List of insurers that don't require a survey

[boatpoker]

Originally Posted by Rustic Charm

so, what your saying is, it has to be 'seaworthy' for the particular voyage your planning on going on? Is that right?

Right .

[smj]

Originally Posted by Terra Nova

Ridiculous prices compared to Allstate.

The only way to compare prices is to price the same boat in the same location. Living on the gulf coast, Allstate has always refused to cover me.


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[Svanen]

Originally Posted by SVTatia

This is quite contrary to the insurance survey I had to obtain recently. It not only described everything I had on board but also stated its condition and if it was not up to code (ABYC) the surveyor would write a recommendation.

The report you described is exactly the sort of thing I meant: a 'checklist approach' that describes the gear aboard and briefly compares it to the requirements of ABYC or some alternative code. Mildly useful as far as it goes, but a half-trained monkey could do that job; and the information is relatively meaningless compared to a professional appraisal of the vessel's actual condition. From the perspective of both insurer and insured, the latter is surely more important that the number and type of lifejackets aboard.

[ccannan]

Originally Posted by Terra Nova

Insurance companies have to make a certain amount on their investment.

That sounds very much like the mantra of defenders of now disrupted businesses like long distance telephone calls, securities brokerages, airlines, etc... Insurance companies have to make a certain amount on their investment until a true competitor enters the market and disrupts the market! It will happen (but don't hold your breath).

[Dulcesuenos]

Originally Posted by zeehag

if you seek liability insurance there is no surey required.
for hull replacement there is always a survey needed.
go from there.

Wrong. Have had progressive and boat us , fully insure boats w out any survey. It depends on the amount and your history

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[Dulcesuenos]

Originally Posted by zeehag

if you seek liability insurance there is no surey required.
for hull replacement there is always a survey needed.
go from there.

Wrong. Have had progressive and boat us , fully insure boats w out any survey. It depends on the amount and your history

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[unbusted67]

Originally Posted by Dulcesuenos

Wrong. Have had progressive and boat us , fully insure boats w out any survey. It depends on the amount and your history

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You've had progressive without a survey? What policy?


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[boatpoker]

Originally Posted by Dulcesuenos

Wrong. Have had progressive and boat us , fully insure boats w out any survey. It depends on the amount and your history

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Underwriters change their policies frequently. Many have issued policy's without survey for a few years, then they burned and start requiring surveys again. Several companies have recently jumped on this band wagon to gain market share. After a couple of years they start requiring surveys again.
Every case I have seen where surveys were not required had a limit on the value of the boat (usually not more than 30K) and frequently the "no survey" policy is an "actual cash value" (you lose) policy versus an "agreed value policy" (you win).

The point is that underwriters change their policies quite often and you had better understand your policy because there are huge differences between underwriters and when your renewal shows up in the mail you had better read it with a magnifying glass because chances are ...... something has changed.