Discussion Starter · #1 ·
I very confused, perhaps someone can help me become more informed.... I am now the proud owner of a 1986 Proline cc which I repowered with a brand new outboard. I was looking to get insurance on my boat but this is what I found out. When applying for an online quote your asked for the year, make, and model of your vessel, no where does it ask if you re-powered with new motors. That being said the value of your policy for any claim will be for that year boat??? I spoke with Geico and Progressive and they explained that if I was to hit a submerged object which did damage to my motor the claim would be treated as if the motor was the original motor on a 1986 hull??? From doing a bit of research this hull is really not worth all that much but my investment in the engine is. Does anyone know if or how I'd be able to get coverage for the current value of the boat, motor, and trailer (only 3 years old) so if I had a claim I won't find out later that the 'agreed value' will most likely pay me squat? It was suggested that I go and get an appraisel from an reputable source but that does not mean the insurance company will pay any more than they feel they need to.