I just received my premium renewal from Boat
US, $1400. Normally I just bite the bullet and cut a check. The boat
is in great shape and insured value $110K and is less than I feel its worth $150k. These values are certainly less than replacement costs would be. After I pay the deductible and swallow any other losses in a payout it makes me wonder if its worth it.
Boat was built in 1978 and i have looked for other providers, denied by all due to age. I have never filed a claim in 20yrs or ownership
I am interested in how many of you have dropped your coverage to liability only. Required by my marina and is responsible to have in my personal opinion.
Interested in your responses.