{Stus-List} Insurance Question
Frederick G Street
fred at postaudio.net
Mon Mar 15 18:45:20 EDT 2010
I've got an agreed-value policy with BoatUS. They've been great to work with, and considering the age of the boat (1979), the insurance seems pretty reasonable to me.
Fred Street -- Minneapolis
S/V Oceanis (1979 C&C Landfall 38) -- on the hard in Bayfield, WI :^(
On Mar 15, 2010, at 5:23 PM, OldSteveH wrote:
> Folks I am purchasing a 28 year old C&C 34. An insurer quoted it two ways:
> - actual cash value policy
> - agreed value policy
>
> The agreed version is more than double the premium. The agent explained that
> its like replacement cost insurance versus fair market value insurance. On
> the fmv version you are only covered for what the boat is worth at the time,
> ie un-depreciated portion.
>
> What type of insurance do most of you have? Any comments on pros and cons?
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://cnc-list.com/pipermail/cnc-list_cnc-list.com/attachments/20100315/636cdf75/attachment-0002.html>
More information about the CnC-List
mailing list