Boat Insurance Vaulations

[bergermaister]

So $300 for a certified appraisal - is that reasonable?

[mgswake]

So $300 for a certified appraisal - is that reasonable?

Are they asking you for a certified appraisal because your value and their value are so far off? If you can get your agreed value raised significantly (19 up to 30ish) it might be worth the $300.

Have you tried calling other insurance companies? On my last boat for agreed value I just called and told them what I wanted to insure and they agreed and sent me the bill. Sounds like it is different now with the market being so inflated.

[bergermaister]

Part of the catch is my boat is 21 years old. But it's more like a restored classic car now than some worn out old heap. Makes it trickier to get a fair market value. Hence the appraisal requirement I suppose.