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Damaged boats for sale There has been a recent increase in demand (and supply) of damaged boats for sale. The increase in bad weather and insurance companies 'writing off' yachts for auction has seen to this new raised interest in damaged boats. Purchasing a damaged boat can be a good way to buy a yacht that would otherwise be many times the price.
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Insurance companies and owners usually give hurricane damaged boats for sale and theft recovery boats for sale at Salvage boat auction in the coastal areas after major storms or other natural disasters take place. A good example of such an occurrence is hurricane Dorian that hit the Bahamas.
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In most cases they are insurance claims with minor damage such as turnovers or rain water flooding or something as simple as a pump going off. Boats that are severely damaged are sent to the junk yard to be stripped for parts or scrapped, however those that can be salvaged are usually sold at auction by boat dealers.