35s5 Details
 

"Capt. Rob" wrote in message


ESTIMATED FAIR MARKET VALUE $69,500.00
ESTIMATED REPLACEMENT VALUE $155,000.00

replacement cost :

Valuation of property according to the cost of replacing it with property of
a like kind and quality; the cost to replace property at its current price
with no deduction for depreciation.





Robert B
35s5...the nicest boat on the list! By Far!
NY

35s5 Details
 

Valuation of property according to the cost of replacing it with
property of
a like kind and quality; the cost to replace property at its current
price
with no deduction for depreciation.


We're insured for the fair market value. It helped that the previous
survey listed her value at 68K and that was before things like A/C and
canvas were added. The big problem was that several insurance companies
had freezes in effect for Florida. Insurance was 980.00 per year with a
750 deductable. I felt that was high, but hey, it's NY. On the C&C we
only paid 650 per year.

RB
35s5
NY

35s5 Details
 

"Capt. Rob" wrote in message
oups.com...
Valuation of property according to the cost of replacing it with
property of
a like kind and quality; the cost to replace property at its current
price
with no deduction for depreciation.


We're insured for the fair market value. It helped that the previous
survey listed her value at 68K and that was before things like A/C and
canvas were added. The big problem was that several insurance companies
had freezes in effect for Florida. Insurance was 980.00 per year with a
750 deductable. I felt that was high, but hey, it's NY. On the C&C we
only paid 650 per year.

RB
35s5
NY

Why not insure it for replacement cost?

If you lost the thing, you can buy a real big boat with the proceeds.

Think of the troll value! You would be unstoppable then!

Amen!

35s5 Details
 

asset so as to obtain the level of services enjoyed
when the asset was bought, then the asset is in poor condition and the
firm
would probably not want to replace it.


Bob, you're killing these threads with such boring stuff. Cut it out.


RB
35s5
NY