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Started By
Message
re: Stolen Boat - UPDATE - Boat Found
Posted on 12/28/18 at 11:07 am to maisweh
Posted on 12/28/18 at 11:07 am to maisweh
quote:
the value doesn't go up because you added a trolling motor and an e-tec. it just makes it easier to sell.
if you insure for declared value it most certainly matters.
I’ve increased my insured value every time I’ve repowered
2
Posted on 12/28/18 at 11:08 am to cgrand
quote:exactly.
if you insure for declared value it most certainly matters.
I’ve increased my insured value every time I’ve repowered
Posted on 12/28/18 at 11:10 am to cgrand
I've never insured a boat as I've never owned one worth over $10k. But if you buy a boat worth say $30k and own it for 10 years, how many people lower their insurance as it depreciates? Not many I'd assume? If you then repower and say its worth $35k in 5 years with depreciation plus a new motor. I mean realistically sure you aren't fully insured, but you can't be perfect. You saved a little money with less insurance too.
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