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post #7 of Old 11-13-2011
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Originally Posted by kd3pc View Post
In my experience, whether boats/cars/motorcycles, it nigh impossible to get decent coverage on a "CTL" boat once repaired. They are ONLY going to pay ONCE for that boat, end of story. And they just did.
The above is fair comment. Having been thru this several time with cars being written off(none my fault) It is important to note that the insurance company will not pay twice. Well technically that is not true. If the boat is bought back, for lets say 500$, then it is insured for 500$. Something to consider...
Not all bad though, if the boat is worth nothing then there is no need to pay replacement cost insurance moving forward, liability yes, but not replacement cost.

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