dingbat
Supreme Mariner
- Joined
- Nov 20, 2001
- Messages
- 16,066
Have looked at the prices of boats lately?If you have had any glass work done recently, it doesn't take much of a scratch or ding to be in the thousands of dollars !!
From the insurance companies I have spoke with, unless the boat is fairly new ( within 5-10 yrs) most are totaled if a glass boat has any serious damage. But, you're correct that if the repair cost is over 70% they total it out, same for autos. At todays labor and parts cost, that doesn't take much !!
Pretty easy to spend in excess of $ 200k for a decent boat anymore.
The current list price for my 22' boat is $195k. I paid $26k when I bought it 3 years old in 2000.
Boat is currently insured with an agreed value policy of $25K. You can do a ton of glass work for $17K