Insurance Survey
Required by underwriters from time to time prior to renewal of an existing insurance policy - frequency depends on the boat’s age and date of previous survey. Typically after the vessel is of a ‘certain’ age (10 years old) and every 5 years thereafter.
Insurers may ask for specific elements to be covered in the survey, but generally it will be similar in approach to a pre-purchase survey, although focusing specifically on the aspects of the boat that affect insurance risk. It should be noted that although Insurance Surveys are less in-depth than a full pre-purchase survey, for an owner they can still offer peace of mind regarding the condition and safety of their vessel.
Insurers may ask for specific elements to be covered in the survey, but generally it will be similar in approach to a pre-purchase survey, although focusing specifically on the aspects of the boat that affect insurance risk. It should be noted that although Insurance Surveys are less in-depth than a full pre-purchase survey, for an owner they can still offer peace of mind regarding the condition and safety of their vessel.
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Work carried out in accordance with YDSA code of practice Contact Portugal & Spain Marine Surveys on : geoff@portugalmarinesurveys.com |