We have a 97 Nitro boat that was wrecked on the water. We paid 5500 and insured the boat for 5500. Now, the damages are 6300 to repair the motor and boat. The insurance is taking the charges and depreciating the charges, then, deducting the deductible and paying what is left. Is this correct?

They are saying the life of the boat is 26 years and it is 13 years old, so they are depreciating the charges by 50%. Why would you depreciate the charges? Also, what constitutes totalling a boat in Texas.

We are in Texas...HELP...please....I feel like my adjuster is an idiot!

Thanks,
Rebecca