I know mine is covered if I roll it off of the trailer, so I would like to think that rolling it in the water should be a "no-brainer"! I suspect that they could pay you the lesser amount of either writing the boat off at it's depreciated value versus the cost of repair.
When I acquired my boat, I argued to the prospective insurers that it was one of a kind (in the used market) and they agreed to a replacement cost policy, at increased premium...
When I flipped one of my old ribs (it was one day old) while playing in the ruff stuff the insurer paid me most of my claim, they invented some high mechanical excess in the small print which came to about £1500.
I suspect that they could pay you the lesser amount of either writing the boat off at it's depreciated value versus the cost of repair.
