ChuckW
Active Member
- Mar 6, 2009
- 1,487
- Boat Info
- 2007 RoadKing Tri-Axle Trailer towed by a 2013 Yukon XL K2500
- Engines
- 496 MAG Bravo III
Ask for "Agreed Value" Coverage. That's what I have from NBOA. Covered the boat for more than I paid for it.I am currently with BoatUS and just got a quote from NBOA after reading the different threads here. The problem that I have with NBOA, and this was after talking to one of their customer service people, is they would only insure the boat for the loan amount not the Condition and Value Survey amount given by a surveyor (done in Sept '08). Which is a big deal when my loan is for a lot less then the current value of my boat.
Am I missing something here boat value $100,000..paid less for the boat...loan $60,000, but NBOA only offered coverage on the loan amount. With BoatUS I have coverage on the value of the boat.
Anyone else run into this with insurance coverage? (maybe I need to post this on the other NBOA thread)