Marine Insurance Survey

[Gadget257]

I am trying to estimate next year's yacht expenditure - other than finding a reasonable figure and trippling it - and after 5 years of ownership my insurance company will require a survey. What would be a ball park figure for a 30 ft (Hustler 30) 40 year old sailing yacht on the south coast. Cheers

 

[martinriches]

Are you sure you will need a survey? I had my last boat 12 years.I had to get a survey when I bought it but that was it. BTW it was about 35 years old .

Martin

 

[sailorman]

change insurers

 

[lpdsn]

and after 5 years of ownership my insurance company will require a survey.

7 years with my insurance company (Pantaenius)

 

[Carl s]

My insurers do not require on going surveys until the boat is 20 yr old then a 5 yearly condition report was required not a full very expensive survey

 

[MoodySabre]

£300 on the East coast + South coast premium.

 

[Blue Drifter]

I hope I am not tempting fate here but my insurers (St Magarets now Haven Knox Johnson) have not asked for a survey for the last 12 years and boat is now 35 years old.

 

[richardabeattie]

There comes a point in the life of an old boat when third part cover is enough and then surveys are not required - at least not by my insurer.

 

[Aeolus]

I paid £295 in Newhaven a year ago for an insurance survey for my 30' Seamaster 925 which was the cheapest offer I could find however the surveyor turned out to be very inexperienced and made a stack of unnecessary recommendations which then took a lot of correspondence to get deleted from his report. He basically did a pre-purchase type survey and you don't want one of those unless you are happy to spend a lot of money solving trivial or non-problems.

 

[jsl]

[ What would be a ball park figure for a 30 ft (Hustler 30) 40 year old sailing yacht on the south coast. Cheers[/QUOTE]

I'd guess £500, plus your haul-out costs. You might care to get in touch with Y-yacht (insurance brokers.)

 

[Gadget257]

Thanks for your responses so I'll expect to pay around £500. Seasonal wishes

 

[pvb]

Thanks for your responses so I'll expect to pay around £500. Seasonal wishes

I wouldn't just assume that it's necessary. As others have said, changing insurers could be very beneficial, and is certainly worth investigating.

 

[Vara]

Yep change or threaten to change your insurer, not knowing this cost me £500, recommendations cost less than a tenner to put right and none were critical.

I believe that quite a lot of insurers will allow self certification with a few caveats.

 

[lumphammer]

Insurance survey on 36ft Moody in August 2014 in Hayling Island cost us £396 inclusive

 

[catalac08]

I am now into 8 years since a survey was requested on a 38 year old catamaran-insured with Navigators & General.

 

[KevO]

I am trying to estimate next year's yacht expenditure - other than finding a reasonable figure and trippling it - and after 5 years of ownership my insurance company will require a survey. What would be a ball park figure for a 30 ft (Hustler 30) 40 year old sailing yacht on the south coast. Cheers

My full (and very detailed) pre-purchase survey for my Hustler 30 was only £300 albeit on the Crouch and at end of 2012. Suggest you get some recommendations for the area where you are and ask each of them to quote up-front. Where are you?

Edit; Ah, got ya, Gosport

 

[LadyInBed]

As others have said, changing insurers could be very beneficial, and is certainly worth investigating.

It can also work the other way.
ie no night singlehanding
restrictions on singlehanding hours

 

[rhumlady]

Surveyed 17 rears ago or so and Bishop Skinner haven't been asked since. I have heard the same from other people here. I do get a reduced rate as i am not in the water just now as I am refitting and have been for a number of years. Once she is ready to go back in I will get a survey for my own piece of mind.

 

[longjohnsilver]

£339 for our 48' mobo earlier this year. Nick Vass, Omega Yacht Services, very highly recommended.

 

[pvb]

It can also work the other way.
ie no night singlehanding
restrictions on singlehanding hours

Certainly it can. But if those restrictions aren't acceptable, you'd choose another insurer, or negotiate better terms.

Many people have never read their policy and, even if they have, many don't fully understand it. You mention night singlehanding, but the clause usually mentions "sunrise to sunset", and lots of people forget that sunset is some time before it gets dark, so that picturesque gentle evening potter back to the mooring can be uninsured. My policy lets me do 18 hours singlehanded, day or night, and frankly that's about as much as I'd normally want to do.