Hi there, I posted a request before about marine insurance but I didn't get
much of a response. I am purchasing an 1985 custom fiberglass boat. Its 32
ft long. I am not having a survey done as I know the engines need
replacement as it is. However here in lays the problem. Is there an
insurance company that will insure a boat that's slipped. It should pass a
survey just fine when I get the engines redone. But the marina requires it
to be insured to transfer the slip space over to me. It is currently insured
with the currant owner but the company has changed his policy as to a
survey. Does anyone know of a marine insurance company that will take
policies without a survey?


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Visit The Arm Chair Sailor
http://www.fullcircle.net

You might get a high risk, Lloyd's of London policy on the hull, (less the
value of the engines), and that could be supported by survey. Just because the
boat doesn't have operable engines shouldn't mean that it is without value.

I'll bet the insurance coverage the marina is looking for has more to do with
liability than with replacing your hull anyway. What happens if your boat
spills fuel? Catches fire and burns a few other boats or part of the facility?

On Fri, 17 Oct 2003 23:26:25 GMT, "Greg Boyles"
wrote:

Does anyone know of a marine insurance company that will take
policies without a survey?
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For a boat that size and age, I'd say the chances were between slim
and none. You should get a survey in any case for your own peace of
mind, and possibly a negotiating point or two. In my experience, most
surveys pay for themselves and then some.

From my experience, the marina would want you to have Liability insurance
and you should be able to get JUST liability to satisfy that requirement.

Sometime marine insurance broker/underwriters want to sell you the whole
package and this is where they want a survey..

I doubt that you could get a full coverage policy without a survey.


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My opinion and experience. FWIW

Steve
s/v Good Intentions

I think the point of the survey is to limit the loss liability to the
value of the boat. Your yard is concerned with your liability
coverage if you cause trouble to someone else, I think.

In any case, try Boat US if you haven't. And ask, don't assume, that
a bad survey will prevent insurance. Also, find out what the yard
requires.
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