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Power Boat Auctions - How Nature Affects Them!

Mar 16, 2008
Hurricanes are the main cause of a lot of damage to lives and property along the coastal areas, and also to some extent to people living a bit inland. Every year millions of lives are lost and millions of dollars of property damaged due to the havoc wrecked by cyclones the world over.

Boats and sea faring vessels are not exception to the damage that is caused by this powerful force of nature. Boat owners in Florida have had to bear the brunt of the damage caused by hurricanes in the past few years. This damage is compounded by the fact that many insurance companies do not indemnify their policy holders against the damage caused to their boats by hurricanes and so these boat owners are forced to sell their hurricane damaged boats.

In most instances people affected by hurricanes are unable to cope with their situation. The quantity of damage that needs to be repaired can be overwhelming especially if you are a boat owner that has been afflicted by a hurricane, you will find that the damages can rush you to a few thousand dollars and is not really worth the investment at all.

After you have invested in a boat and have spent a lot of money in maintaining the boat you might think it is not feasible to put in any more cash into the boat and decide to sell the boat. Your loss may just be some one else's gain. Someone who is in the market for a boat might not mind buying a hurricane damaged boat and putting in the extra money to get it up and sailing once again. It might just be a way of him realizing his dream of owning a boat, even a hurricane affected boat.

Here you will find that a salvage company will be most handy when it comes to recovering the vessel and transporting it to a power boat auction. There are many power boat auctions of boats damaged by hurricanes through the year. Most of the boats are quite badly damaged but they have critical components that can be used and reused in repairing other boats. Some boats are not so badly damaged but the owner still wants to dispose of it. These are the boats that can be restored and at a good bargain too.

When you pick a salvage company, you should ensure that they can recover and store the boat safely. The salvage company must also have the facilities to preserve the boat from any further damage until the next power boat auction in order to get a good enough price for the boat. Some of the salvage companies pounce on the boat that has been damaged even before the owners can recover from the shock of the damage that has been done to their prize possession.

A good salvager goes about his work effectively, understanding the loss the owners have to bear. The boat is always a total loss and the best can be recovered from a power boat auction, and the best price can only be had if the boat has been properly stored and preserved from damage to the elements and vandals.
About the Author
Abhishek has a passion for Boating since the last 30 years! Visit his website http://www.Boating-Guru.com and download his FREE Boating Report and learn some amazing Boating tips and tricks for FREE! Also discover some excellent ways to finance your Boat. But hurry, only limited Free copies available!
http://www.Boating-Guru.com
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