"Agreed value" applies in a total loss situation. Its a ceiling, not a floor.
Joel <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> Virus-free. www.avg.com <http://www.avg.com/email-signature?utm_medium=email&utm_source=link&utm_campaign=sig-email&utm_content=webmail> <#DAB4FAD8-2DD7-40BB-A1B8-4E2AA1F9FDF2> On Fri, Feb 9, 2018 at 12:21 PM, John Christopher via CnC-List < cnc-list@cnc-list.com> wrote: > 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 ; cnc-list@cnc-list.com > *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 > > > > > _______________________________________________ > > Thanks everyone for supporting this list with your contributions. Each > and every one is greatly appreciated. If you want to support the list - > use PayPal to send contribution -- https://www.paypal.me/stumurray > > > -- Joel 301 541 8551
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