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Is the sum insured on your boat still right?
The sum insured is usually set when a boat is bought and then left alone for years. Check here whether it is still right for your boat: pick the builder, model, year and condition and enter the figure from your policy. The comparison uses the ranges from our boat records for 45,381 models from 3,580 builders, checked regularly against current asking prices.
What belongs in the sum insured
- It should reflect what an equivalent boat with its equipment costs today: hull, engine, sails, electronics, covers.
- If you have added a lot of equipment, the right figure sits above the range. How equipment is valued is set out in your policy.
- For a new boat, the price you paid counts, including extras and delivery if they were part of it.
How the comparison works
The value today comes from our boat records: a midpoint with a spread for each model and year. A share of the models is fine-tuned against current asking prices every night.
Your figure is compared with the range for the condition you choose. What you type stays in your browser and is not stored.
For a binding figure, for a classic or after a refit for example, you need a valuation survey.
More on boat values
Questions about the sum insured
What is the right sum insured for a boat?
The amount it would cost today to buy an equivalent boat with the same equipment. For a new boat, that is the purchase price.
What happens if the sum insured is too low?
After a total loss, no more than the agreed sum is usually paid. Whatever an equivalent boat costs above that comes out of your pocket.
Is a higher sum insured a disadvantage?
You pay premium on the higher sum. What that buys you is set out in your policy wording.
Is the figure I enter stored?
No. The comparison runs in your browser. We never see the figure or your boat.
Comparison only, not a valuation survey. As of October 2026.
