Re: added question about payout estimates
You will get whatever the replacement value is, less the deductible, unless you have an agreed value policy. So, figure out what it would cost to buy another like yours and that will be pretty close. Hull insurance isn't worthwhile if you have the money and willing to spend it or walk away. But, remember the costs incurred to move, dewater or salvage the boat too. You also have to be prepared to pay that out of pocket.
You will get whatever the replacement value is, less the deductible, unless you have an agreed value policy. So, figure out what it would cost to buy another like yours and that will be pretty close. Hull insurance isn't worthwhile if you have the money and willing to spend it or walk away. But, remember the costs incurred to move, dewater or salvage the boat too. You also have to be prepared to pay that out of pocket.