance will be both on boats and homes. UGH!
@@newfoundfreedom757 , we live on the coast, pretty close to the beach, and we took a major hit last year in our insurance rates. I'm not looking forward to getting the bad news on that this year, either.
@@ralphholiman7401 I have my fingers crossed for you that the news isnt too bad when the renewals come in. Its dreadful when those come in the mail. Take care!!🙂
Insurance business is crooked af
😁 Thanks for watching!! Enjoy your weekend!
Doesn’t the insurance company totaled in for the boat owner?
Yes I would think the insurance companies would have totaled these kind if boats. Appreciate your comment and hope you have a great night!🙂
Are there any sailboats to show?
There were some Sailboats but I don't think we showed them that much. Thanks for watching!! Enjoy your day!😊
do Salvage laws go into effect upon recovery?
Excellent question. The company that ran this is Cooper Capital Specialty Salvage. They may have this information on their site. Enjoy your weekend!🙂
no salvage laws as people commonly and wrongly believe it. The short of it, firstly ownership doesn't change if you salvage it, if your boat is sunk and I go salvage with without permission its still legally yours. I can request a reasonable amount to cover my time and costs from you but, but if you refuse I have to goto specialty maritime court where its determined. There are rules like if I save a commercial cargo vessel that would otherwise be lost I can be entitled to a payment equivalent to 1/3 of commercial cargo
If you could just claim ownership of a vessel that floating you could go cut the mooring lines and OH Look its floating unmanned its mine now
Where is this yard located??
This auction was in Cape Coral Florida. Cooper Capital Specialty Salvage company ran it and they have a website with current auctions.
Appreciate you watching and hope you have a great day!
How you find these auctions?
We happen to be in the area and they had mentioned this auction on the news. There are several salvage websites that are available. Thanks for watching and hope you have a great day!!🙂
Some sailing boats would be nice
We did see some there. Love sailboats! Thanks for watching and enjoy your day! 😊
Where was this auction at?
This was on Burnt Store Road in Cape Coral Florida. Thanks for watching!!! Have a great night!😊
At the end of your first segment you go by a large boat and then there is a small boat next to it, that has a Honda motor, center console maybe 10-12 feet long. Do you know what the name brand of that boat? Never seen one of those. Wonder what it sold for. May ask the Cooper people about it even though it looks like it is sold. Great video, always wonder where the boats were.
Not certain what brand that was. Yes, very curious what some of those boats sold for at auction. Thanks so much!! It was an experience to walk around and see all those boats. Thanks for watching and have a great day!😊
@@newfoundfreedom757 Looks like a inflatable dingy. Bet it was fast on the water with 50 hp Honda motor.
It's about cost to repair vs value
That makes sense. Can't imagine the cost to repair some of them. Thanks for watching and hope you have a great day!! 😊
Insurance companies were paying off boat claims because they were overwhelmed and just paid them off. The owners decided they didn’t want to be a boater anymore on these nicer boats.In my opinion.
It's possible with all that damage. Enjoy your weekend!🙂
Where’s the location of this boat yard ?
This was held on Burnt Store Rd in Cape Coral Florida. Not certain if anymore will be staged there. Thanks for watching and enjoy your weekend!!🙂
Were is this place located or what state
This was on Burnt Store Rd in Cape Coral Florida. Thanks for watching and hope you have a great day!🙂
is the auction over?!
Yes, this one is over. Enjoy your weekend!!😊
those things you're calling "house boats" are actually trawlers, cabin cruisers, or just cabin boats.
Appreciate your comment and thank you for clarifying!!
Hope you have a great evening!🙂
Where is this located..???
This had been held on Burnt Store Rd in Cape Coral Florida. Thanks for watching and hope you enjoy your evening!😊
Bring them to Yuma Az one summer outside and they will be fine !
🤣 Love Arizona!!
Thanks for watching! Enjoy your evening!🙂
Where are they at???
This auction is now over. It was on Burnt Store Road in Cape Coral. Cooper Capital Salvage ran it. Thanks for watching and enjoy the rest of your day!!😊
They total them most often when the engines and/or electronics
have been exposed to the salt water.
The labor to rewire and to try to salvage engines becomes greater than the value of the boat.
Thanks for watching and hope you enjoy your evening!😊
How to buy from this place?
This auction was held on Burnt Store rd in Cape Coral Florida. They are on line sites you could take a look at. This particular one was Cooper Capital Specialty Salvage. Thanks for watching and enjoy your day!🙂
where is this ?
This was in Cape Coral, Florida. They had it set up off of Burnt Store Road. Still alot of boats that haven't been recovered they may do another one. Enjoy your weekend 🙂
where is this auction? can I bid online?
This auction had been held on Burnt Store Rd in Cape Coral Florida. Cooper Capital Specialty Salvage was the company that ran it and they do have on line bidding. Thanks for watching and enjoy your evening!🙂
Where was this at, how can I find 😫 this place
This was on Burnt Store Road in Cape Coral Florida. Thanks for watching and enjoy your day!!😊
@@newfoundfreedom757 Hey sorry didn't get back to you sooner but I meant was how did you locate that sale I mean did they advertise it on the radio I mean how do you find out about it
We first drove by the site, then they advertised it on local news and internet. You can look up the salvage company I believe they do online as well.😁 Cooper Capital Specialty Salvage.
Enjoy your evening !!
I notice not too many double hull ruff water boats
Now that you mention that you are right. Good eye!
Thanks for watching and hope you have a great day!🙂
Where is this located?
This was on Burnt Store Road in Cape Coral Florida. It was ran by Cooper Capital Specialty Salvage. Thanks for watching and hope you have a great day!🙂
What is the contact info to get one of these.
This particular auction is over now. Cooper Capital Salvage ran it. Maybe check with them to see if any other auctions are coming up. Thanks for watching and hope you have a great day!!!😊
can i buy one of the boats here then send it to my country indonesia?
Not sure about that. I am sure you could google your options. Enjoy your weekend!😊
Hello,
Do tou have a link with the auction?
The company that ran this one was Cooper Capital Specialty Salvage.
Hope you have a great afternoon and thanks for watching!!🙂
@@newfoundfreedom757 best regards,
Hi, can we buy one and export stout of USA, thank's.
Honestly I am not certain how that would work. Cooper Capital Specialty Salvage is the auction company maybe check their website.
Thanks for watching and hope you have a great day!🙂
I suspect the insurance companies are quick to write some of these boats off because they are now "stigmatized" property...ie hurricane damaged, even though that damage may be minimal. It's similar to real estate property. You buy a beautiful property but then later find out a family was murdered there, your property value just tanked. Less people would want such a "stigmatized" property regardless of the price. If I were in a better position I would buy one of those boats. Probably couldn't get insurance coverage as it's value would be so low.
🤣 love that analogy!!! You are probably very right! Thanks for watching and hope you enjoy the rest of your day!😊
Where is this located
This was on Burnt Store Road in Cape Coral Florida. This auction has ended but I would think more would be held in the future since there are still boats being recovered. Thanks for watching and enjoy your day!!!!😊
Stick with a simple boat like a center console and plan on a complete repower rewire and should be o Kay
Good advice! Thanks for watching and hope you have a great day!! 🙂
Whats name a location where your at?
This auction was on Burnt Store rd in Cape Coral Florida. Enjoy the rest of your weekend!!🙂
They write them off as alot that don't look damaged will have soft spots on the hulls... where they took a wack these can be hard to see which as it can look totally fine be be really weak and there the hardest repairs as needs to be cut out most of the time u can only get access to 1 side (the outer) just not worth the mither the pontoons are the safest bet if your not sure what looking at/for as most of it can be welded easy to replace decking and not much wiring
Appreciate you taking the time to watch and comment on the video!! Hope you have a great afternoon!😊
Where is this?
This was at Burnt Store Road Cape Coral Florida. Cooper Capital Specialty Salvage ran this one. I would think there may be more auctions in the future.
Thanks for watching!! Have a great night!🙂
How can I buy a boat there , ?
This auction has been held by Cooper Capital Specialty Salvage. They have a website and all bidding is completed on line. Hope that helps! Thanks for watching and hope you have a great day!😊
What is the address for this action please
See our reply below on your first comment. Thanks, and enjoy the rest of your weekend!!😊
@@newfoundfreedom757 thank you
@@enogroupinc6550 👍😁
I'm guessing the insurance companies would rather cut their losses and call a boat totalled, instead of going for extensive repairs (inner workings of the boat like wiring etc are prolly also in need of replacing, and who knows how many hidden weak spots got created), and then running the risk of the boat breaking down again later. which can be linked back to this original damage, so the insurance company has to spend more money to fix it.
So that would be my best bet, rather than risking that they have to do multiple payouts to the boat owners cause of hidden damages that can be traced back to this hurricane's damage, they want to do 1 payout to the owners, and hope the boat is still worth something on auction. with a "better safe than sorry"/"cut your losses" mentality?
That makes perfect sense and well put! Thanks for watching and hope you have a great day!!🙂
What is this location
This is at a lot on Burnt Store road in Cape Coral Florida. Cooper Capital Specialty Salvage is running it. They have a website too. Thanks for watching and enjoy your afternoon!🙂
Did you see any tugs...livaboards?
No we did see any there. Would have loved to though!! Thanks for watching and hope you have a great night!!🙂
Where’s this ?
This auction was held in Cape Coral Florida by Cooper Capital Specialty Salvage after hurricane Ian.
Thanks so much for watching and hope you have a great day!
We're is this and can anyone go buy one
This particular one was on Burnt Store Rd in Cape Coral Florida. Cooper Capital Specialty Salvage ran it. Thanks for watching and hope you have a great day!!🙂
Hello I love these those of videos but next time can you do one with out talking
Glad you like these videos! I would love for him to stop talking...🤣🤣
Appreciate your suggestion and thanks so much for watching! Enjoy your night!!🙂
@@newfoundfreedom757 Lol Thank you
where?
This auction was on Burnt Store Road in Cape Coral Florida. I would think more auctions would be held in the future. Thanks for watching and enjoy your day!!😊
location ?
This was held on Burnt Store Road in Cape Coral Florida. Cooper Capital Specialty Salvage ran this auction. Hope this helps. Thanks for watching and enjoy your Saturday! 😊
Where are the sailboats?
There were some sailboats there, but I don't think we captured many of them. It was crazy how many boats were there. Thanks for watching and hope you have a great day!😊