Cruisers Forum
 


Join CruisersForum Today

Reply
 
Thread Tools Rate Thread Display Modes
Old 09-12-2015, 16:24   #1
Registered User
 
Reginald Bknham's Avatar

Join Date: Dec 2015
Location: Reginald Buckingham of Bainbridge Island WA
Posts: 70
What happens if your boat fails a structural survey?

Does that mean your insurance carrier will drop you and then evicted from the marina?
__________________

__________________
Reginald Buckingham of Bainbridge Island Washington
Reginald Bknham is offline   Reply With Quote
Old 09-12-2015, 16:54   #2
Registered User
 
oldragbaggers's Avatar

Join Date: Oct 2012
Location: Wherever the boat is
Boat: Cape Dory 33
Posts: 1,019
Re: What happens if your boat fails a structural survey?

In our experience surveys are generally required in two situations. One would be pre-purchase either for the buyers personal use to assist in the buying decision or price negotiations, or because the bank requires it for the loan and required hull insurance. But in that case, if the boat fails the structural survey you can still walk away from the purchase.

The only time we have been required to get a survey post-purchase is when we were buying hull insurance. We have never been required to get a survey in order to purchase liability only. Marinas do not (in our experience) require hull insurance. Whether or not you lose your boat is not their concern. They are only concerned with damages you might cause to or in their facility. Therefore you only would need to carry liability to satisfy the marina requirements and that can be purchased without a survey. If you have a bank loan t that' s a whole different animal. You will most assuredly be required to carry hull insurance.
__________________

__________________
Southbound on the ICW

https://share.delorme.com/SVAnteris
oldragbaggers is offline   Reply With Quote
Old 09-12-2015, 17:02   #3
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 17,037
Re: What happens if your boat fails a structural survey?

Define "fail"


Sent from my iPad Pro using Cruisers Sailing Forum
__________________
a64pilot is offline   Reply With Quote
Old 09-12-2015, 17:07   #4
Registered User
 
Reefmagnet's Avatar

Join Date: May 2008
Location: puɐןsuǝǝnb 'ʎɐʞɔɐɯ
Boat: Nantucket Island 33
Posts: 2,735
Re: What happens if your boat fails a structural survey?

Quote:
Originally Posted by Reginald Bknham View Post
Does that mean your insurance carrier will drop you and then evicted from the marina?
That would be the least of your problems assuming your surveyor is correct.

Sent from my SGP521 using Cruisers Sailing Forum mobile app
__________________
Reefmagnet is online now   Reply With Quote
Old 09-12-2015, 17:10   #5
Registered User
 
Reginald Bknham's Avatar

Join Date: Dec 2015
Location: Reginald Buckingham of Bainbridge Island WA
Posts: 70
Re: What happens if your boat fails a structural survey?

Quote:
Originally Posted by oldragbaggers View Post
In our experience surveys are generally required in two situations. One would be pre-purchase either for the buyers personal use to assist in the buying decision or price negotiations, or because the bank requires it for the loan and required hull insurance. But in that case, if the boat fails the structural survey you can still walk away from the purchase.

The only time we have been required to get a survey post-purchase is when we were buying hull insurance. We have never been required to get a survey in order to purchase liability only. Marinas do not (in our experience) require hull insurance. Whether or not you lose your boat is not their concern. They are only concerned with damages you might cause to or in their facility. Therefore you only would need to carry liability to satisfy the marina requirements and that can be purchased without a survey. If you have a bank loan t that' s a whole different animal. You will most assuredly be required to carry hull insurance.

Thanks. This is a cash purchase.
__________________
Reginald Buckingham of Bainbridge Island Washington
Reginald Bknham is offline   Reply With Quote
Old 09-12-2015, 17:14   #6
Moderator
 
Don C L's Avatar

Join Date: Sep 2014
Location: Channel Islands, CA
Boat: 1962 Columbia 29 MK 1 #37
Posts: 4,379
Images: 34
Re: What happens if your boat fails a structural survey?

Marinas want to know if your boat is about to sink. Insurance companies want to know if you are about to sink your boat.
__________________
DL
Pythagoras
1962 Columbia 29 MKI #37
Don C L is offline   Reply With Quote
Old 09-12-2015, 17:16   #7
Moderator
 
a64pilot's Avatar

Cruisers Forum Supporter

Join Date: Oct 2013
Location: Albany Ga.
Boat: Island Packet 38
Posts: 17,037
Re: What happens if your boat fails a structural survey?

I don't understand fail, a survey is a through inspection that lists the findings. There is no pass or fail.
There may be discrepancies the insurance company will want corrected, even on a very good boat.


Sent from my iPad Pro using Cruisers Sailing Forum
__________________
a64pilot is offline   Reply With Quote
Old 09-12-2015, 17:17   #8
Senior Cruiser
 
Cheechako's Avatar

Cruisers Forum Supporter

Join Date: Aug 2006
Location: Skagit City, WA
Posts: 19,352
Re: What happens if your boat fails a structural survey?

Generally surveys don't "fail". There are items specified that need correction, on different levels of importance. Usually the few most important items are required fixes by the Insurance company.
However, there are potentially repairs required that are beyond the scope of fiscal viability. One might be a cored hull that is nearly entirely wet core.
__________________
"I spent most of my money on Booze, Broads and Boats. The rest I wasted" - Elmore Leonard











Cheechako is offline   Reply With Quote
Old 09-12-2015, 17:24   #9
Senior Cruiser
 
senormechanico's Avatar

Cruisers Forum Supporter

Join Date: Aug 2003
Boat: Dragonfly 1000 trimaran
Posts: 5,826
Re: What happens if your boat fails a structural survey?

My boat "failed" because I didn't have a CO detector.
A trip to eBay fixed that.
__________________
Memento,homo, quia pulvis es, et in pulverem reverteris.
senormechanico is offline   Reply With Quote
Old 09-12-2015, 18:06   #10
Registered User
 
CaptTom's Avatar

Join Date: Apr 2004
Location: Southern Maine
Boat: Prairie 36 Coastal Cruiser
Posts: 971
Re: What happens if your boat fails a structural survey?

My boat got a glowingly positive "insurance survey" from (I suspect) a buddy of the PO who happens to be a surveyor. The only thing he mentioned was the cheap-ass jeep windshield wiper motors that the PO installed weren't working.

The insurance company wouldn't write the policy until they were fixed. Fortunately, I located the manual on line and was able to correct the wiring. I've never used them, since I almost never use the lower helm, and I'm quite sure they'd do absolutely no good if I ever tried. But they work, so the insurance company is happy.

I had a pretty good idea as to what the boat really needed to meet my needs, and when I presented the PO with that list, along with my estimate to complete it, he accepted my offer, over 30% less than the asking price.

In the end, I probably came in way under my estimate on the "needs". Where I blew the budget was on "wants." But then again, it IS a boat!
__________________
CaptTom is offline   Reply With Quote
Old 11-12-2015, 13:51   #11
Registered User

Join Date: Dec 2014
Location: Land locked Leics UK
Posts: 249
Images: 1
Re: What happens if your boat fails a structural survey?

Quote:
Originally Posted by Reginald Bknham View Post
Thanks. This is a cash purchase.
I'll be interested to see what cat you go for bearing in mind your other post about a sea view with a mast and plenty of entertainment area...
__________________
Heath68 is offline   Reply With Quote
Old 11-12-2015, 15:53   #12
Marine Service Provider

Join Date: May 2012
Location: New Orleans
Boat: We have a problem... A serious addiction issue.
Posts: 3,940
Re: What happens if your boat fails a structural survey?

As mentioned it depends on what you mean by 'fail'. But if it is a structural element it will have to be fixed before insurance is bonded normally.

As a legal issue the vessel may no longer qualify as seaworthy for most passages (other than to the boat yard) which opens up massive new liability Windows on the owner if anything goes wrong. Some of these can easily penetrate a corperate shield.
__________________
Greg

- If animals weren't meant to be eaten then they wouldn't be made of food.
Stumble is offline   Reply With Quote
Old 11-12-2015, 16:36   #13
Registered User

Join Date: Jun 2008
Location: California Coast
Boat: Beneteau Oceanis 331
Posts: 680
Re: What happens if your boat fails a structural survey?

Almost all surveys will disclose some sort of situation that requires attention.
Just means that those issues must be addressed and corrected.
If it is a pre-purchase survey you have one of three options.
1) cancel purchase agreement (hopefully it was written with acceptance of survey as a contingency).
2) pay for the repairs yourself
3) negotiate that the seller pays for all or some agreeable portion of the repairs.
Generally I would go for numbers 1 or 3 unless the issues were very minor.
__________________
Liam Wald is offline   Reply With Quote
Old 11-12-2015, 17:04   #14
֍֎֍֎֍֎֍֎֍֎

Cruisers Forum Supporter

Join Date: Apr 2006
Posts: 13,033
Re: What happens if your boat fails a structural survey?

Unless the problem indicates you are in immediate danger of sinking, exploding, or bursting in flame?

The insurer will probably tell you that you have 30/60/90 days to remedy the defects and supply proof of that, or your policy will be cancelled, or not renewed.

At that point you have no insurance and if the marina requires insurance, they'll do their best to evict you. Depending on state laws, that can mean many things, none of them good.

Of course in some states, if you can post a bond that's acceptable in place of insurance for a "vehicle". But that might mean having enough cash assets at hand so that fixing the boat was quicker and cheaper anyway.

Give us a clue: Why are you expecting your boat to be condemned?
__________________
hellosailor is offline   Reply With Quote
Old 11-12-2015, 21:56   #15
Registered User

Join Date: Apr 2013
Posts: 4,877
Re: What happens if your boat fails a structural survey?

They usually say, fix X, Y & Z. If you fail to fix X, Y & Z, you are effectively not covered even if you send a check to the insurance company because coverage was contingent upon fixing X, Y & Z.

I do recall one time, I was talking to a marina owner. After seeing the sides flex in on an old 50' motor cruiser badly, he told the guy he would launch it at the boat owners risk and wouldn't touch it again without a full survey showing it was fixed...but there was no way it was worth fixing.
__________________

__________________
valhalla360 is online now   Reply With Quote
Reply

Tags
survey

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
What happens after a bad survey? SeeMonstrEd The Sailor's Confessional 56 02-06-2015 18:25
What happens when you stick a hosepipe into your gally sink drain tropicalescape Plumbing Systems and Fixtures 8 06-12-2013 08:29
Buying a fiberglass boat that has had major structural repair. Reefmagnet Construction, Maintenance & Refit 18 26-06-2013 21:08
What Happens When Your Rode Wraps Around a Rock sww914 Anchoring & Mooring 13 08-04-2013 23:16
This Is What Happens When You Don't Pay Your Fees . . . delmarrey The Sailor's Confessional 48 02-09-2011 07:49



Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 04:29.


Google+
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.