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Old 10-19-2012
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Re: How long is a survey good for?

An 'insurance survey' is a bit of a 'rubber stamp' for people renewing their insurance. Nowhere near as thorough as a proper survey.

Your own insurance company may accept the insurance survey since it's less than 5 years old, but if you're financing the bank may not. It also won't really tell you what you need to know about the boat to make a fair decision on purchase, esp as a 'first time buyer'.

Bottom line the 'right thing' to do is get a proper purchase survey. Buying a boat without a thorough inspection of the underwater bits is a risky maneuver.. ask yourself can you afford to throw away the $10K if you buy wrong??
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