[C320-list] Insurance renewal

[surprise thompson87.com]

Well put. I probably carry too much since I haven’t renegotiated the coverage in many years. And I’m not sure whether the limit on my policy is the same as “agreed hull value”. 

> On May 19, 2023, at 7:44 PM, Christopher Nichols via C320-list <c320-list at lists.catalina320.com> wrote:
> 
>    I really appreciate every single contribution to this thread. It has
>   clearly rung a bell,   well perhaps a little one.
>   One thing that does interest me is how we each value our boats. When
>   Sara and I bought Amanda Rose we were in a good place building a new
>   life in MA. I guess that is true to most boat buyers.
>   Like most good times they faded a bit but AR did us proud giving a
>   floating sanctuary that was priceless.
>   Is fact we both recall saying to one another that should she sink and
>   vanish without any recovery we would still be glad to have had her.
>   Her value to us today is therefore not just financial but also
>   emotional.
>   This may also be reflected in our insurance valuations and in how much
>   we put up with paying for what has become almost family.
>   ....
>   ...
>   ..
>   .  But ultimately it is skill, engineering, craftsmanship and care that
>   built these craft....     and...  crucially.....   many others.
>   So it strikes me we should not let sentamentalism drive our insurance
>   decisions.
>   Looks like this crew's for changing!
>   Best,
>   Chris
> 
>   On 19 May 2023 20:37, Melissa&Larry Leibman via C320-list
>   <c320-list at lists.catalina320.com> wrote:
> 
>     Just to add another relative data point for cost vs insured value,
>     like Scott we have all our insurance through Erie. Coverage (with
>     muti-policy discount) for $71k value and $500k liability with $500
>     deductible and extra towing coverage added up to $1000 per incident
>     came to $485.
>     I've been fortunate not to have to need it for anything boat-related
>     so I cannot vouch for their effectiveness.
>     LarryEasyGoing, Hull #609