GL: USAA Insurance

[Bill Donovan]

At 11:46 AM 12/25/2007, LRZeitlin at aol.com wrote:
>I don't know how USAA differentiates between BOAT policies and YACHT
>policies...snip...

>Would someone who knows more about insurance than I do please explain.
>
>Larry Z
Larry, the biggest difference, as explained to me by an insurance 
broker, is the boat policy pays a depreciated value for your total 
loss BOAT (like a car policy), but pays an "agreed value" (full 
replacement value on the contract) for your total loss YACHT.

There are usually other differences also, like towing provisions, 
partial loss provisions, deductibles, etc.

Bill