paid for it?

what it costs unless you told them you got it cheap tisk tisk tisk shouldn't ah said anything

Fair market value..just like a car

Read the fine print, it can be either way and the rates will vary































But usually insurance companies insure it for book value less depreciation!































Read the fine print, ask the agent.































A friend of mine had good homeowners insurance. When he tools got stolen they would either cut him a check at a fixed price OR he could go out on his own nickel buy ALL the tools and they would reimburse him.































He, of course, went out and bought the very best this time!































Replacement value for the size and type of boat is probably what you want.

It depends on what type of premium you want to pay, You can insure for current value or replacement value

I just dealt with this issue 2 months ago... I bought a new boat for about 10,000 under MSRP and the insurance company is only insuring me for what I actually paid. It's criminal and am currently looking into other companies that specialize in boats and actual value. Read the fine print.

It will depend on the policy you get. Generally you are looking at either fare market value or replacement cost. Replacement cost is normally the most expensive.