Trawler Forum - View Single Post - How does "Total Loss" insurance claim work?

PMF1984 · 05-26-2023, 08:35 AM

I have insurance for up to 125. The salvage value is 15. So if I want to keep the boat, the insurance company will shell out 110 and call it even.

05-26-2023, 08:35 AM	#15
PMF1984 Guru City: Marion, Massachusetts Vessel Name: Wanderer Vessel Model: Pilgrim 40 Join Date: Sep 2016 Posts: 624	I have insurance for up to 125. The salvage value is 15. So if I want to keep the boat, the insurance company will shell out 110 and call it even.