Originally Posted by S/VSkylark
I recently bought a '69 CAL
in the $7,000 range without a survey. When I went to purchase
liability insurance, none of the carriers would insure it without a recent survey. All stated that the age of the boat required it.
I agree with nautical62 that you should check with your carrier ahead of time.
100% true, had some clients who already bought the boat and when it came time for insurance, wow where they in for a surprise after the survey and the fixing they had to do per the carrier.
1. lay awake for months drooling over yachtworld.
2. figure out what boat you want
3. find the boat
insurance based on an "acceptable" survey
5. if the insurance is decent, get the survey, buy thy boat, bind insurance and fix the boat. if you say you fixed the boat then have an incident whereas what you did not fix caused the incident....good luck getting them to pay for the loss.
Agent should have a good relationship with the underwriters, it definitely helps. And when submitting to underwriters, I submit a boater's experience form along with a short paragraph on who the client is and their intentions with the boat. It puts a person behind the name, not just another unknown risk.