STOLEN BOAT

[Whitewash]

benniejordaan wrote:

belindau wrote:

Hope the insurance pays out well to get a brand spanking new outfit. Will be interesting to know what it will cost to replace and what insurance will pay. How do they value a boat these days? Hope all the other equipment on the boat was also specified. Always important to update insurance once you add new bling to the boat.

Boat are different to cars. There is no resale or trade value so it is insured for replacement. If your insurance is up to date, you should get a new rig.

Not correct. When I insured my rig the insurance required a valuation certificate from a certified dealer prior to a policy being put in place. I subsequently suffered total loss in an accident and was paid the amount according to the valuation, not replacement value.

Still, those EFi's will be worth a pretty penny and there should be enough in the claim value to replace the rig in full.