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Message board > Miscellaneous topics > Insurance - Boat and Outboard split

Message 3 of 3
Posted by member Simon Kidd on Tuesday 5 April 2016

It's a difficult one David, especially with Boat values fluctuating so much currently. I find that outboards seem to depreciate quite considrably initially and then level off after a few years. Most midrange engines seem to sit around the £1500 - £3500 mark, depending on age and size etc. Of course a very recent engine is a different matter, but even then due to the deals available from dealers, the price of even a slightly used engine can be quite a lot less than new (no warranty etc of course). I would certainly edge towards the higher Hull value with equipment, a replacement Bosun is a lot more than a replacement outboard. Of course, if you have a later outboard (i.e. 2011 / 12+) then you should probably raise the overall insurable value a little, as there does'nt seem a lot of room in the figures. Just my thoughts. Best Regards Simon.

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Message 2 of 3
Posted by member Peter Cox on Tuesday 5 April 2016

Seamark Nunn in Suffolk sell brokerage outboards: http://www.seamarknunn.co.uk/download/usedob/used.pdf They don't have your 70 but some extrapolation of the 50 might give you an idea.

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Posted by member David Freeman on Monday 4 April 2016

I have a Hardy Bosun, 2004 in good condition, re-sale value about £16,500 (inc. outboard). My renewal from GJW is showing on the schedule: Hull, Machinery and Gear : £14,000 Outboard £2,500 My question to the more experienced Hardy owners is: The outboard is a Suzuki DF 70, new price about £7000/£8000, so second hand value must be more than £2500, probably more like £4000 if I could find one in good order. What would you recommend as a correct split for insurance purposes?? i.e. what is the hull worth without the engine?? I think I should put it at Hull £12,000 o/b £5000 Your thoughts?? Thanks in advance.

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