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It has been said that the happiest days in a boat owner's life are the day they purchase the boat and the day they sell the boat. Owning a boat can be fun, but it can also be a headache. Choosing the right insurance policy for your boat doesn't have to be. One important tip is to know whether your boat insurance will pay you the agreed value or the actual value. The agreed value policy will give you a set amount of money in case of a complete loss of the craft. Normally the agreed value is the purchase price of the boat. Actual value policies will normally give you the book value of the craft at the time of the loss.

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On November 15, 1777, the Continental Congress agreed to adopt the Articles of Confederation and Perpetual Union on this day in 1777. However, not until March 1, 1781, would the last of the 13 states, Maryland, ratify the agreement.

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