Quote:
Originally Posted by PMF1984
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.
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OK, that makes sense. So remind me what the issue is? Is it just a question of whether you take the $125k insurance money and keep it all, or if you pay back $15k to keep the boat and fix it?