All good questions and you will no doubt receive many good answers.
I see you are in Fresno. This site will give you a lot of good info specific to California
Vessel (Boat) Registration and Information
What kind of boat are you getting?
You have an agreed upon price
, did you also agree that the deal would be completed after you have seen the survey? And you are happy with the findings.
You never know what might turn up. A costly repair could sour you on the deal or mean some renegotiation might have to take place.
Do you know if the boat was documented or registered?
If it is registered there will be numbers near the bow that start with the letters CA or letters corresponding to another state if it isn't registered in California
means there will be a name and hailing port on the stern and a number in the bilge
area or engine
space. The previous owner can tell you.
will have different processes for turning over ownership
I recently bought a registered boat from a private party and a documented boat through a broker.
With the private party deal I called my insurance company as you have and gave them all the info. They set up a policy pending a survey. When the survey was completed I faxed it to the insurance company and in my case the finance company.
There were a few things the insurance company wanted repaired on the boat and they gave me a few days to get it done and submit a letter explaining exactly what was done. (The repairs
took place after I took possession of the boat)
As soon as I knew I could get it insured I took the payment to previous owner and he provided a bill of sale
and the title and registration
. I was able to get the new state registration form online. I sent that along with the old registration in and a few weeks later I got new numbers.
If the boat is documented you should decide if you will also document the boat.
Its not mandatory but if you think you will go south of the border you may want to consider it.
If that's the case you should find an agent that can help you through the documentation process. A google
search will turn up a few agents. Call and ask about price, pick one and let them submit the paperwork to the CG. The previous owner has some responsibility with the Coast Guard and you will have some paperwork to fill out. The agent can do all of that. For a nominal fee of course.
Remember you shouldn't hand over the money
until you have seen the survey. When you get that in hand you may have a lot more questions. The surveyor
will help there. That's why you are paying him. Don't feel pressured into consummating the deal.
Do you have a new name yet? That's part of the fun. If you document you'll be asked for a name. If you register you can get to it later.