Didn't think of that. If the mast is $11k and the whole boat is only $22k, then if the mast breaks the adjuster could write it off as a total loss.... Depending on the adjuster, I guess...
The mast repair cost will be compared against your boat's current worth, not the new price. If comparable boats of the same age are selling for, say, 10-15k, you may need to take the money and buy the boat back as salvage, then try to get a used stick or repair the broken one. Older boats will be even more on the bubble.
