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Old 08-24-2019, 01:13 AM   #1
The Brockerts
Senior Member
 
City: Corpus Christi
Vessel Name: Moonstruck
Vessel Model: 1990 Californian/Carver 48 MY
Join Date: Oct 2014
Posts: 245
Insurance, and the age factor

I'm not understanding the age factor in the boat insurance process. I could likely end up with 2 boats in the same marina. Both about the the same appraised value and insured for the same amount.
One is 30 years old trawler and one is 12 years old catamaran.

The 30 year old boat cost 2.7 times as much to insure?.
When the next hurricane comes by is it going to only take out the 30 year old boat?
Then I think about my 42 year old ski boat, insured for 10k and the insurance on it has been basically the same for the last 20 years.

Am I 2.7 times more likely to file a claim on my 30 year old boat than my 12 year old boat?

How is risk calculated? Lots more risk for a trawler than a catamaran?

I've never filed a claim in all these years of boating, so maybe I need to understand the claims and risk process more?

The Brockerts
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