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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: 409043" data-attributes="member: 13702"><p>Wrong...NADA is the basis for the insured value of your boat for most insurers and any banks financing the deal. By all means - accept more for a boat than they report its value as - but if you're buying keep in mind your investment in that boat will likely only be covered up to the value they track via NADA - even if you report more being paid to your insurer.</p><p></p><p>Probably not as much of an issue with small tin boats that many people don't insure.</p></blockquote><p></p>
[QUOTE="onthewater102, post: 409043, member: 13702"] Wrong...NADA is the basis for the insured value of your boat for most insurers and any banks financing the deal. By all means - accept more for a boat than they report its value as - but if you're buying keep in mind your investment in that boat will likely only be covered up to the value they track via NADA - even if you report more being paid to your insurer. Probably not as much of an issue with small tin boats that many people don't insure. [/QUOTE]
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Jon and V Boat Conversions & Modifications
1984 Bass Tracker I (restoration)
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