Just saw a 2001 with 700 hours for $20K on SIA. Think the insurance payoff is too low. Conversely, for the cost of ZO conversion, where can you get a great slalom ZO tug with 0 hours on a new engine for less than $20K? I had a new engine installed in my 2004 196 in 2016. The engine now has 650 hours on it and runs great. Just this month I spent $4500 for a new series 80 tranny installed (along with a bunch of other maintenance items.) I think it is totally with it. The bubble butt or the TSC2 196 boats are fantastic slalom boats. And your bubble butt is a better barefoot boat too! Even if you get $15-18K for the Nautique, if you can find a newer boat, you will spend at least another $30-50K for a newer boat....to go 34 or 36 mph with ZO. I do not think you gain $30-50K worth of additional performance with the newer boats. Best wishes for a positive outcome. Sorry your boat was stolen in the first place.