An insurance surveyor
will inspect all parts
of the vessel to be sure that it meets basic safety
and seaworthiness standards and regulations
, the integrity of the hull
, safety equipment
, pretty much everything. You will be insuring a sailboat, not a floating house. The boat must be seaworthy
and suitable for its intended purpose, I.e., it must be able to be safely sailed.
is the "eyes" of the insurance company. He is looking for anything
that would increase their risk of a claim from you above what they normally expect from a well found boat.
There are three possible outcomes from a survey
1.) "The boat is a good insurance risk, as is." This is kind of rare, surveyors almost always find SOMETHING, even if it is very minor.
2.) "The boat is a good insurance risk if the following items are corrected." The list can be long, and expensive, or short and easy. Depending on the state of the boat. Typically an insurance company would give you 60 days to correct any findings. If you SAY you fixed them, but do not, your insurance will not be valid and ANY claim can be denied.
3.) "The boat does not meet underwriting standards." You will not get insurance and are stuck with the cost of the survey