Can I suggest you review some of the older posts regarding insurance? You probably
want to get an agreed upon value policy for the boat, which would be what you
are paying for the boat, or perhaps more in your case
Such a policy should replace the motor if it was "lost".
You can also look at the NADA website...~$7,800, high retail. NADA isn't
always accurate - I don't know how accurate it is in this case.