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Determining the current market value of a boat is a lot like determining the current value of a used car. The insurance company uses published boat price guides and the prices of comparable vessels to come up with how much will be paid on a total loss actual cash value claim.
Boat Values Are Unique Much like the Kelly Blue Book is used for valuing automobiles, there are three main price guides used for valuing boats: NADA Marine Appraisal Guide, BoatWizards SoldBoats database, and the ABOS Marine Blue Book.
Much like the Kelly Blue Book is used for valuing automobiles, there are three main price guides used for valuing boats: NADA Marine Appraisal Guide, BoatWizards SoldBoats database, and the ABOS Marine Blue Book.
While boaters may still find some use in the legacy form of NADA Guides through J.D. Powers tools, the most accurate and up-to-date pricing information for a wide range of boat values can instead be found using Boat Traders Price Checker.
NADA Guides gathers its data from monthly auction reports, private party sales, and dealer transactions, providing a general price range. However, NADA values dont account for regional variations, current market trends, or real-time listing prices, which can drastically affect what your boat is worth today.
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