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Originally Posted by Chris Sunkin
(Post 2412388)
Unless it's significantly above book value, you shouldn't have an issue. You're paying for insurance at an agreed dollar value and they're charging you a commensurate rate that allows them to write a no-questions-asked check in the event of a total loss.
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All my boats, past and present are stipulated agreed upon
value. The only problom is when their is a total loss. You see total loss is a matter of opinion, the adjusters opinion. When the loss is high somtimes insurance companies will try to save the boat when it should have been totaled. So the boat sits in the boat yard for months getting fixed and it is never ever what it once was. |
Originally Posted by Strip Poker 388
(Post 2412101)
Looks like I need to ck into a agreed policy,I wonder if the will will want a survey or new pictures of the boat?
I have an agreed value also on my Fountain.Because its and older boat and I dumped a TON on money into it I wanted to make sure I was covered.I sent my agent 47 pages of receipts,200 build pictures and also a copy of a log book I was keep while putting this resin bucket back together.The agent called me back and said this had to be the best documented build they have ever seen and since I had the proof they gave me the agreed coverage that is twice the book value.So it cost a little more but I can sleep at night. Nordic95 Anthony R. |
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