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Bingo,
Jet Skis and automobiles usually don't have the purchase price, it's ACV. I am surprised that you have it on the boat.
Replacement cost is somewhat unique to RV's (always on homes). The purchase price settlement option after five years is a great option. I have a number of policy holders with a company that is pulling out of the RV business. GMAC is picking up the policies without the purchase price coverage for the 5+ model year RV's. We had to find another company as this is a significant reduction in coverage (with no premium discount).
Ken
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