new boat: insurance question
we just purchased a catalina 27 and were wondering about insurance. It's a 1978 and we paid $3675 for it. When I called GEICO they said a catalina 27 has a blue-book value of $10,000. So I'm not sure what to do about the comprehensive; do people usually insure for the blue-book value of the boat, what they pay for the boat, or somewhere in between?