I may be repeating myself here, but it bears repeating. Check your boat coverage. BoatIUS had reimbursement coverage before they switched to GEICO as their carrier last year. Now it is depreciated value coverage. Reimbursement coverage pays for replacing damages up to the agreed value. Depreciated coverage drops to 20% over time to where most of our boats would only receive 20% of fixing damages! I switched coverage when I learned of this and I still pay the same premium.
I bring this up because one of our brethren has been caught by this issue after a recent incident. If your broker cannot find a reimbursement carrier, let me know. I will provide the contact info of my guy.
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