Re: Katrina rescuer is sued by boat owner
Fat chance he will recover a dime. Boat insurance is based on the actual cash value of the boat. Insurance has indemnified him based on what he lost (ACV) that is all that the law recognizes in recovery. I would appear from this information that the insurance company holds the right to recovery (subrogation) and the only exposure to the boat owner might be his deductible.
Also, this is the type of claim that FEMA is designed to address, would recommend if he is serious he should contact them.