Another Insurance Question

Chromaflage · 05-26-2006, 04:29 AM

How do you value a boat trailer for your insurance? I'm trying to work through the insurance peocess for my big boat and they asked me how much the trailer is worth.

CrF

ICHTHYDEMON · 05-26-2006, 05:55 AM

NADA has boats,motors,and trailers on their website.

Herring Problem · 05-26-2006, 02:13 PM

Price a new one exactly like you have-then subtract 6 percent of its value for each year from the manufactures date.
This is how my insurance company estimated the trailer value on my 1977 Century and the Loadmaster trailer.
Hope this helps!

Santiamfan · 05-29-2006, 06:52 PM

Most insurance companies will allow you to have an "agreed value" for your trailer, meaning that you can insure it for what you want within reason. I would make sure you insure it for enough so that you can replace it if it were to be stolen. I don't know what kind of trailer you have so can't tell you what its worth.

Same with your boat, don't let an insurance company insure it for less that what it would cost you to replace it.

Don't know f that helps much but I tried!