Well after reading through all 31 pages of the policy, everything that is covered, not covered, privacy policies, ect, I called the company (same one as above by the way). The guy told me that since I had an agreed value, that would not apply to me. You would think, with all those pages, there would be an asterisk or something explaining what that paragraph applied to.
While looking for clarification on the depreciation issue, I stumbled upon another. It seems that if the boat is damaged and the cost of repairs is more than its value, then the boat and all documents will be turned over to the company if they wish. Maybe I just read too much.
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