Round the Island race collision - Total Loss

>You could insure it for a million pounds, but in the event of a total loss, they won't pay out more than the "market value" of the boat.

It depends on the terms of your insurance. Pantaenius for example agree a value with you when you take a policy out and pay that at any time in future. Other companies may not. That's why it's worth checking policy details and not just going for the cheapest price
 
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