I guess my beloved 53C will have to go....

[JuiceClark]

I left early last weekend to take her up to get painted in Port Charlotte - and couldn't get out of the canal. Ian washed so much silt into areas that I can't get out of my canal unless high tide in the Winter and medium to high tide in the Summer. That's not going to work and I don't foresee a big dredging project here for at least a couple years. There are areas that were 13 feet before the storm that are now 13 inches. I've been taking her out on weekends and it's just too tricky timing the tides - with added family time constraints.

In a couple years, I'll get a 4' draft sportfish...perhaps a 45C. In the meantime, I'll pay off my mortgage and drop my flood and wind insurance because it's mostly worthless, apparently.

I'll get her up to Safe Cove in the next couple weeks for painting, trim tab repair and a bottom job....about $45k. An appropriate price would be about $90k before the work and $135k afterward. If you're considering a 53C, you might want to get this one before the work and paint as you'd like. It only has one scratched area from dock rash during Ian.

Everything works on the boat because I've redone everything needing attention. I think there are 6 things left on my original list of items. (new fridge, carpet, new bonding wire, install new spotlight. The engines run really, really well. All canvas is replaced and the boat has everything...restored fighting chair, tested watermaker, w/d....everything.

Anyway, I'll try to put a proper listing up if anyone knows someone interested - give me a couple days.

 

[zigzag930]

Juice,

We're in Punta Gorda. Luckily of for us, no issues with tides or canals. Have you considered finding a spot up this way to keep her? I'd bet you can find a spot in Port Charlotte.

We are on the same "game plan" as you. Paid off the mortgage yesterday. Plan to drop insurance in October, but figure we might as well keep it (for what is worth, if anything) during the riskiest part of the season. Current rate is pretty low, but renewal on August 28th is outrageous.

Anyway, best of luck on the sale if you decide to list her.

PS. If she doesn't sell by Labor Day (and you can get out of the canal), come on down the South Seas Resort and join a few other Hat owners that are meeting up there.

In the meantime, I'll pay off my mortgage and drop my flood and wind insurance because it's mostly worthless, apparently.

 

[JuiceClark]

Juice,

We're in Punta Gorda. Luckily of for us, no issues with tides or canals. Have you considered finding a spot up this way to keep her? I'd bet you can find a spot in Port Charlotte.

We are on the same "game plan" as you. Paid off the mortgage yesterday. Plan to drop insurance in October, but figure we might as well keep it (for what is worth, if anything) during the riskiest part of the season. Current rate is pretty low, but renewal on August 28th is outrageous.

Anyway, best of luck on the sale if you decide to list her.

PS. If she doesn't sell by Labor Day (and you can get out of the canal), come on down the South Seas Resort and join a few other Hat owners that are meeting up there.

Thanks! I like having her right behind the house. I'll go down and check things over as soon as I finish typing this.
It's such a mess down here. People don't/can't really understand the eye wall was over this small area for 9 straight hours of Cat 4/5. There's SO much work to be done, I'd bet it'll be close to 5 years before all the canals are redredged....and mine will be last. It's just a bummer. She's so nice and I put a lot of time and $ in. But 4' works and 5' doesn't in the Winter.

She'll be up at Safe Cove for a couple months and We Paint Boats will clean her up. It's a little time for me to change my mind.

 

[Captain Ralph]

I know you have a fine ship. But I have to interject a thought;
Her sale value now,, VS the cost of repainting then marketing her, Do you think you will recover your upgrade expenses PLUS on resale closing?
When I sold my Finn, I lost my asp on repainting investments.

 

[JuiceClark]

I know you have a fine ship. But I have to interject a thought;
Her sale value now,, VS the cost of repainting then marketing her, Do you think you will recover your upgrade expenses PLUS on resale closing?
When I sold my Finn, I lost my asp on repainting investments.

I've been grinding on that question for a month...very conflicted.

There's just a little scrape at the bootstrap (from Ian) that must be fixed. But a newly painted stripe would cover the spot after repair and the hull can be buffed out. The topside needs the paint, but some guy wanting a fishing boat might just roll and tip it and keep the change.

On the other hand, snowbirds wanting a home in the marina would pay-up for paint. But hell, there aren't many marinas left around here!
She has all new canvass and still looks good from 20 feet.

I need a bottom job and trim tab repair anyway. So, yeah this might be a bad idea but I have a couple more weeks to think about it.

 

[rsmith]

Sorry to hear it I had my flood insurance go from 1000 to 10,000 this year. The windstorm renews this fall and I’m holding my breath. Fortunately I’m in the same position to pay it off and self insure. We’ve been here since 1989 but in 04 Frances tore the roof off and gutted the house. It was 18 months and the department of financial affairs working on our behalf before we saw dime one. I even had to buy my own trailer to live in while the house was being built. We had to refin and take our equity back out to cover what the insurance co wouldn’t. But we completely demo’d the house and rebuilt to 170 beyond the codes. My neighbor just had his windstorm jump from 8to 20k so I’m probably looking at the same. It really sucks when you pay all these premiums and then they jack the crap out of you anyway. It’s just sick. Good luck over there I see the water temp hit 101 something spools up in the gulf with those temps look out.

 

[rsmith]

But then again when the fireballs start rolling across the Atlantic and your self insured Big pucker factor.

 

[JuiceClark]

But then again when the fireballs start rolling across the Atlantic and your self insured Big pucker factor.

Funny how it works. I built my house like the boat - brick schmitthouse. 9 hours under that eye wall and there was almost no wind damage. I didn't even lose a roof tile. All my damage was from pieces of the neighbor's house blowing off and hitting mine...which isn't covered.
So, I'm going to get the very biggest deductible and lowest payout for wind. Quasi-self insuring.

But flooding? The water had never been above the seawall in my neighborhood since it started in 1968. Surrounded by mangroves, there's plenty of room to spread-out the liquid. But this one came not from the SW but the NW. So, the water came rolling down the street and drained out the canals! Freak. The 13' surge washed across the river and canals and filled them like snowdrifts.

$14k per year for flood ins and the max payout is 240k? I'll self insure that...and doubt THAT will happen again in my lifetime.

 

[Rich60175]

What about using this at the end of your canal? It will blow out the silt and sand? Scott aerator. Aqua sweepscottaerator /aquasweep-pond-algae-removalAdd the .com Back in

 

[cww]

Funny how it works. I built my house like the boat - brick schmitthouse. 9 hours under that eye wall and there was almost no wind damage. I didn't even lose a roof tile. All my damage was from pieces of the neighbor's house blowing off and hitting mine...which isn't covered.

Sure it is. Assuming your policy doesn't have a windstorm exclusion, flying debris is a covered event.

 

[rsmith]

Hey Juice you ever see the movie The Laundrymat? I saw it last night on Netflix it’s the story of the Ethan Allen sightseeing boat that sunk on a lake up in Ny. Their insurance didn’t pay out and one of the women who lost her husband started following the money through all these reinsurers and shell corps in the islands. Be funny if it weren’t true.

 

[JuiceClark]

Sure it is. Assuming your policy doesn't have a windstorm exclusion, flying debris is a covered event.

Not when his pool cage crushes yours because he didn't cut his screens. ($70k) The beams fall into the pool and gouge it all over. ($20k to resurface and retile) None of that is covered and I can't hold him liable in a storm. His roof tiles break your windows, but that doesn't meet the deductible because there's flood damage anyway. Etc etc.

What a racquet.

 

[JuiceClark]

Hey Juice you ever see the movie The Laundrymat? I saw it last night on Netflix it’s the story of the Ethan Allen sightseeing boat that sunk on a lake up in Ny. Their insurance didn’t pay out and one of the women who lost her husband started following the money through all these reinsurers and shell corps in the islands. Be funny if it weren’t true.

Nope - and will watch it! I've been in the financial industry for 30+ years and it still amazes me how everything is a scam. From SBF enjoying dropped charges to every single small cap stock being completely manipulated by hedge fund algorithms...it's a giant onion of villainy and scum.

 

[VieEnRose]

Oh no! I've been following along in your journey because the 52C (its a 52 right???) is such a cool boat and I remember seeing yours forsale before you bought it. Seems like we have similar ideas about financial rackets / self insuring too.

Do you mind sharing your general area? I'm just north and clearwater and I'm curious how we would have fared if Ian stayed N. They always report peak damage immediately after the storm and then everyone forgets and moves on while the locals are left hurting for a long time. Did your house flood?

 

[JuiceClark]

Oh no! I've been following along in your journey because the 52C (its a 52 right???) is such a cool boat and I remember seeing yours forsale before you bought it. Seems like we have similar ideas about financial rackets / self insuring too.

Do you mind sharing your general area? I'm just north and clearwater and I'm curious how we would have fared if Ian stayed N. They always report peak damage immediately after the storm and then everyone forgets and moves on while the locals are left hurting for a long time. Did your house flood?

I'm sorry I became busy for a month and missed your post. Yes, a 52C. (faceplam my thread title)

The storm was really, really bad here. The reporting was pathetic and most have no idea. The NE eye wall was over my house for at least 8 hours, stalled. Sanibel is wrecked and FM Beach is as well. Most mangrove trees in Ding Darling are dead - it's quite a sight. Sure, they handle saltwater - but apparently not THAT much.
I'm right by the Sanibel Causeway and had only about 14" in my house. Well, now that I'm nearing the end of the rebuild I can say that was about $400k damage inside and another $150k outside. Even the motors of my boat lift were submerged by the surge. Pool pumps, A/Cs, irrigation, garage and all other doors...everything had to be replaced.

Thank goodness I have a floating dock. The Hatt just bumped around there like it was no big deal. If I had a fixed dock and it was 7' underwater, the big girl might have gotten loose and destroyed the neighborhood - or at least ended on top of the dock.

1873 was the last time a storm like Ian hit this area. So, I hope that's it until I'm about 200 years old.