We bought our boat without a formal survey. I could afford to lose the purchase price
but it wouldn't have felt good.
What I did was research
everything I could find written about our boat. This included posts from owners forums
. I came up with a checklist of things to look for. I found a few minor issues but nothing significant.
After the purchase
, our insurance
company required a "formal survey". I hired a surveyor
with an impressive resume and all the initials behind his name. It wasn't cheap
Guess what, he found the same minor items I found and NOTHING MORE!
Bottom line is that I had to pay good money
to find out what I already knew. Simply to get insured.