Jubilee's boat insurance is due for renewal in a few days and I am unsure of the best thing to do. We have been with EIS (Euromarine) for the last five years and have been very happy with them, but we have had a quote from a rival for considerably less. The difference is probably because EIS is insuring the boat on an "agreed value" basis, whereas the competitor is quoting on a "market value" cover. EIS is able to insure the boat for the price we paid for it as we haven't had it valued since then. As I understand it, this becomes relevant only in the event of a total loss, through fire or sinking, for example.
I suppose all insurance is like this.
*Reading through the list of exclusions in the policy I don't think you can be sure of anything. The list of get-out clauses is vast.
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