Insurance

[Launch21V]

My insurance renews this week and as I was glancing over the policy it struck me that the insured value of the boat was much below what current market prices are.

Has anyone else looked at this and increased the insured value of their boat to reflect what it would cost to replace in today’s market?

[sandm]

we never did as all I cared about was replacement value. if I paid 80k and owed 60k, I only wanted 60 paid off and 20 in the bank. didn't care at the time that boat is now 100 and should have another 20. we were only looking to replace what we spent.

check out skisafe if you haven't. cheaper than most any insurance out there and you can pick agreed value yourself.

[eder10986]

we never did as all I cared about was replacement value. if I paid 80k and owed 60k, I only wanted 60 paid off and 20 in the bank. didn't care at the time that boat is now 100 and should have another 20. we were only looking to replace what we spent.

check out skisafe if you haven't. cheaper than most any insurance out there and you can pick agreed value yourself.

+2 for ski safe. Easy. Straight forward and as sandm mentioned you pick your value. We have SkiSafe for our Supra


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