If you have a subscription to Practical Sailor or know someone who does they had an excellent article on how to go about getting the right insurance
for your vessel. Anyone who has a subscription can get archived copies for free online, if not you can purchase
a copy of the articles.
It's an excellent guide that explains all the ins and out and how not to get burned, they also rate how well the different companies respond when things go wrong, which is just as important.
I recently used the advice to obtain insurance for our newly purchased Cheoy Lee
47, with a cash value agreed upon number in the case of total loss. all told with all the coverage I was able to get a policy for around $1400.00 for complete coverage including the max amount for spill and pollution coverage. The max the Coast Guard can write you up for in the case of a sinking and the need to recover spill damage (oil, fuel
containment, etc) is $864,000.00, that's something to consider when purchasing
It would be well worth looking into.
When you come to the table prepared with all the information in hand most reputable independent marine
insurance agencies will respond accordingly.