Boat Insurance Surveys
Surrey, Kent, Sussex, Hampshire, Berkshire, Greater London
Are you looking for boat insurance surveys for Surrey and the surrounding areas? When taking on new clients, insurance companies will often want to assess the risk involved in insuring a boat, whatever its type. To determine the value and condition of a ship, a marine survey is required.
An insurance survey is less comprehensive than a pre-purchase survey. This type of survey is focused on the structure and major parts of the boat. The survey considers the keel, hull, deck, superstructure, and domestic/mechanical systems and engine integrity.
The insurance survey will contain the following information:
A statement declaring the purpose of the survey
Date and location of the survey
Status of the vessel: out of water or afloat
Model, build, and year of construction
Vessel type
Specifications including principle dimensions Identifiers such as registration number, hull number and engine serial numbers.
Machinery parameters such as horsepower, model number, transmissions, turbocharged, etc.
As part of the insurance survey, a valuation is also included. The valuation is based on the type of craft, the condition and its popularity. Certain types of boats have a recognised value on the market. This is weighed against the age, condition and inventory. This means that sometimes older boats in a less perfect condition are valued higher than boats of a more popular make.
The valuation is based on the skill and research of the surveyor. Therefore a more obscure type of boat may have a lesser sale value than usual. Most insurance companies will require an insurance survey before they offer boat insurance.
The importance that an insurance company puts on a survey will differ from company to company. Some may only ask for a hull survey. It is always wise to ask which type of survey your insurance company want.
Yacht Surveys
There are so many different yacht surveys that help determine other things, for example, the market value of your yacht so you know how much money it's worth for insurers and potential buyers.
Pre Purchase Survey
Insurance & Valuation Surveys
MCA Coding
British Reg Tonnage Surveys
Sailing Yachts
Powerboats & Ribs
The survey report is then given to the owner, by the surveyors, before the sale to ensure any repairs are carried out first. You may also need a replacement or another service, and it is essential to follow the surveyor's recommendations.
They will also be able to talk you through the full report in detail to ensure you understand everything and confirm any reported damage.
Narrow Boat Surveys
There are three different types of boat surveys; a qualified marine surveyor with years of experience who is a professional association member must complete these narrowboat surveys. A narrowboat survey is an inspection of the boats' overall condition, which is so important, especially for second-hand ships. That way, the potential buyer has all the necessary information to make the decision.
Narrowboat surveys cost around £550 and cover the following:
Windows
Portholes
Ventilation
Firefighting and Safety Equipment
Insulation Gas System
External Coatings
Weedhatch Assembly
Engine and Gearbox Condition
Water Tank
Cabin Fabrication
Stern Gear Assemblies
Plumbing and Heating Systems
Cratch Covers
Decks and Deck Boards
Basic Requirements a Condition Survey Should Contain
Condition surveys must be completed ashore and by a highly trained and qualified professional marine surveyor. The basic requirements of a condition survey should contain details of the following:
- Engine, or Engines
- Sails Doors and Hatches
- Steering Gear
- Hand-Rails
- Stanchions
- Fastenings
- Shell Openings and Fittings
- Windows
- Port Lights
- Stern Gear Ventilation
- Gas, Freshwater, Toilet and Fuel Installations
- Fire Fighting Equipment
- Life-Saving Equipment
- Navigational Equipment
- Cathodic Protection
- Hull Superstructure
- Mast Spars Sails
- Standing/Running Rigging
- Bilge Installations
- General Pumping Installations
- Ground Tackle and Mooring Arrangements
- Davits
- Boarding Ladders
- Accesses
Boat valuations are essential, too, as they find the market value of the boat. The marine surveyor's professional indemnity generally includes vessel valuations and provides market information to third-party financial institutions such as the bank building society or similar third-party institutions.
If you carry out a boat valuation after buying the boat and issues are found, you can request the seller to pay for the repairs.
Do I need a Conditional Survey for Insurance Purposes?
In most cases, the insurance company will need the conditional survey to be completed so that you can be considered for insurance, especially for the older vessels.
For example, if your boat is more than twenty years old, insurance companies will generally require more regular surveys. You can also check your third party policy, which will give you the information you need.
If you would like to find out more information about boat insurance surveys in Surrey and the surrounding areas, please contact our professional marine surveyor.
You can get in touch by email, phoning 01784 464 899 or via our website contact form, and a team member will always be happy to help. If necessary, sample reports are also available to order so you can see what gets inspected.
We work throughout Surrey and the surrounding areas including: Kent, Sussex, Hampshire, Berkshire, Greater London. We can also travel throughout the UK if required.
Cetec Marine Ltd
7 Malet Close
Egham
Surrey
TW20 8ED