Re: 1978 18' Seacraft
Kelly can be off on the value of a boat depending on location. I recommend BUC or BoatUS for valuation purposes.
BUC (used to be "Boating Underwiters Corporation", but now it's just BUC) has been the recreational boating industry standard for valuation for 40+ years.
NADA values my 20' Seafari hull in average condition at $950, 90 Opti motor at $3400, trailer at $675: Total value $5,025.
October 2010 KBB (looked up at local dealer) says $1550 for the hull, $4100 for the motor, and $600 for the trailer: Total value $6250 as of 8 months ago.
Boat US values my whole package, Boat Motor & Trailer, including CG equipment and electronics for $6875.
I have an "agreed value" insurance policy with them for $9,750, with a $500 deductible ($1,000 deductible for hurricanes)
BUC value for my hull is $2350, $3700 for the motor, and they don't give a value for the trailer, but $600 is about right. Total value $5650
Do the research, you'll be glad you did.
__________________
Common Sense is learning from your mistakes. Wisdom is learning from the other guy's mistakes.
Fr. Frank says:
Jesus liked fishing, too. He even walked on water to get to the boat!
Currently without a SeaCraft 
(2) Pompano 12' fishing kayaks
'73 Cobia 18' prototype "Casting Skiff", 70hp Mercury
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