I found this info in an article while waiting on the dentist. The story goes that a guy had damaged his boat and contacted his insurance company. He was told he would have to pay the deductible and would also need to pay a depreciation sum on the parts needed for the repair. The story goes on to say that after hearing this the writter called his insuracne company and found out that he had the same type of policy. The agent also told him that it is common pratice on boats older than five years. I just wanted to warn you guys with boats: Check your policy.