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Harry's fish-finder equipment was stolen from his boat. He put in a claim for it and was paid the ACV of the equipment at the
Harry's fish-finder equipment was stolen from his boat. He put in a claim for it and was paid the ACV of the equipment at the time of the loss. Several months later Harry purchased a new fish-finder and had it permanently installed in the boat. To insure the new equipment what must Harry do? ) Nothing since it is permanently installed Nothing since he already had coverage for a fish-finder on the policy Add the new equipment to his policy since the previous equipment was a total loss Increase the coverage on the boat and motor for the additional cost of the equipment
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