The value of getting a marine survey is becoming more widely known. While the majority of people only think about getting an Estero marine survey when purchasing a used boat, boat owners must regularly have surveys done on their vessel. This is so that they can properly care for their boat and have a better understanding of its condition. There are a number of variables that affect how frequently you should obtain a marine survey.
As you think about how often you should get a marine survey done, it is good to keep in mind that a new marine survey should typically be obtained at least once every five years. If you have made any significant improvements to your boat, it is strongly advised that you get an updated survey that accounts for the new condition of the boat and captures the current value of your boat. This means you may have to get a fresh marine survey done even if your previous survey is not yet five years old.
The frequency of your surveys will also depend on the sort of boat you possess. Surveys may need to be conducted more often and outside of the water for wooden vessels. A survey is normally required for wooden vessels every two to three years, while certain specialized insurers will raise this requirement to every ten to fifteen years.
Sometimes you may not be interested in a marine survey but circumstances may force you to get one. For example, you may occasionally be required to have a survey performed on your boat. This is especially true if you need to use your boat as collateral for financing or while seeking boat insurance. As for the question of how often do I need a marine survey, the answer will depend on what you need the survey for.
Due to a tightening marine market over the past few years, insurance firms have been more regularly requesting surveys and restricting the types and ages of vessels they will insure. Having a current marine survey is your best option for guaranteeing that you get the finest insurance coverage. A current marine survey will also ensure that you receive the best level of loss protection. Numerous marine insurers accept survey reports that are 4–5 years old. When purchasing insurance, it is recommended that you rely on a survey that was conducted within the last 12 to 18 months.
The answer to the question of how often do I need a marine survey will be determined by a number of additional elements. The general rule is to make sure you choose a qualified surveyor to conduct the survey.