Stee6043
Well-Known Member
This is one of the big issues with older boats.
When I repowered and re-surveyed in 2006 I was insured with Pre-Geico BoatUS for $110,000
Had a gap year when things went to hell in 2009
In 2010 re insurance with Boat US required a new survey
Despite the survey being 100% perfect, BoatUS dropped the total value by nearly 50%
RWS
It's good to review the difference between an "Agreed Value" and "Actual Cash Value" policy when you start shopping for your next boat. Sounds like you have an actual value policy on the Trojan? Those policies can have significant limitations when big things happen to big boats.