Trying to figure this out....
So a year from now your yak sinks or is stolen......
You have paid a 1000 deductible, 260 in premiums
You boat is no longer new so it's replacement value has dropped significantly.
You can sometimes find a used Pa for way below 2000.
So you are really insuring a value of about 700 dollars for 260 a year.
What are the odds of your Pa being "lost"?
If you end up making a claim two years from now, the numbers make even less sense.
Just trying to figure it out for myself.
