Sure you've heard of it, just insure it for $3000 less than it's value. Insurance for our ships is purely based on value insured. Each $1K of value cost $x in premium. I'm carrying a $20K deductible on mine, and $5K deductible on the trailer. I figure if the ship is damaged that much, likely so am I. Try L.L. Johns and associates John Gostinger if you don't have a firm you like. I've had very good experience with them since 2008.
~Barny