One of the most important things you must consider after purchasing a boat is getting it insured. This can be a little complicated if you’ve never owned a boat before. One of the queries you will find yourself asking is can you insure a boat without a survey? This question does not have an easy answer. There are a number of things that influence the final answer.
Several factors will determine whether or not you may insure your yacht without a marine survey. They include the following:
- Insurance company
Many insurance providers don’t insist on a Jacksonville marine survey. Even then, it’s not always a good idea to proceed with insuring your boat without getting a boat survey. This is due to the fact that a marine survey is required in order to assess a vessel’s safety and value. You can get a better understanding of the condition of your boat by having a survey performed. This may facilitate obtaining reasonable insurance protection.
- Type of Boat
Whether or not you must submit a marine survey will depend on the sort of vessel you own. Insurance companies may not always demand a boat survey when you possess a brand-new vessel. Boats get more difficult to maintain as they age and are more prone to issues. Because of this, the insurance provider will start requiring a survey report after a specific age. Larger boats typically sail farther but are more expensive to maintain and repair. As a result, when insuring a larger vessel, underwriters might ask for a survey report.
- Previous claims
The likelihood is that your insurance provider may want a boat survey report if you have previously filed a claim. The purpose of the survey will be to find out if you have ever been in an accident and what kind it was.
As you can see, providing a survey report is not always necessary when getting boat insurance. On older boats, a survey is typically necessary. It is, however, not uncommon for a survey to be requested on a newer boat too. When seeking an insurance quote, you should find out if your insurer will require a boat survey. If a survey will be needed, ask for the list of items that must be covered in the boat insurance survey.
As you can see, there is no clear-cut answer to the question of can you insure a boat without a survey. You must speak with your insurance provider to obtain all the information.
