For those of you owning an '60s - '70s AQ.....I'd like to hear feedback on the carrier your boat is insured with and how you customized an "agreed upon value".
As an insurance claims adjuster myself, the value of a vehicle, vessel, motorcycle, etc. when totaled/theft is determined by comparables within a radius of a given zip code. Problem with determining the value of a classic vessel is there are so few market comparables. So then you and the carrier must comes to terms with a agreed upon value at policy inception. But even then the carrier must substantiate this value with comparables.
I'm having trouble finding a carrier that's willing to underwrite a policy for my '76 170 for >$8k...and that's the minimum I'd consider. What's everyone else doing here to not only cover their loss, but also cover the loss for the hull rarity?
