The value gap
Drag the year of build to the left. One line is the market value an ordinary policy pays. The other is what the yard charges for the rebuild. In between lies your money.
A model calculation for illustration, not market data. A surveyor values your boat, and the agreed value follows that, not this curve.
What the agreed value makes of it
With a fixed agreed value we settle an amount in advance, the horizontal line in the chart. On a total loss it is paid out, with no deduction for age and no surveyor dispute over market value. The gap does not close by itself; you have to tie it shut.
What supports the agreed value
A valuation survey, restoration invoices and comparable sales. We tell you beforehand what we need.
Adjust after every refit
New rig, new engine, new underwater hull: whoever does not update the agreed value has not insured the investment.
The yard you trust
With classics it matters who repairs. Name us the yard before something happens, not after.