12-13-2012, 01:43 PM
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#25
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Registered User
Join Date: Feb 2003
Location: Newtown, CT
Posts: 5,659
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Quote:
Originally Posted by 4boats
What you are describing is not even a salvage situation. The price for both TOW cases would be the same.The fee is not based on the wallet. If these two boats where in salvage situations the fee also would be the same. If you listen closely you may learn a little about salvage law. Sometimes the fee is based on hull value other times it could be based on a per foot basis. The insurance companies are willing to pay salvors for efforts that save the insurance companies money. The insurance company does not want a boat to get damaged,so they will gladly pay salvors that prevent that damage. I think everyone is trying to teach you a little bit about salvage law, because you dont agree with that law does not make the law wrong. Laws are Laws and we get paid based on the laws of salvage.
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Amen!
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