Drivehard
Member
- Joined
- May 12, 2020
- Messages
- 16
- Reaction score
- 24
We have a Nordic Thor. Just curious what people are doing about insurance when the nada is close to half what a boat is actually selling for? We had been using a well know boat insurance broker but after several conversations about boat values and being told by them “insurance is to replace what you paid not what it’s worth” and my response bing every time will you are insuring it for almost 20k lees then I paid I got frustrated and changed insurance. The problem I am running into is every single insurance company out there uses nada which is not even close on the boat or the trailer for that matter.
For example they all value the trailer at $8000. We all know that seven wheels and seven tires are about $5000 and that doesn’t include the trailer. Lol.
I understand insurance and that nothing is worth what it is new but if god forbid something happened we couldn’t even come close to replacing what we have for what I have it all insured for and I can’t find any other options.
Is this something anyone else is running into and what if anything is everyone doing about it?
For example they all value the trailer at $8000. We all know that seven wheels and seven tires are about $5000 and that doesn’t include the trailer. Lol.
I understand insurance and that nothing is worth what it is new but if god forbid something happened we couldn’t even come close to replacing what we have for what I have it all insured for and I can’t find any other options.
Is this something anyone else is running into and what if anything is everyone doing about it?