Here is the deal on insurance on and old boat in MY case which i am fixing
After a survey it will get a value it can be insured at
In MY case i can increase THIS value by the cost of new PARTS i install like 7000 dollars to cover a diesel
The labor to install does NOT have VALUE
Painting the hull all pretty will NOT increase the value unless a second survey finds a significant change in market value
I am not and insurance expert BUT i do pay one
