spincast
Well-Known Member
A little food for thought as the season is about to begin (and my insurance renewal comes up). The last 2 years, boats (and apparently everything else), have had their values grow exponentially. If you are like me and bought in 2014 when the CDN buck was worth more than the US buck, this has only been heightened. And then of course, there are all the upgrades I have done in the interim. And suddenly, the replacement cost is double what it used to be just 3 seasons ago, and almost triple what I originally paid. Not something we have traditionally had to consider in a world where assets other than housing depreciate. This year's renewal is going to pose some unique and new options for me to consider. If you have insurance in case of total loss (theft, accident on the highway or other loss) to consider when you renew this year, you may want to consider this as well. If anyone has any good renewal stories - please feel free to post below. I will update on my experience as it develops. I suspect it will mean my co-insurance (the uninsured value of the policy) is going to be a lot larger than in previous years, or than I want.