psubill78
Member
- Jul 20, 2011
- 624
- Boat Info
- '05 Meridian 368 MY, '11 Baltik BA95 Dinghy. Still a Sea Ray lover at heart!
- Engines
- 8.1L HO Mercruiser (840 horse), 10kw Kohler Genset, Torqueedo 1003 for Dinghy
So the wife and I are debating purchasing 2 jet skis, and in looking at PWC policies at Boat US (who we have our boat insurance through), we found that they prorate partial losses on certain items on PWC policies, starting at 10% a year after the PWC manufacture year, with a minimum coverage of 10%. As I read deeper, I see similiar stipulations on the boat insturance side as well - starting at 6 years!
Our Sea Ray (in damn great condition) is 14 years old. So that would mean any partial loss, and our insurnace will only pay 20% towards the repair. Things like an outdrive, or something getting hit with a log wouldn't be covered more than 20%!!!?! What if you replace the outdrives, does the 'clock' start over, or does it still go with the age of the boat itself?
Am I misunderstanding this? Anyone else out there with Boat US have a partial loss, and got hit with this?
Do any of the insurance carriers NOT do this?
Our Sea Ray (in damn great condition) is 14 years old. So that would mean any partial loss, and our insurnace will only pay 20% towards the repair. Things like an outdrive, or something getting hit with a log wouldn't be covered more than 20%!!!?! What if you replace the outdrives, does the 'clock' start over, or does it still go with the age of the boat itself?
Am I misunderstanding this? Anyone else out there with Boat US have a partial loss, and got hit with this?
Do any of the insurance carriers NOT do this?
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