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I have settled up with the insurance company. They paid me the 100 cents on the dollar for what I had her insured at (not enough to get an exact replacement, but it will help get me there).
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Every boat owner should/needs to have insurances issued on an Agreed Value basis (no depreciation or deductible are applied on a total loss) compared to an ACV policy (actual cash value which is based upon depreciation).
Everyone should check how much they have there boat insured for. Sometimes you can increase this amount for a very small increase in premium.
I would recommend anyone who doesn't have and agreed value policy, (if you don't know check today!) to get one.
In my experience, one great boat insurance company is Boater's Insurance
(website).
Good Luck with your restore!
A
ps. for your repower I'd check out the new Verado Power, they are AWESOME !
