Re: Insurance??
If you've done a lot of work to the boat and/or repowered it, you will need to have it surveyed to determine its current value. Then, you will need to give the survey to your insurance company. Be sure that you ask for a "agreed value" policy and a not a "actual cash value" which basically means they deduct for depreciation. In other words, if your boat is worth $15,000 at the time the policy is written...you want a policy that will give you $15,000 in return if the boat is stolen or totalled, regardless of how long you have owned the boat since the policy was written. Hope this makes sense.
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