Boat Insurance Question

[pull-on]

Dumped a bunch of $$$$ into my boat and want to up the insurance value. Current policy is based upon stated value. Underwriter is looking for proof of the boats worth (which we all know is subjective)

So........do I need a Marine Surveyor or is there a specialized marine appraiser (not NADA). And can anyone recommend such a person in Southern California, Arizona, or Nevada?

Thanks

 

[Daudioexpert]

Dumped a bunch of $$$$ into my boat and want to up the insurance value. Current policy is based upon stated value. Underwriter is looking for proof of the boats worth (which we all know is subjective)

So........do I need a Marine Surveyor or is there a specialized marine appraiser (not NADA). And can anyone recommend such a person in Southern California, Arizona, or Nevada?

Thanks

Provide documents showing the recent upgrades


Sent from my iPhone using Tapatalk

 

[ArizonaKevin]

generally you need a surveyor to get you a new appraised value. hit up @Boatracer36 he probably knows some appraisers

 

[FCT]

I’m currently in the same situation. My insurance is for a fraction of what I have into it now. My problem is I don’t have receipts for much of anything because it was all cash under the table. Info for appraisers would be appreciated from me as well.

 

[zx14]

3215 S. Tenaya Way Las Vegas, NV 89117 Ofc (702) 274-7770 Cell (702) 274-7780 [email protected]
James Lang

 

[Melloyellovector]

3215 S. Tenaya Way Las Vegas, NV 89117 Ofc (702) 274-7770 Cell (702) 274-7780 [email protected]
James Lang

I second this, had to get marine survey on the conquest. Jim’s pretty knowledgeable. Value ended up where I needed it to be. And was willing to review engine build etc for higher value if I needed.

Upgrades are subjective. Interior, gel repairs, trailer etc... are all expected to be nice on agreed value. Finally fixing something it’s needed for years doesn’t particularly increase value.

 

[pull-on]

3215 S. Tenaya Way Las Vegas, NV 89117 Ofc (702) 274-7770 Cell (702) 274-7780 [email protected]
James Lang

Thank you!! I'll give James a call.

 

[pull-on]

I second this, had to get marine survey on the conquest. Jim’s pretty knowledgeable. Value ended up where I needed it to be. And was willing to review engine build etc for higher value if I needed.

Upgrades are subjective. Interior, gel repairs, trailer etc... are all expected to be nice on agreed value. Finally fixing something it’s needed for years doesn’t particularly increase value.

Subjective is an understatement, . My current policy is based upon stated value, which I did when I purchased the boat a few years ago. However, now that I've made a lot of upgrades and improvements (and I'm not done) god forbid anything were to happen, I just want to cry a little less.

 

[Deltarat]

I'm in the exact same position, anyone one know of a resource to reach out to in the Northern California area?