Join Date: Feb 2010
Location: Narragansett Bay
Thanked 229 Times in 214 Posts
Rep Power: 7
If you over insure, the carrier will be more likely to want to repair your vessel than pay it off as a total loss. If the damage is that bad, I would prefer to be paid off and buy another.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
In the harsh marine environment, something is always in need of repair. Margaritas fix everything.