Spars and rigging are usually depreciated 5% per year, but if the boat is totaled, the boat, spars and rigging are covered for whatever hull insurance coverage you have - no depreciation.
Alan Bergen 35 Mk III Thirsty Rose City YC Portland, OR On Tue, Jan 3, 2023 at 7:33 AM Joel Aronson via CnC-List < cnc-list@cnc-list.com> wrote: > Happy New Year! > > I've been looking for insurance to cover our boat in the Caribbean and Med. > > READ THE POLICY BEFORE YOU BUY! > > I got what I thought was a good quote through a British broker until I > read that the value of the mast decreased by 5% per year - i.e. a 20 year > old mast was not insured. > > Joel > Rule One Hylas 49 > Former owner The Office C&C 35/3 > > Please show your appreciation for this list and the Photo Album site and > help me pay the associated bills. Make a contribution at: > > https://urldefense.com/v3/__https://www.paypal.me/stumurray__;!!LIr3w8kk_Xxm!swyHP5xr3SGkxmGXm7UfM-MwKjn7k8oGTWL1e8YejiJIo7nVsPnaSgodbprO6ZGQX8viYNdEeuvRVwusa5dLORo$ > Thanks for your help. > Stu
Please show your appreciation for this list and the Photo Album site and help me pay the associated bills. Make a contribution at: https://www.paypal.me/stumurray Thanks for your help. Stu
