Tammy, I do understand about having big dreams. I agree though with what everyone is basically saying about the big 46-60' boats.
Here is my 2 cents about insuring a boat. Before purchasing
, definitely speak with the insurance companies and find out which of the few boats that you are eventually interested in that they would consider covering you for.
Get a survey
done on the boat before you purchase
and choose a surveyor
that is thorough for your own safety
and the safety
of your investment. The insurance company will probably want an "out of the water" survey
done as was the case with my purchase
to help them make a decision on whether or not to insure the boat, especially if the boat was not insured by the previous owner.
Once you start talking to insurance companies, you will quickly find out what it will take to get full coverage insurance. Age and size of the boat is definitely a factor. The larger and the older the boat is, the harder it is to find affordable insurance. You need to do this before you decide on a boat because you may not be able to insure it because it may be bigger than what they think you can safely handle. It's not like a car or a home.The fact that you can buy it doesn't necessarily mean you can insure it. They tend to be very picky and rightly so.
They will expect you to fix every one of the surveyor's recommendations before they will give you insurance, so you might as well price
what all that will cost and add it to the price of the boat. If I sound like I'm speaking from experience here, I went through all this a couple of years ago before I participated in this forum, and did it backwards. Finding very affordable full coverage insurance for the boat once I had bought it was not easy. In my case, for a 1973 39' Ketch
. Things most insurance companies do not want to hear is: 1. The boat is over 35 feet. 2. The boat is old. 3.The boat is going to be kept on the coast.
Before they will insure you at all, they will want to know what your experience is. I was helped by the fact that I had owned a boat before. They'll want to know if you've captained a boat before how many times and for how long. Most boat insurance companies I spoke with asked a lot of questions. If they like your answers, they'll consider insuring you. I even had to give them a hurricane
plan as part of the application that they use to help them decide.
As the size and weight of your boat increases, getting into a slip at a marina filled with very expensive boats becomes exponentially more difficult and nerve wracking.
You are a long way off from being to talk someone into giving you full coverage to take the boat anywhere in the world with just you two on board. The more hours you can log offshore
, the better for your future insurablilty (preferably captaining a vessel).
This is where you start. You will never realize how much you don't know until you have a boat. Just keep safely conquering the barriers that stand between you and your goal and you will eventually get there and learn a lot on the way. You can't be in a hurry when it comes to sailing. It will just stress you out.