Rib Insurance
Hi
Does anyone know of any boat insurance polices where you can actually insure the value of your boat and engine as a payout figure, as opposed to any payout figure being subject to a 1/3 betterment charge or a 10% per annum depn charge on the outboard.
I only ask as with limited hours on the engine and extended engine warranties, such high deductions on any insurance payouts, should the worst happen seem a little unfair.
But that's probably insurance for you.
Thanks
David
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