Thread subject: Whaler Central - Boston Whaler Boat Information and Photos :: Assigning value to BW17SS after accident cause by others

Posted by Finnegan on 06/16/15 - 1:48 PM
#9

Just as a starting point, and without seeing the condition of the boat, I would value the 17 SS at around $7k maximum, the engine (only) at 2-2.5 K, and the trailer at 1K. That puts the packaged value at about 10K, which should be in the range. Montauks in similar condition, with similar power, should bring more.

Condition of the boat and hull are the most important considerations, and where stated value most often applies. On engines, stated value means little, except for truly classic outboards, and replacement coverage on them does not exist, so there is no way an insurance company will pay for a new one as a replacement for a one 30 years old. Engines are like cars - they are valued on an Actual Cash Value basis, which means what the market value is.

Don't forget that engine accessories, such as prop, control, cables, ignition harness and gauges are additional value to the bare engine, but not considered part of the boat if it is an outboard. So when insuring an engine, be sure to add these additional value to your insurance.