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Old 02-20-2013
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Re: Womboat Takes a Strike.

Bent ... I'm trying to get the full drum on the depreciation issue but generally speaking with plant and machinery insurance, up to ten years it is replace, beyond ten years it depreciates 20% per annum. How you insurer handles it may depend on your specific policy.

Hartley ... Overall the two pieces of equipment that are most outdated on the Womboat are the Radar and the Chartplotter in the cockpit. All other instruments were only superceded by Raymarine a year or so back. Of interest is the fact that the new models are in the main less expesnive the the old stuff when it was new,
Andrew B

“Life is a trick, and you get one chance to learn it.”
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