It depends- was the boat a distress sale, and what was the base for the valuation? If your Sundowner has been significantly upgraded, received meticulous care and upkeep, and is a bristol/near bristol example relative to like vessels in your area- the the 33% could be totally justified.
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Peter- Marine Insurance Guru at Novamar Insurance Group (206-350-5051) & tuna fishing addict!
1989 52' PT Overseas yachtfisher
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