Proud Lady Class Yacht

I had the morning at Eric Bishops Yard, Coxes Marine in Barton Turf Surveying this 1970’s Yacht for Insurance.  Built by Hebert Woods - the Proud Lady Class I think.

Photo courtesy of Sue Hines

When you want to insure a boat, or have to renew an existing policy, your insurance company will need an Insurance Survey in order to determine its insurability for the intended use. This type of survey is often referred to as a Condition and Valuation Survey.

The scope of an Insurance Survey approaches a Pre-Purchase Survey, but its focus is on structural integrity and safety and it is less detailed. An assessment of the boat's Fair Market Value is part of this type of survey. Insurance companies usually accept surveys made in the water without a haul-out or sea trial.

Your insurance company may have its own requirements for what it considers an acceptable survey and boat owners are advised to consult with their insurance broker before commissioning the survey.

An Insurance Survey requires several hours, depending on the complexity and condition of the boat. My survey report is similar to a report for a Pre-Purchase Survey, but somewhat less detailed.

Thinking of Insuring your Boat and Need Help? I specialise in Boats of all types. Contact me for a detailed and comprehensive report at:  steventruss1@aol.com