Alaskaflyer
Guru
On the topic of Underinsuring to save premiums or for other strategic reasons. I think this would put you in jeopardy of facing an otherwise unnecessary total loss which would leave you with a settlement amount that would not come close to replacing the boat you just handed the insurance company.
The threshold(s) for total loss is based on the insured value. Aircraft owners get their butt bitten by this semi-regularly.
The threshold(s) for total loss is based on the insured value. Aircraft owners get their butt bitten by this semi-regularly.
Last edited: