well,
You paid for insurance, let them investigate a claim, and see what they decide.
If the damage is not from neglect, then they will pay to fix it minus your deductible.
You can take the check then sell it as-is if you decide.
Fixing the water damage is the easy part and will be as good as new.
With the engines are out, you have a chance to replace the transom pin seals, exhaust manifolds, etc, so you need to decide if you want to get the boat retrofitted for the next 10 years.
I would not sell it to someone without disclosing the problems.
Boat like that is running around $26k to $32K.
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