Originally Posted by Thrall
What JimN said!
I doubt they gave you full value if they gave you back the boat too.
Unless you have stated value insurance and they paid out that value. If that's the case....score!
Bet you could sell every part on that boat except for the hull if you have the time/space/inclination to part it out.
My insurance policy is what they call 'agreed value marine policy' When you take the policy, you give the market value of your boat. If your boat get totaled, this is the amount that the insurrer owe you. I was surprised myself when the adjuster told me that i would keep the boat.
Look at the highlight.