Whether your destination is a far-flung anchorage or merely a family outing, no matter how hard and long you have looked, signing for the boat of your dreams is the easy part. There are some hard economic truths in running costs to face before you slip the docklines. The maze of financing, insurance, state and other local taxes must also be completed before you head off for your destination.
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Start Up Costs: A haul out and survey can dispel much of the mystery associated with running costs. A survey can cover the engine or the entire boat. Surveys can be done either on the hard, in the water, or both. The out of the water survey takes into account the condition of rudders, skeg, keel and hull. A typical price is approximately $10/ft. An in the water survey is around $8 per foot. Some insurance companies require only an in the water survey while others mandate an out of the water survey, so check with your underwriter before hand.
Start Up Costs: A haul out and survey can dispel much of the mystery associated with running costs. A survey can cover the engine or the entire boat. Surveys can be done either on the hard, in the water, or both. The out of the water survey takes into account the condition of rudders, skeg, keel and hull. A typical price is approximately $10/ft. An in the water survey is around $8 per foot. Some insurance companies require only an in the water survey while others mandate an out of the water survey, so check with your underwriter before hand.
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