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Thread: Boat Insurance Vaulations
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06-09-2022, 02:55 PM #21
So $300 for a certified appraisal - is that reasonable?
So when is this "old enough to know better" supposed to kick in?
2001 MobiusV - Slightly Modified...
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06-13-2022, 08:03 PM #22Senior Member
- Join Date
- Apr 2012
- Location
- Lexington, SC
- Posts
- 542
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.
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06-13-2022, 08:40 PM #23
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.
So when is this "old enough to know better" supposed to kick in?
2001 MobiusV - Slightly Modified...