insurance survey - options?
Posted: Thu Sep 14, 2017 10:47 am
Having retired from paid work early this year, I have now become what Jolly Roger refers to as a PBO (poor bl...y owner) as well as a practical boat owner. Have just renewed my insurance with a good broker and found that the insurers will require a full out-of-water survey by next year's renewal, ie it will need to be surveyed between November and April when Katouf is relaunched for next season.
She is currently insured for GBP 9000 and 3rd Party GBP 3 million. While the Third Party is common sense, what is the point of insuring an aged Centaur, 1971 vintage, in almost original condition but good for her age. Or to put it another way, could you justify a costly survey in order to get full insurance or is it possible to get by with no survey and just 3rd Party.
I do all my own work wrt to maintenance and keep a good record of work carried out. Katouf may not be the prettiest but she is very good for her age (a bit like her owner!)
I'm still married but SWMBO would hit the roof if I gave her a bill for the survey by a professional.
Are there any insurers who will accept self reporting for just 3rd Party - after all, I'm not going sailing in a yacht that is in bad condition and risk lives.
Katouf
Location: Chalkwell, Thames Estuary
She is currently insured for GBP 9000 and 3rd Party GBP 3 million. While the Third Party is common sense, what is the point of insuring an aged Centaur, 1971 vintage, in almost original condition but good for her age. Or to put it another way, could you justify a costly survey in order to get full insurance or is it possible to get by with no survey and just 3rd Party.
I do all my own work wrt to maintenance and keep a good record of work carried out. Katouf may not be the prettiest but she is very good for her age (a bit like her owner!)
I'm still married but SWMBO would hit the roof if I gave her a bill for the survey by a professional.
Are there any insurers who will accept self reporting for just 3rd Party - after all, I'm not going sailing in a yacht that is in bad condition and risk lives.
Katouf
Location: Chalkwell, Thames Estuary