Sounds reasonable but if it was me I'd have a higher agreed price. IF you do end up totaling the boat, you are gonna pretty disappointed with only 10k. Even with my 78 MA before the refit I had an AV of $15k. Will probably bump that up to $25 or $30k now that the boat is restored. Unfortunately most boats are worth more dead than alive...
I think for $15k AV and $1m umbrella I pay around $500/yr. I do insure multiple boats though. Through Progressive, who I have always been happy with, on BOTH sides of the insurance equation (customer and vendor.)
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