I have a difficult question ... I have to determine the value of a kayak project ... double ... wherein the hull (strip built) was completed ready for fiberglassing. Our entire house, shop and office was badly damaged in hurricane FIFI ... including, of course, the kayak. I am told that it will be covered by insurance ... but I have to determine the value for the adjustor. Also lost was most of my tools ... but I can determine that cost from the catalogs. Capt. Donald Reid *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
On Monday, October 07, 2002, at 8:30:14 AM PST, Donald R. Reid wrote: Re: Damaged boat... > I am told that it will be covered by insurance ... but I have to > determine the value for the adjustor. Also lost was most of my tools > ... but I can determine that cost from the catalogs. Hi Donald, I'm very sorry to hear of all the damage/loss you suffered. Since you didn't mention it, I assume nobody was hurt, and that's the most important thing. [I know basically nothing about an insurance claim like this, so what follows is just inexpert speculation on my part]... Even if you were building the boat for someone else (who expected to pay you for your labor), I'm not sure if you could be reimbursed for the lost labor - unless you could somehow claim loss of wages. That aside, I would think that you could only claim what it would cost for the materials and tools to get you back to that point in the building...plus any other materials lost that were needed for finishing it after that point (including any specialized workspace you'll have to rebuild for the project). Is it possible to repair the boat? Or is it a total loss? I'm building a S&G boat, and I know that its *value to me* is much greater than the cost of just the materials, but I don't see how I could claim any damages above the cost of the materials and tools needed to build/rebuild it. Good luck! And again...I'm sorry this happened to you. -- Melissa *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
Melissa, Project is distroyed .... thank God no-one was hurt ... just property damage ... house, office .. shop ...etc. Tools were lost. Tools and material ... about US$ 1,500. Labor ... geez ... about 500 hours +/- ....... Donald -----Original Message----- From: owner-paddlewise_at_paddlewise.net [mailto:owner-paddlewise_at_paddlewise.net]On Behalf Of Melissa Reese Sent: Monday, October 07, 2002 12:45 PM To: Paddlewise Subject: Re: [Paddlewise] FW: Value of a kayak project On Monday, October 07, 2002, at 8:30:14 AM PST, Donald R. Reid wrote: Re: Damaged boat... > I am told that it will be covered by insurance ... but I have to > determine the value for the adjustor. Also lost was most of my tools > ... but I can determine that cost from the catalogs. Hi Donald, I'm very sorry to hear of all the damage/loss you suffered. Since you didn't mention it, I assume nobody was hurt, and that's the most important thing. [I know basically nothing about an insurance claim like this, so what follows is just inexpert speculation on my part]... Even if you were building the boat for someone else (who expected to pay you for your labor), I'm not sure if you could be reimbursed for the lost labor - unless you could somehow claim loss of wages. That aside, I would think that you could only claim what it would cost for the materials and tools to get you back to that point in the building...plus any other materials lost that were needed for finishing it after that point (including any specialized workspace you'll have to rebuild for the project). Is it possible to repair the boat? Or is it a total loss? I'm building a S&G boat, and I know that its *value to me* is much greater than the cost of just the materials, but I don't see how I could claim any damages above the cost of the materials and tools needed to build/rebuild it. Good luck! And again...I'm sorry this happened to you. -- Melissa *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ *************************************************************************** *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
[Moderator's Note: Content unaltered. Excessive quoting (i.e. headers/footers/sig lines/comments from previous posts, etc.) have been removed. Please edit quoted material in addition to removing header/trailers when replying to posts.] You might try checking on eBay and see what boats of your type go for. Unfortuantely, you can't charge them for emotional involvement. -----Original Message----- From: Donald R. Reid Subject: [Paddlewise] FW: Value of a kayak project I have to determine the value of a kayak project ... double ... wherein the hull (strip built) was completed ready for fiberglassing. *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
Hi Capt. Donald, "Donald R. Reid" <dreid9_at_earthlink.net> wrote: >I have a difficult question ... I have to determine the value of a >kayak project ... double ... wherein the hull (strip built) was completed ready for fiberglassing. To have this kayak rebuilt to this stage by a professional, you'll probably pay (80 hr x 30/hr = $2,400). If you figure your own time at a lower unit rate, say, $15/hr, which is entirely reasonable, but at more time (you're not a pro--no offense meant, just stating a reasonable guess), figure (150 hr x $15/hr = $2,250). You also have the value of the wood, glue, staples, forms, which can easily run $200. Give the adjustor these price ranges. If they will settle with you for $2,100-2,500, and that would be entirely fair. Buying a completed handmade strip kayak can cost $2,500-$6,000. Even if you have no 'paid' labor involved, you are still entitled to the replacement cost. If your roof is damaged in a hailstorm, they'll give you construction replacement cost. If you do the repair yourself (to their satisfaction to the extent they'll re-insure it), you can keep the savings as wages. The biggest problem you may face is that there are no 'comps', or comparative costs for similar kayaks. It's one-of-a-kind. But, don't let them be convinced it has no value. Half of retail is more than fair. It's half-complete. At least you're going to be a data point for the rest of us, for how the insurance company covers a kayak. Albeit it was a "content" of your damaged home. Glad you're uninjured, too. Shawn __________________________________________________ Do you Yahoo!? Faith Hill - Exclusive Performances, Videos & More http://faith.yahoo.com *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
At 01:45 PM 10/9/2002 -0700, Shawn Baker wrote: >Hi Capt. Donald, > >"Donald R. Reid" <dreid9_at_earthlink.net> wrote: >>I have a difficult question ... I have to determine the value of a >>kayak project ... double ... wherein the hull (strip built) was >completed ready for fiberglassing. > >To have this kayak rebuilt to this stage by a professional, you'll >probably pay (80 hr x 30/hr = $2,400). > >If you figure your own time at a lower unit rate, say, $15/hr, which is >entirely reasonable, but at more time (you're not a pro--no offense >meant, just stating a reasonable guess), figure (150 hr x $15/hr = >$2,250). > >You also have the value of the wood, glue, staples, forms, which can >easily run $200. > >Give the adjustor these price ranges. If they will settle with you for >$2,100-2,500, and that would be entirely fair. > >Buying a completed handmade strip kayak can cost $2,500-$6,000. There's one for sale on eBay right now with a reserve of $8000. I heard of a kayak awhile back from Japan that supposed sells for $10,000. *************************************************************************** PaddleWise Paddling Mailing List - Any opinions or suggestions expressed here are solely those of the writer(s). You must assume the entire responsibility for reliance upon them. All postings copyright the author. Submissions: PaddleWise_at_PaddleWise.net Subscriptions: PaddleWise-request_at_PaddleWise.net Website: http://www.paddlewise.net/ ***************************************************************************
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