midexp
Active Member
- Oct 5, 2016
- 423
- 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
Thanks