"A.Boater" wrote in message
...
Who are you insured with? I don't know of any companies that will write a
policy for replacement value, if the boat is over about 5 years old.

A yacht policy is an agreed value policy. Also covers oil spills, and other
boat accident stuff. If the boat is damaged, they repair up to the agreed
value. Boat is totaled, you get the agreed value. BoatUS is that way. As
to insurance of 1mm on the cars, I have $$500k and for an extra $240 a year,
get a $2mm umbrella policy that covers a lot more than car accidents.

Califbill wrote:


"A.Boater" wrote in message
...
Who are you insured with? I don't know of any companies that will
write a
policy for replacement value, if the boat is over about 5 years old.

A yacht policy is an agreed value policy. Also covers oil spills, and
other boat accident stuff. If the boat is damaged, they repair up to
the agreed value. Boat is totaled, you get the agreed value. BoatUS
is that way. As to insurance of 1mm on the cars, I have $$500k and
for an extra $240 a year, get a $2mm umbrella policy that covers a lot
more than car accidents.
You reminded me of another thing to look for - underwater obstructions.
A friend of mine trashed his lower unit running over some unattended
fishing line. It cut the seal behind the prop and emptied the lower
unit oil. He was covered for that but had to pay his deductible.