[midlifesailor]

I am looking into insurance on a hypothetical boat purchase and the quote I got from BoatUS places the agreed hull value about $8K below the hypothetical agreed price. I haven't had a chance to call and speak to anyone but wondered if this is common.

I also looked into a hypothetical boat loan and they were more than happy to loan over the agreed price assuming the boat survey backed the value which I think it will.

I had read posts that it was sometimes hard to get financing on nice examples of a particular model boat, because the average boat was worth less and they didn't want to loan more for the pristine example. Are we facing a similar thing with insurance.

Do people accept this risk?