The most common question new boat owners ask is this, do you need a survey for boat insurance? The best answer is ‘it depends’. Some insurance companies may require surveys to be done while others may not. Even with those who require a survey, you may be exempted if your boat is brand new. Again, even for brand-new vessels, if the vessel is large or too expensive, you may be required to provide a survey report. As you can see, the best way to determine whether you will need to provide a survey report or not is to speak to your insurer.
Now that the question of do you need a survey for boat insurance in Palm Beach is out of the way, let’s take a look at why getting a survey done is important. As you may already know, an insurance boat survey, also known as a marine survey, typically covers a wide range of aspects related to a boat’s condition and value. The exact scope of the survey may vary depending on the type of vessel, its size, age, and intended use, as well as the specific requirements of the insurance company. However, here are some of the typical areas that an insurance survey may cover.
- Hull: Most insurance companies will require that you get the hull of your vessel inspected. In this case, the surveyor will inspect everything pertaining to the hull. This includes the keel, bottom planking, frames, and stringers. The inspection focuses on signs of damage, rot, or other issues that could affect the vessel’s structural integrity.
- Deck and superstructure: Part of an insurance survey is inspecting the deck, cabin, and other external structures for signs of damage, leaks, or other issues that could affect the vessel’s safety or seaworthiness.
- Electrical and mechanical systems: The surveyor will also take a look at the vessel’s electrical and mechanical systems. This includes the engines, generators, batteries, wiring, and other components. The goal will be to ensure they are in good working order and comply with applicable safety standards.
- Safety equipment: The surveyor will need to verify that the vessel has all the required safety equipment. This includes life jackets, fire extinguishers, and distress signals.
- Navigation equipment: The surveyor may have to report on the condition of the vessel’s navigation equipment, such as GPS, radar, and depth finders.
- Interior condition: The interior of the vessel will need to be checked for signs of damage or wear, such as water damage or mold, and verify that all systems, such as plumbing and ventilation, are in good working order.
As you can see, a lot goes into an insurance survey. At times a haul out and a sea trial may be required. The key is to find a good marine surveyor in Palm Beach who is not only experienced but also accredited. You will also need to contact your insurer to know what the survey report should include.