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Jon and V Boat Conversions & Modifications
1984 Bass Tracker I (restoration)
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<blockquote data-quote="onthewater102" data-source="post: 360955" data-attributes="member: 13702"><p>For what it's worth, I know the banks I audit all use NADA values for determining loans, and I've been told by some actuary friends that the insurance companies use the same for determining losses - so while it might not be the value you want to see I think the NADA is a fair representation of what you could expect from an insurance company without much pushback. </p><p></p><p>Now, obviously the condition of your boat is superb, which isn't factored into the value by NADA, so I would hold onto all your receipts as proof of the current costs expended on it. Unfortunately your time is typically not going to be factored in much.</p></blockquote><p></p>
[QUOTE="onthewater102, post: 360955, member: 13702"] For what it's worth, I know the banks I audit all use NADA values for determining loans, and I've been told by some actuary friends that the insurance companies use the same for determining losses - so while it might not be the value you want to see I think the NADA is a fair representation of what you could expect from an insurance company without much pushback. Now, obviously the condition of your boat is superb, which isn't factored into the value by NADA, so I would hold onto all your receipts as proof of the current costs expended on it. Unfortunately your time is typically not going to be factored in much. [/QUOTE]
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Jon and V Boat Conversions & Modifications
1984 Bass Tracker I (restoration)
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