I just renewed my boat insurance and made a couple of changes to the requirements and saved some money. I also learned a bit of good advice regarding how they estimate the value should the boat be stolen or written off.
First the changes. I thought I should drop the value of the boat as the amount it has been static for six years now, ( a four year old boat is worth more than a ten year old don’t you think?) so I knocked five grand off. Then I doubled the contents insurance as we tend to have more valuable stuff on the boat these days. The result? A saving of nearly £30 on an already reasonable premium. The whole lot now costs £179 including a tenner for legal cover.
Now the interesting bit. I asked how they would value the boat if it was destroyed. First of course they said they would look at the make and original price of the boat, and its age. But then the lady said they do like to take account of how well the boat has been improved and maintained. “If you do have photos or other evidence of how well you have cared for the boat it can make quite a difference, especially if you have made improvements.”
Aaah – another reason for recording all my work on the blog then. I’m afraid I shall have to continue inflicting upon you any tales of DiY or other improvements to Herbie. I can’t afford not to.!