Boat Insurance Magazine

What Value Should I Insure My Boat for?

All types of boats have a value, everything from a sailing dinghy to the most expensive yachts and motorboats.

In general the value of your boat is what you have paid for it. However, this doesn’t necessarily reflect the value of your boat if you’ve added a lot of equipment to it, had the boat a long time, carried out a significant restoration or refit or it was a distressed sale. In these cases there are a number of places that you can approach to carry out a valuation on your vessel. These could be boat brokers, boat yards, marina managers or boat surveyors.