November 21, 2009
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Ike boat damage estimated at $200 million


Galveston Bay still has wrecked boats on the bottom and marinas struggling to rebuild, but a better picture of the blow Hurricane Ike dealt the region's recreational marine industry is emerging.

Some highlights: BoatU.S. estimates $200 million in damage to 15,000 recreational vessels. About $25 million of that is from outside Texas, as Ike moved inland and its pounding rains caused flooding throughout the Midwest and into New York.

Texas is a big boater haven, though insurance experts say the Galveston area market is unique in several ways. Some of them may make rebuilding more difficult. How long will it take to return to "normal?"

Check out my full story on www.madmariner.com, which will appear Monday, Oct. 27. 

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