You could very well be right (being in Canada) for the last 10 years, but let’s keep an eye on what the fine print says on renewal forms as a trend.
/J > On Feb 9, 2018, at 12:09 PM, Marek Dziedzic <dziedzi...@hotmail.com> wrote: > > Isn’t one of the options the so called “agreed value” insurance? This is what > I am using for over 10 years (both for the previous boat and this one). This > way, the value does not depreciate over time. You agree on the value (in fact > you call it, but they adjust the premium) and that’s it. Any additional costs > (liability, salvage etc.) don’t depreciate, so it is not the issue. > > just my 2 (Canadian) cents > > Marek > in Ottawa, ON > > From: John Christopher via CnC-List > Sent: Friday, February 9, 2018 11:57 > To: Joel Aronson > Cc: John Christopher ; firstname.lastname@example.org > Subject: Re: Stus-List Restarting Thread - Insurance: SHAME on Boat > U.S./Geico! > > Hi, > > Have been monitoring this thread from the Canadian north. > > A pattern to consider in relation to depreciation is, considering the > hurricanes, storms, frequency, numbers, and perhaps where people store their > boats for the winter (mainland or other). > > It comes to mind the insurers are also mitigating their risk for the future. > As a result they have devised a method that supports paying out far less than > they do today due to the increased frequency of disasters. > > I don’t mean to stir the pot here, just an observation. > > > /J > >
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