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Author Topic:   The Value of an '89 Montauk
Al Phillips posted 04-04-2000 01:11 AM ET (US)   Profile for Al Phillips   Send Email to Al Phillips  
No, it's not for sale! I'll keep this boat until either I die or it sinks. (You get one chance to pick the likely outcome.)

My insurance is up for renewal and I'd like to make an adjustment to the amount of hull insurance I am carrying to account for depreciation. Currently I have the same coverage as when I bought the boat brand new in 1989! (Fortunately the premiums are pretty low.) I will need to establish individual values for the boat and motor. Your help will be appreciated.

The boat is a 1989 Montauk equipped with bimini top, igloo ice chest, dual battery installation, console cover and seat cover. The console and seat back have the teak accents, but the cover for the bow locker is fiberglass. (This was a mid year change.) FWIW, this hull was laid up in Rockland, before the company was bought, sold, bought… It looks pretty good but does have a scratch or two. Figure "Average" condition.

The motor is a 1989 100 hp 4 cylinder (in line) Mercury. It has seen both salt and fresh water use, but has been used only in fresh water during the last 5 seasons. I've kept up with the maintenance, have used only the best quality oil, and it runs like new.

We live in northwestern New Jersey, so the boat is only a summer pastime. Having said this, the boat has gotten a fair amount of use in past seasons, so it does have some hours on it. I don't have an hour meter. (Well, I did, but when it broke I replaced it with a water pressure indicator.)

So how much do you think the insurance company would give me if someone swipes it?



bigz posted 04-04-2000 11:37 AM ET (US)     Profile for bigz    

We are currently carry $11,500 on a '78 20' Outrage, trailer and 175hp Johnson '81 --- using Alstate NJ they required, believe it or not, a marine survey to establish the value and I might add it came out considerably higher in value than the NADA book --- better to have more than less ---

The hull I believe has a value of around $8500, and that's a 22 year old hull, of the $11,500 -- if I recall the NADA value the surveyor mentioned would have been in the area of $3000 on the hull I think(he said the NADA evaluations were in general totally out in left field), so the bottom line is insure it as much as possible this rig of ours estimated replacement value is well over $20,000 today ---

One of the other fellows might have a handle on the approximate true value of your Montauk
a number have them I know.


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