In a recent article on Pop Yachts, I wrote about the legalities of the yacht club and how lawsuits involving ownership of the vessels can be resolved. However, one of the questions that I receive more than any other is; “What if I own one of the Pop Yachts but not use it?” This is an excellent question and one that I try to address in all of my articles. The first thing that I would suggest is to speak with your local yacht broker. They will have information for you regarding the vessels belonging to the pop yacht club and the vessels which are out on the open water.
It is important to understand who the owners’ association is and what the NCC is. These two are joint operating agencies. The NCC is the governing body while the owners’ association is the group of individuals who use the vessel. Once you know the differences between the two, you will be able to decide if you want to pursue a claim against the pop yachts owners association.
Now there are different ways that you might be able to resolve the problem. If you have a boat that is valued at less than the fair market value then you should file a claim with the owners’ association. You will want to find a reputable attorney to help you with this aspect of the suit. Even if your boat is sold at a cost that exceeds the fair market value, you should still file a claim with the owners’ association.
What if you purchased your vessel from someone else? There are two separate options here. You could pursue a claim against the seller of the vessel along with the common law general liability insurance carrier. Another approach would be to contact the vessel owner’s association. Depending on your state, there may not be a separate owners association.
Once you have decided on the type of lawsuit and the location in which you want to file your suit, you must determine whether or not you will need to obtain legal assistance. Many yachts can be easily determined to be the wrong vessels for the purpose of filing a lawsuit. If you are unsure, consult with a qualified and experienced yacht lawyer. They will advise you on the best course of action for obtaining compensation for your loss and the corresponding repairs that may be required.
It is important to remember that you have a right to bring legal action against the owner of a yacht even after a sale. This is especially true if there were damages to the vessel. This is called a “damages” judgment. It can be grounds for a successful lawsuit. In fact, many people have successfully brought these types of lawsuits against the owners of many yachts that they thought were being intentionally negligent. Personal injury lawyers are typically very familiar with these lawsuits and can often lead you in the right direction in regards to filing a successful claim.