Valuing boat for insurance

Jencourt

Well-Known Member
Hoping to get some thoughts on this from you all.
My insurer wants me to check the value of my rig this year. No survey required. I am having a struggle doing so. What should I value it at if I had a total loss??
As insurer described to me this is an "agreed upon value " policy.

Boat is 1996 trophy 2002
Main power 2005 Yamaha F-150 little over 1000 hours
Kicker is a 2005 Yamaha T-8 electric start and tilt ( tiller control version)
Lowrance LCX-27c
Full top and drop down relatively new
Trailer is a 2010 tandem roadrunner upgraded to disk brakes. New calipers,pads and bearings last summer.

last agreed upon value from a few years ago was

Hull = 14,000.00
2005 Yamaha F-150 = 6,500
2005 Yamaha T8 = 1,000.00
2010 roadrunner = 3000.00
Total = 24,500.00
5,000.00 in personal affects on top of this.

Any ideas appreciated. Thanks. Ray
 
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Personally, I'd put more value on your motors and little less on the hull, but the total valuation seems about right.
 
With cars you can get a professional appraisal done which ICBC will honor in the event of a total loss. I did this last year for my factory original 65 Mustang...cost me $200.
 
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