Id make sure to set a full loss value and paid what they wanted.   Non itemized.  I don't think the savings would be worth the hassle? Am i missing something?

On Sat, Jun 5, 2021, 6:19 PM Bob Garrant <bgarrant at gmail.com> wrote:

> Thanks Roger
> Good idea about the replacement value
> However the itemized accounting for insurance purposes caused the abacus on
> my T-Account Yellow Pad to overheat.
> So I’ll just go back to repairing the cable for my non-CDI furler. I hope
> to make some progress on that tomorrow.
> We’ll see
> Bob
>
> On Sat, Jun 5, 2021 at 5:11 PM ROGER PIHLAJA <roger_pihlaja at msn.com>
> wrote:
>
> > Bob,
> >
> > We bundled our R-22, Honda outboard, and Lil Dude trailer into our home
> > owner’s insurance policy.  We have Auto Owners.  Not being able to insure
> > your outboard is utter nonsense!  Find a different insurance company.
> >
> > We got a separate appraisal for the R-22’s hull and rigging.  Then, we
> > have a separate schedule of equipment.  I keep this on a spreadsheet and
> we
> > provided our insurance company with copies of receipts to prove value.
> We
> > update the spreadsheet every year when the premium comes due.  This
> > schedule includes everything from anchors to sails to VHF radios.  There
> is
> > actually more equipment cost than the hull is worth!
> >
> > Although it’s a lot of work up front, the advantage of doing it this way
> > is that I have an agreed upon value for the whole boat.  My insurance
> > company and I won’t get into a dispute in the event of a total loss.
> Also,
> > make sure you get a full replacement value policy, not depreciated value.
> >
> > Roger Pihlaja
> > S/V Dynamic Equilibrium
> >
> > Sent from my iPhone
> >
> > > On Jun 5, 2021, at 4:31 PM, Bob Garrant <bgarrant at gmail.com> wrote:
> > >
> > > ?I switched from USAA/Progressive to BoatUS/Geico. Way cheaper. Easy to
> > deal
> > > with towboaUS.
> > > My insurance covers my outboard Honda 8 hp
> > > Bob Garrant
> > > s/v Sail la Vie 2000
> > > Kent island MD
> > >
> > >
> > >> On Fri, Jun 4, 2021 at 5:52 PM Lee <lvjkuhn at gmail.com> wrote:
> > >>
> > >> My insurance company is USAA but they contract out to Progressive for
> > >> boats.
> > >> Progressive told me they can't insure outboards for sailboats.  My
> > outboard
> > >> is inexpensive so it's probably okay, but because it's so small
> someone
> > >> could easily steal it or I could drop it in the drink, again.
> > >>
> > >> Do any of you all insure your outboards?
> > >>
> > >> Lee
> > >> 1999 Rhodes22
> > >> Claytor Lake, VA
> > >>
> > >>
> > >>
> > >> --
> > >> Sent from: http://rhodes-22.1065344.n5.nabble.com/
> > >>
> >
>