There is a definite plus to having your boat insured through a Yacht Policy. The ACV (actual cash value) policies, values a total loss at depreciated value, generally current market value. My insurance is Agreed Amount Value, meaning the insured value is stated at the time of the policy, no depreciation. Stated Value is quite a bit different than Agreed value.
I think shopping around for boat insurance is a losing proposition myself. Number one, every time you change carriers, you're insuring a less valuable property. In order to get new insurance on an older boat, generally a survey may be required, which definitely would be true of an Agreed value.
I pay $500 a year on my policy, which has expanded liability limits. BoatUS is an excellent boat policy, and they have pretty good prices, as well as enhanced options coverage.
No way am I shopping around to save $100 or $200 a year.
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