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Old 18-04-2021, 17:04   #1
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How old to look at.

For insurance what is the oldest build year to look at for a new person to sailing, that insurance companies seem to accept for coverage? Have moved to Florida own a condo with a deeded dock that can take up to 45'. Am looking at two ketches both just under 40'. One made in 79 the other in 82 but don't want to end up with something I can't get insured at a fair rate. Have taken the 101 and 102 classes and have ment a gent in his 70's that will help me learn the ropes as he had owned a ketch for 40 years, but kids made him sale it, but he still likes out on the water.
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Old 18-04-2021, 17:25   #2
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Re: How old to look at.

I had no problem getting reasonably priced full coverage for my 1975 4ksb with no meaningful history of sailing. That said, the situation seems to vary regionally, so you may have to talk to an insurance agent to get accurate info (and even that isn't a guarantee)


Resale value is poor on the boats you describe, fwiw.
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Old 18-04-2021, 17:29   #3
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Re: How old to look at.

Ask your or any number of other insurance underwriters. It is only their answers which mean anything.


Most people here have limited knowledge based only on their limited experience
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Old 18-04-2021, 18:05   #4
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Re: How old to look at.

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Originally Posted by S/V Illusion View Post
Ask your or any number of other insurance underwriters. It is only their answers which mean anything.

Most people here have limited knowledge based only on their limited experience
++++ what ^he^ said.

It is normal to set up insurance BEFORE you make a final purchase decision. Making such a decision based on advice from random internet strangers is DUMB.
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Old 18-04-2021, 20:26   #5
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Re: How old to look at.

I rang my local insurance company (in Aus) and they had no issues with a future purchase of a 30-year old boat.
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Old 19-04-2021, 05:48   #6
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Re: How old to look at.

ok will make some calls to see. I didn't want to wast my time if XYZ Company only likes 25 year old and newer unless they know you.
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Old 19-04-2021, 08:46   #7
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Re: How old to look at.

Would be good to have a survey report for the insurance company.
If everything is ok it should be no problem.
Best boats are elder than 30 years.
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Old 19-04-2021, 13:06   #8
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Re: How old to look at.

My insurance guy had no problem with my boat at 52 years old, 6 years ago, BUT I just found out that someone with the same boat, same age, as mine, cannot get coverage from that company anymore. Yeah, you just have to call around.
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Old 19-04-2021, 13:53   #9
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Re: How old to look at.

It seems insurers are becoming increasingly risk averse, demanding the insured take more and more measures to reduce their risk. My requirements for insurance this year are way more onerous than ever before even though I have insured with same entity for 15 years and have had a zero-claim experience.

The only people who will accurately answer your question are the insurance brokers and even then, that answer may be completely different coming from the same people next year.

For the first time in 5 decades of boat ownership I am seriously contemplating self-insurance (read no insurance).
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Old 20-04-2021, 08:01   #10
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Re: How old to look at.

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Originally Posted by warren5421 View Post
For insurance what is the oldest build year to look at for a new person to sailing, that insurance companies seem to accept for coverage?.............One made in 79 the other in 82 but don't want to end up with something I can't get insured at a fair rate...........
Probably not an age limit as long as you provide them a current marine survey and a signed compliance form that confirms when you either repaired or plan to repair all survey recommendations (these items will not be covered until you repair them). Suggest getting an insurance quote on the boats you plan to purchase BEFORE you sign a purchase agreement. Insurance binder will be contingent on the avove requirements. I recently looked at buying a 1979 trawler and the first thing I did was to obtain an insurance quote. I found the price reasonable.
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