I changed my insurer this year and did look at Craftinsure, much more straight forward underwriting process and policy than any of the others and reasonable price but in the end did not go with them as I thought there were one or two catches in that wording.
i.e. in the amount payable
We will pay the reasonable cost of repair for loss or damage not exceeding £xxx Reasonable replacement or repair may not result in the appearance and condition being the same as that prior to the claim. In the event of total loss or constructive total loss, we will pay £xxx or at our option, provide a replacement boat of a similar age, size and type.
and the exclusions whilst similar to others go a little bit further than most;
Loss or damage due to wear and tear, depreciation, gradual deterioration, or mildew.
Theft from the interior of Boat Name or place of storage ashore unless following forcible and violent entry, or theft of gear and equipment from the exterior of the boat unless violence and force are used.
Loss or damage resulting from electrolysis, osmosis or similar conditions.
Loss or damage due to escape of water from boilers, calorifiers and any other fixed water installation or appliances unless installed and maintained in accordance with the manufacturer’s recommendations, and unless heating and hot water systems are drained if the boat is to be left unattended for periods in excess of 30 days.