What would appear the difference to me and i insure both boats with GJW ,is gjw claim fixed value insurance ,ie if you insure a boat for say 20 k ,then break down to hull 7k trailer 3k and engine 10k ,then thats what you get ,sort of seems to get you new for old in a way ,especially as on renewal they dont revalue /devalue your rig ,it seems to be that you state what its worth and providing your prepared to pay for the value you want ,then thats acceptable to them ............i dont really understand this approach but do it as there is nothing worse than having the insurance company telling you your pride and joy is half the value you insured for !........maybe someone will enlighten me !
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