As I am finishing my yamadoo I am trying to figure how I can insure it so that if I roll it down a hill, or it falls off a cliff or gets stolen that I will be able to go buy a somewhat comparable machine.
How are guys insuring their high dollar sleds? If you tell the insurance company it is say worth $15000 and you wreck it what is stopping them from saying it is only worth $8000?
You tell them you want to insure it based on a STATED VALUE because of all the extra value you have put into the sled. That way its insured for $15k or whatever you want within reason. You will pay a little higher rate for stated value insurance but it beats no insurance or not enough. Just don't mention racing at all.
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