Marine Surveyor Fort Myers – Evaluating Boat Insurance Options

Buying a boat is one of the biggest investments you will ever make. That is why involving the services of a marine surveyor Fort Myers is important. The surveyor will evaluate your boat to determine if it is a good investment or not. In addition to this vital assessment, it is imperative that you always get boat insurance for your boat. Doing so will protect your investment and give you peace of mind knowing in case something happens to your boat you will not suffer a loss.

There are many companies that offer boat insurance. To determine whether you need ‘agreed value’ or ‘actual cash value’ insurance and to avoid being insufficiently covered, you will need help from a marine surveyor Fort Myers. Most insurers require that a survey be done before they insure a boat. This is done to ensure they don’t insure an already doomed vessel. You must make sure that the marine surveyor you use will be approved by your preferred insurance company.

Prior to insuring a boat, there are several factors insurers take into consideration. While almost any vessel can be insured for a price, how much you end up paying for insurance will depend on the following factors:

  • Age of the boat
  • Length of the boat
  • Value of the boat
  • Horsepower/speed
  • Current condition and whether it meets the US Coast Guard Standards
  • If the boat is used as a primary residence
  • Number of previous owners
  • Where the boat is operated
  • Type of boat

Understanding the factors insurance companies look at before insuring a boat is not enough. You now need to take a look at the various kinds of boat insurance policies. Marine insurance policies include the following:

  • Boat
  • Personal watercraft
  • Yacht. Yachts are vessels longer than 27’
  • Sailboat
  • Dinghy
  • Boat and personal watercraft rental
  • Boat clubs covers members of club while operating a boat
  • Professional. The policies are customized and cover items such as travel to tournament, and equipment.

If you need complete coverage for your boat, what you will need is an ‘all risk’ policy. This will offer the best protection. It is, however, good to note that this type of coverage will not cover everything. Some risks will be omitted in the policy. The main risks excluded include wear & tear, denting, marring, manufacturer’s defects, ice & freezing and animal damage.

It is possible to add extra coverage. Some available options include personal effects, medical payments, towing & assistance, and uninsured boaters’ liability. The majority of insurance policies cover permanently attached equipment and items like oars, anchors, tools, seat cushions, trolling motors and life jackets. Always discuss your options with your insurance agent. Your marine surveyor Fort Myers will also help you understand what you can and cannot get from an insurance cover.

Marine Surveyor Fort Myers

Marine Surveyor Fort Myers – What Do You Get from a Good Boat Survey

Buying a boat is a huge investment. This is irrespective of whether you are buying a brand new or a used boat. In most cases, this is one of the biggest investments you will ever make. Bearing in mind a lot of money will be spent buying a boat, you want to be certain you are making a good investment. That is where the need to work with an experienced marine surveyor Fort Myerscomes in.

The work of a marine surveyor is to inspect the vessel you plan on buying and document everything that he or she sees and hears. The marine surveyor Fort Myers will then provide you with a written report. This is referred to as a marine survey report.

Survey report

A marine survey is highly technical. It includes several terms or jargon that will be unfamiliar to an average boat owner, bank employee or an insurance underwriter. The main challenge a marine surveyor has is making the marine survey report as clear as possible. The report has to be clear, concise and relay the information required by the customer. It has to be written in a manner that doesn’t require the surveyor to provide a tutorial on every piece of hardware or system on the boat. In addition to the thorough review of the boat, this is one of main advantages of working with a qualified boat surveyor.

Some survey reports are usually written in cryptic database style and others in an easy format. They don’t read as a manufacturer’s brochure or yacht broker’s listing. Regardless of the style used, the survey report will give you a good idea of what the overall condition of a boat is, what needs to be done to make it safe and function. If you have any question about the survey report, you can contact the marine surveyor Fort Myers for clarification.

Use of technology

If you have done some research on boat surveys, you probably know by now that marine surveyors never dismantle components to look inside. They simply observe and listen. If they cannot determine what the issue is with a component by listening and observing, they will recommend you to a mechanic. The good news is that surveyors are now using thermal imaging equipment to look inside components without disassembling them.

Finding the most qualified surveyor is the most important thing you should do when you need a boat survey. It is how competent a surveyor is that determines how comprehensive and dependable the survey will be. Make sure you work only with surveyors who have experience surveying boats that are similar to the one you are considering.

Marine Surveyor Fort Myers