Boat insurance without a survey?
 

Is it possible to get boat insurance without getting the boat
surveyed?

Boat insurance without a survey?
 

Yes
I have had 2 boats
they asked for an "in water" survey and I never got around to it



On Thu, 03 Jun 2004 08:49:18 GMT, steve wrote:

Is it possible to get boat insurance without getting the boat
surveyed?

Boat insurance without a survey?
 

I got mine boat loan and insurance through state farm and they have never
seen the boat.

"steve" wrote in message
...
Is it possible to get boat insurance without getting the boat
surveyed?

Boat insurance without a survey?
 

In most cases, insurance companies will require some kind of a current survey
for boats 10 years old or older. The survey performed is not necessarily the
same as a "buyer's" survey, and could be as simple as "in water" survey or even
a "self" survey with pictures of the hull, fuel tank(s), electronics, and
engine(s).

As a rule, boats less than 10 years old do not require an "inusrance" survey.





"Listen to the live broadcast of 'Nautical Talk Radio' with Captain Lou every
Sunday afternoon from 4 - 5 (Eastern Standard Time) on the web at
www.959watd.com or if you are in Boston or Cape Cod set your radio dial to
95.9FM.

Boat insurance without a survey?
 

steve wrote in message . ..
Is it possible to get boat insurance without getting the boat
surveyed?

Yes. Depends on the boat as to whether you may even be asked for one.
If you are talking about a trailered boat, they likely wouldn't ask
for one. The two companies I have used for mine only asked for a
couple of photos for their file.

On a larger boat, they *may* want a recent survey. On my cruiser, I
gave them a copy of the survey I used when I bought it three years
ago. They have not asked for another one since.

Boat insurance without a survey?
 

It probably depends upon the kind of insurance you're getting.
Many of us with trailer boats only have liability protection for damage we
cause to another boat, medical protection for injuries we cause to other
people, and loss insurance for the boat. These policies don't normally
provide for rescue, salvage, repair to our own boat.

"Curtis CCR" wrote in message
m...
steve wrote in message
. ..
Is it possible to get boat insurance without getting the boat
surveyed?

Yes. Depends on the boat as to whether you may even be asked for one.
If you are talking about a trailered boat, they likely wouldn't ask
for one. The two companies I have used for mine only asked for a
couple of photos for their file.

On a larger boat, they *may* want a recent survey. On my cruiser, I
gave them a copy of the survey I used when I bought it three years
ago. They have not asked for another one since.

Boat insurance without a survey?
 

Yes
I have had 2 boats
they asked for an "in water" survey and I never got around to it

Was the request in writing?

Did you ever have a major claim?

That's just the type of missing link that
could cause denial of coverage.

"Yes, we accepted your $300 premium for 3 years, but your policy was predicated
on the condition that you would have an in the water survey. Now you have a
$20,000 claim? Here's your $900 back."

Boat insurance without a survey?
 

I got mine boat loan and insurance through state farm and they have never
seen the boat.

Was it a new boat?

That make a difference between an insurance company asking for a survey, or
not.

If you go through a car insurance company, like State Farm, rather than get a
"yacht" policy it will be easier to insure any boat. Downside is that most car
insurance companies want to depreciate the boat on the same or similar schedule
as a car in case of total loss. Two years old? You might have to settle for
50-60% of original cost. With a yacht policy, you will get a previously agreed
upon "hull value" in the case of a total loss- typically much closer to the
original purchase price.

Boat insurance without a survey?
 

On Thu, 03 Jun 2004 08:49:18 GMT, steve wrote:

Is it possible to get boat insurance without getting the boat
surveyed?

Yes, my 21' Proline was never surveyed, but is insured by USAA,

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

Boat insurance without a survey?
 

Same here. I had to run a couple of pictures down to my agent yesterday for
a 1986 Sandpiper 565 sailboat 18' 6" trailer + outboard value $ 5K
"Curtis CCR" wrote in message
m...
steve wrote in message
. ..
Is it possible to get boat insurance without getting the boat
surveyed?

Yes. Depends on the boat as to whether you may even be asked for one.
If you are talking about a trailered boat, they likely wouldn't ask
for one. The two companies I have used for mine only asked for a
couple of photos for their file.

On a larger boat, they *may* want a recent survey. On my cruiser, I
gave them a copy of the survey I used when I bought it three years
ago. They have not asked for another one since.

Boat insurance without a survey?
 

"steve" wrote in message
...
Is it possible to get boat insurance without getting the boat
surveyed?


Of the six boats that I have purchased (not counting dinghies and such) I
have only been asked to get a survey once.

My first boat was a 25' Stephens, a 30 year old wooden boat. I only had
liability insurance on that boat, so the insurance company probably didn't
care what the value of the boat was.

The next boat was a 18 foot tournament ski boat, 10 years old. I got full
coverage on that. The insurance company (Boat/US) only wanted a picture of
the boat.

Next came a 36' Carver Mariner, 10 years old. Full coverage, no survey was
required (BOAT/US).

Next came two brand new ski boats. Full coverage, no survey.

Then I bought a two year old houseboat, builder was "Destination Yachts". I
suspect that due to the small number of boats that the manufacturer makes
there was no comparable worth data for the insurance company to go by so
they requested a survey. Fortunately they were satisfied with an in the
water survey so I didn't have to have the boat hauled.

Rod

Boat insurance without a survey?
 

Boat insurance without a survey?
 

Ree-Yees wrote:
I got mine boat loan and insurance through state farm and they have never
seen the boat.

"steve" wrote in message
...

Is it possible to get boat insurance without getting the boat
surveyed?

Just a fyi but you may want to ask them (State Farm) what they will pay on
your boat if you have a total loss. I had my boat insured with
State Farm for several years. When I was renewing my coverage,
lets say the amount was for a total of 20k (a number they wanted me to
come up with) I ask if the boat was a total loss would they pay the 20k?

They could not answer that question specifically and I was told that if
at the time of the loss determine the boat was worth 20k or more they
would pay out the 20k. But if they determined it was worth a lesser
amount, say 16k that is all they would pay that. Ok fine, so I ask if
the boat was a total loss today what would they pay, and they could not
answer that question.

Now the boat is insured with Boat US. I have to state I have never had a
claim with either company. And this could very well reflect on the State
Farm Agent more then the company. But I do sleep a little better Having
the "Agreeded Hull Value" clause in my policy boat insurance.

My house and my car are still with State Farm, I just didn't feel
comfortable with there coverage for the boat.

Capt Jack R.

Boat insurance without a survey?
 

Oh no. They asked me what I was paying for the boat ($4500) and they asked
me how much I wanted to insure it for, so I said $4500. Nada lists it for
$5500. I guess they would probably try to screw me if I sunk the boat.

--C

Just a fyi but you may want to ask them (State Farm) what they will pay on
your boat if you have a total loss. I had my boat insured with
State Farm for several years. When I was renewing my coverage,
lets say the amount was for a total of 20k (a number they wanted me to
come up with) I ask if the boat was a total loss would they pay the 20k?

They could not answer that question specifically and I was told that if
at the time of the loss determine the boat was worth 20k or more they
would pay out the 20k. But if they determined it was worth a lesser
amount, say 16k that is all they would pay that. Ok fine, so I ask if
the boat was a total loss today what would they pay, and they could not
answer that question.

Now the boat is insured with Boat US. I have to state I have never had a
claim with either company. And this could very well reflect on the State
Farm Agent more then the company. But I do sleep a little better Having
the "Agreeded Hull Value" clause in my policy boat insurance.

My house and my car are still with State Farm, I just didn't feel
comfortable with there coverage for the boat.

Capt Jack R.

Boat insurance without a survey?
 

yes

"steve" wrote in message
...
Is it possible to get boat insurance without getting the boat
surveyed?