Insurance Coverage Question

midexp

Active Member
Oct 5, 2016
423
Harrison Township, Michigan Lake St.Clair
Boat Info
1999 40' Sundancer
Engines
454 merc
I have found an insurance policy through a local broker for a policy through International Marine Underwriter. The premium is significantly lower than what I was paying before. One concern I have is the coverage for partial loss will take into consider depreciation, plus deductible (2% of insured value). Should I be concerned about the cost if I were to say take out a prop and shaft? Do most policies cover complete replacement cost for a partial loss? The policy will cover agreed upon value of the boat if a total loss were to occur.

Thanks
 

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