Owners of classic and collector boats know that time, water and rot can wreak havoc on an old hull. Owners also know that they want the best insurance coverage on their precious boats. So when it's time to buy Classic Boat or Collector Boat Insurance, owners need to be ready to obtain a Marine Survey of their craft.
Here are some tips on getting a comprehensive Marine Survey that the insurance companies will accept to underwrite insurance on your boat.
• Obtain a full out-of-water and condition survey. This will provide current market and replacement values for the boat, as well as detailed descriptions of the construction and condition of the hull as well as the boat's major systems (fuel, electrical and engine/drivetrain).
• The survey should state that the surveyor inspected the boat for compliance with The American Boat and Yacht Council (AYBC), the National Fire Protection Association (NFPA) and Coast Guard standards.
• Some surveyors submit one-page opinions that are labeled as "insurance survey." But one page formats will usually be rejected by underwriters because they leave out necessary details about the boat's condition.
• Insurance companies customarily will not accept surveys done by persons directly affiliated with boatyards, marinas or yacht brokers due to potential conflicts of interest. Also, surveys done by insurance company personnel are not acceptable since they are not professional marine surveyors.
If you need to locate a Marine Surveyor in your area, I recommend a visit to the following websites:
Society Accredited Marine Surveyors
Association Certified Marine Surveyors
By using these strategies, you'll have the best chance at having fun cruising the waterways in your Classic Boat!
Get your best Classic Boat insurance quotes at: http://www.InsuranceQuoteHQ.com
Quotes are always free...you NEVER spend a penny for a quote. And, there is NEVER any obligation to buy.
SPECIAL OFFER: Give us your first name and email address, and we'll send you TWO FREE SPECIAL REPORTS, each with a value of $9.97.
The first report is "Five Things To Avoid When Buying Car Insurance."
The second report is "Five Things To Do When Buying Car Insurance."
Use the strategies in these two reports, and save hundreds of dollars on your car insurance!
No comments:
Post a Comment