SailNet Community - View Single Post - Insurance Survey
View Single Post
Old 08-01-2012
Far Side Far Side is offline
Junior Member
Join Date: Aug 2011
Location: Missouri
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Far Side is on a distinguished road
Re: Insurance Survey

My survey revealed several issues. I didn't have any issues with insurance even though the value of the hull was set by the surveyors report. My boat (34 years) is being completely restored. The underwriter wanted all the surveyor recommended "fixes" completed. I sent proof through yard tickets and product purchases that the boat was throughly complete. When they received the data, I received a binder three days later.
The hull value was not increased, no surprise here. When the restoration is complete I intend to have a new survey just to see if the surveyor will increase the hull value. The boat is clear anyway, and now has an additional $25K in new equipment and some dang hard work. She is now a "pretty girl", just needed a trip to the gym!
Reply With Quote Share with Facebook