Quote:
Originally Posted by PMF1984
So to put some numbers —. the boat was insured for 125. The value at the time of the survey was 157. But the insurance company would not give me cover for more than 125.
The salvage value, according to the insurance company, is 10-20, and insurance company is offering up 15 for an agreed value.
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To me it seems the insurance co would let you keep the salvaged boat and pay you 125-15 or 110 minus your deductible.