Rebuild & Insurance

[Rodthepinfish]

I have been rebuilding for about 10 months. I am almost finished and I contacted my insurance company - State Farm - to increase my coverage.
I was told by them to get a marine survey. I have begun the survey and because the boat is not finished the surveyer will not put a value. The surveyer told me I may not be able to insure for the amount I have put into the rebuild. He also told me I would have to show what these rebuilt boats sell for. This may be very difficult to do. My boat is a Aquasport 22-2
1968/2007 completely rebuilt with coosa board and cell board. I will list pictures soon. Does anyone have any insurance rebuild info??

[JimCt]

Surveyor needs marketplace comparables in order to assign value but re-builds are really one-off's by the time they're done.  Maybe get in touch with one of the pro rebuilders and see if/how they assign value for insurance.  From your brief description of the boat I'd say your work would be at the high-end for a rebuild.  Early 22-2 done with top quality materials is a very desirable boat.

  Pictures should harvest some value opinions from the 22-2 folks here.

[John Jones]

My State Farm agent was pretty and pretty easy to work with.  

All I had to do was provide receipts for everything I bought.  She about had a stroke when I brought all the copies in.  I did not try to insure it for what someone might think their baby is worth.  I only asked for coverage on what I had in it, purchase price plus all the new stuff.  They covered it with no problems.

[LilRichard]

I believe you can just do a "stated value" policy... just say you need to cover it for $30k or whatever, then they work the rate up based on that value.  My state farm guy did that with some high end jet skis I had years ago...

[slim]

My agent broke it down. The hull, the motor an the trailer. have my 24' covered for 30k. 14 on the hull, 14 on the motor an 2 on the trailer.  I think it cost me 330.00 a year.

I'm not sure what the 19-6 will be yet.