I went to a marine insurance seminar hosted by the senior VP of Robertson&Robertson , now part of Aviva I think. Boat insurance is not like car or house insurance. Different in many ways . Example : if you take home cushions / canvas/ life jackets and the boat is written off , that stuff is not covered. Take sails home ? That’s not covered in the event of a boat loss. Make big improvements and not update your insurance? Good luck. So many boats are “under insured “ to keep premiums low and then disasters hits . Get your boat evaluated properly , don’t hire your drinking buddy to do a survey and make sure you have enough insurance. If a boat like the story has sells for one ten and ninety nine for two replacement options and your is insured for seventy . Well that’s sort of a you problem.
Ps, if I was the insurance companies and could write off all those boats ? Yup one hundred percent . Otherwise your dealing with some knuckle heads that think thirty year old gell coat repairs will be invisible, even though trim parts haven’t existed for twenty years you should be able to find some and what do you mean it will take six months to fix ? You’ve stolen my life ……
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