Insurance value Mercury 2 stroke/4HP?

[Robert Wilson]

Of indeterminate age, recently purchased (obviously "used", but looks/runs well).
My boat main insurance has just been renewed and I realise I should add the above to my policy, but I have no idea what value to insure it for.
Purchase price isn't a helpful guide as I reckon that good second hand ones fetch a higher price in the market-place.

Any advice from those-in-the-know? Thanks in anticipation.

PS To the gentleman who sold me it I am not trying to be clever, but I was delighted with the price as it was all I could afford. Thanks

 

[charles_reed]

Of indeterminate age, recently purchased (obviously "used", but looks/runs well).
My boat main insurance has just been renewed and I realise I should add the above to my policy, but I have no idea what value to insure it for.
Purchase price isn't a helpful guide as I reckon that good second hand ones fetch a higher price in the market-place.

Any advice from those-in-the-know? Thanks in anticipation.

PS To the gentleman who sold me it I am not trying to be clever, but I was delighted with the price as it was all I could afford. Thanks

I've just re-insured my 1993 3.3 Mariner for £693 - I bought it in 2008 for £M80, but looking at prices of ones outside the EC, that's about the replacement cost.

 

[longjohnsilver]

I've just re-insured my 1993 3.3 Mariner for £693 - I bought it in 2008 for £M80, but looking at prices of ones outside the EC, that's about the replacement cost.

Charles that's not what boat insurance is designed to do. If that were the case we'd all go out and buy a 20 year old boat and somehow "lose" it and expect the insurance company to cough up mega bucks to replace it. I'd be surprised if your insurance company would pay out £693 for a 20 yr old 3.3 outboard, regardless of what value you gave them.

 

[Lakesailor]

I've just re-insured my 1993 3.3 Mariner for £693

It's the way you tell 'em.

 

[Robert Wilson]

Quote Lakesailor!
"It's the way you tell 'em. "

 

[VicS]

Te insurance companies dont pay out any more on a outboard that what they think you could trade it in for.

Take it along to your dealer, pretend to be interested in buying a new one, ask what he will give you for it in part exchange ... that's how much to insure it for


However the Insurance co will ask the age/ year of manufacture. "Indeterminate" is probably off the bottom of their scale

BTW you should be able to determine its year of manufacture, and download an owners manual if the original has not been passed to you, from http://download.brunswick-marine.com/download/main;jsessionid=105vjo07c1lcd?type=corp

 

[Robert Wilson]

Thanks VicS. Both those tips are just what I'll do/need. Much appreciated.
Robert

 

[VicS]

Thanks VicS. Both those tips are just what I'll do/need. Much appreciated.
Robert

Should have said not always easy to find the right manual. Best sometimes not to enter the year. look at what you can find and pick the one that appears to be the right one.

Also easier year identifier at http://www.storesonline.com/site/573683/page/599222

 

[sailorman]

I do not insure mine or the dinghy, cheaper to buy another than claim & loose NCB

Of indeterminate age, recently purchased (obviously "used", but looks/runs well).
My boat main insurance has just been renewed and I realise I should add the above to my policy, but I have no idea what value to insure it for.
Purchase price isn't a helpful guide as I reckon that good second hand ones fetch a higher price in the market-place.

Any advice from those-in-the-know? Thanks in anticipation.

PS To the gentleman who sold me it I am not trying to be clever, but I was delighted with the price as it was all I could afford. Thanks

 

[fmoran]

I do not insure mine or the dinghy, cheaper to buy another than claim & loose NCB

Absolutely agree.

Value of a 1999 2HP Yamaha, etc = very light / sentiment / invaluable as you cannot buy today.

 

[sailorman]

I have a mariner 2hp as a spare stored in my shed

Absolutely agree.

Value of a 1999 2HP Yamaha, etc = very light / sentiment / invaluable as you cannot buy today.

 

[Topcat47]

I saw a recent card for a seriously old (circa 10970) Johnson 4 at the club, asking £150.00. Insurers may offer you the px price but my experience is that they'll settle for a sensible price for a like-for-like replacement from the internet/boat shed/press advert. You ought to be ble to date the engine from the engine number.

 

[Robert Wilson]

Thanks for your responses, one and all.
I'm surprised at the low value of a darned good little outboard like mine, compared to the price of new ones of similar power.
Problem is, these good second-hand (especially 2 strokes) are few and far between, so replacing isn't just a case of getting a fair pay-out by an insurer.
Hope I never have to go through that particular "hoop".
Cheers all.
R