tag:blogger.com,1999:blog-20974756.post2446193920559981342..comments2024-03-27T10:09:12.524+00:00Comments on HERBIE!: What is a boat worth?Neil Corbetthttp://www.blogger.com/profile/06198251427537653059noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-20974756.post-20463081272843924042012-01-24T19:47:23.382+00:002012-01-24T19:47:23.382+00:00I did ask about upping the insured value of Tortoi...I did ask about upping the insured value of Tortoise, and I was told (by the insurers) that to change it I'd need an official valuation from a surveyor. Hardly seemed worth it, especially if it turns out it's now worth less than it was ;-(Simonhttps://www.blogger.com/profile/06098938874477314472noreply@blogger.comtag:blogger.com,1999:blog-20974756.post-67955036443706026552012-01-21T14:59:23.135+00:002012-01-21T14:59:23.135+00:00Value is always what YOU think it is worth. An ins...Value is always what YOU think it is worth. An insurance company will only ever pay "market value". That is legally what a willing buyer will pay a willing seller. Sometimes assessed as the auction value. Because of the individuality of boats with variable fit out on a given length it is not possible to assess the value by price comparison on the basis of looking at adverts for boats of a similar size and hull specification. Your surveyor should be able to give a good estimate when you are due for out of the water inspection. <br /><br />I should think that changing the value for insurance will not make much difference. The major factor in underwriting are the third party claims if you hit somebody or someone gets hurt.eeyorehttps://www.blogger.com/profile/18266932809537776443noreply@blogger.com