How Long Does a Boat Survey Last for Insurance in Palm Beach?

Boats come in a variety of shapes, sizes, and conditions. This makes it almost impossible to provide a precise timeframe for how long does a boat survey last for insurance in Palm Beach. When insuring boats, insurance firms have different criteria. Because of this, determining how long an insurance survey will be valid is more difficult. All in all, it is still possible to provide a rough estimate.

How long does a boat survey last for insurance in Palm Beach? The answer is five years. Several insurance providers will demand a new survey report when applying for boat insurance using a survey report that is more than five years old. It is important to remember that this isn’t always the case. Several insurance companies will take surveys that are 10 or even 15 years old. This is so because there are various things that affect how long a survey is valid. Even though the present report is still in its first five years, there are circumstances that may require you to obtain a new boat survey report. Here are some of the key conditions that may force you to get a fresh boat survey for insurance.

Major changes have been made to the boat

Have you made significant changes to your boat since the previous survey? If you have, this is one of the main reasons an insurance provider will require you to get a new marine survey done before insuring your boat. The surveyor will ask you to revise the survey report so that the report accurately represents the updated value and condition of the boat. Even if it has only been a year since the last survey, getting a fresh survey done will be necessary if you have made major changes to the vessel.

The boat is wooden

Wooden boats are more likely to sustain damage. Insurance firms will thus need new surveys more frequently. You might need to update the insurance survey report once every two to three years.

How the boat is used

What do you do with the vessel? How frequently you need to update your insurance survey report will depend on your answer to this question. Every time you want to renew your insurance coverage, you might have to provide a new insurance survey if you frequently operate the vessel in rough waters or haul large cargo.

As you can see, the sort of boat you own, how you use it, and the requirements of the insurance provider are what affect how long a boat survey is valid for when it comes to boat insurance. In light of this, getting in touch with your desired insurance provider is the best strategy to use when you need answers to the question of how long an insurance survey lasts.

How Long Does a Boat Survey Last for Insurance