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re: Stolen Boat - UPDATE - Boat Found

Posted on 12/28/18 at 2:02 pm to
Posted by KemoSabe65
70605
Member since Mar 2018
5283 posts
Posted on 12/28/18 at 2:02 pm to
Have you contacted your carrier and filed a claim yet? I would have the bills of sale for both motor and TM scanned and send to adjuster. They should cover the new equipment since it was attached to your insured boat. Might need to pay difference in premium of prior and current but that's not a big deal. I would tell ya to pm me but this site has no such animal. Hope you have a good agent and your policy is agreed value.
Good Luck
Posted by Tiger Prawn
Member since Dec 2016
22052 posts
Posted on 12/28/18 at 3:07 pm to
quote:

They should cover the new equipment since it was attached to your insured boat. Might need to pay difference in premium of prior and current but that's not a big deal

Yeah I’m gonna go out on a limb here and say that its not very likely the insurer is going to allow someone to retroactively increase coverage and just pay the premium difference AFTER a loss already occurred.
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