Insurance 3yr. survey

Discussion in 'General Discussion' started by dvx216, Sep 11, 2019 at 9:43 AM.

  1. dvx216

    dvx216 Well-Known Member SILVER Sponsor

    Feb 1, 2012
    orrville,ohio
    2000 310 sundancer 5.7






















    n/a
    twin 5.7 300 Hp.
    So I just got a letter from NBOA that the insurance company that insures my boat has required a survey before March 2020. Is this common.
     
  2. NotHerDecision

    NotHerDecision Well-Known Member PLATINUM Sponsor

    Jun 28, 2016
    Houston, Texas
    2001 Sea Ray 460 Sundancer
    2014 Seadoo 155 LTD
    2105 Seadoo 130 SE
    2013 Mercury Dinghy
    Cummins 6CTA 8.3L
    Yes
     
  3. fwebster

    fwebster Well-Known Member TECHNICAL Contributor PLATINUM Sponsor

    Oct 6, 2006
    Middle Tennessee ; Panama City Beach, FL
    1996 450DA
    3116 Caterpillars
    Yes, on older boats. The requirement varies by the company as to when and frequency....NBOA is your agent, not your insurer. You might try shopping your policy to a local agent if you want to avoid the survey.
     
    JVM225 likes this.
  4. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    The company that NBOA has me with got the first survey, they accepted the pre-purchase survey, in December of 2016 and they notified me that they will need another one by the fifth anniversary of the policy in December of 2021.
     
  5. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    That’s my plan! I’ll see if a local broker can save me from spending that money.
    If I wind up needing to pay for an insurance survey then I’m going to be shopping around with it.
     
  6. PMC

    PMC Well-Known Member

    Apr 10, 2009
    Long Island, NY
    2001 40 Sedan Bridge
    Cummins 6CTA
    The underwriter with NBOA required an out of water survey a few years back. Thre general rulling for the underwiter, was that boats over 15 years old need a survey every 5 years . I shopped around and found that even with the cost of a survey, NBOA beat the competition.....I winter the boat on land, and coordinated with my surveyor to inspect the boat across 2 different days.

    I am currious if anybody had any bad experiences or blowback as a result? Like needing to lower the agreed value coverage.
     
    JVM225 likes this.
  7. The Bill Collector

    The Bill Collector Well-Known Member GOLD Sponsor

    Jun 2, 2008
    Tacoma, WA
    450 Sundancer
    3126 Cat's
    12 years with the same pre purchase survey and same insurance company
     
    JVM225 likes this.
  8. Golfman25

    Golfman25 Well-Known Member

    608
    Sep 12, 2009
    IL
    281
    V8
    I'm like 15 years. On a 40 year old boat. I guess they know me -- I ain't gonna let it sink.
     
  9. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Good to know.
     
  10. fwebster

    fwebster Well-Known Member TECHNICAL Contributor PLATINUM Sponsor

    Oct 6, 2006
    Middle Tennessee ; Panama City Beach, FL
    1996 450DA
    3116 Caterpillars

    I've been around Sea Ray boats and in a marina catering to the 35-60 ft recreational boating crowd for about 35 years. We've seen a few boats rejected for coverage after an insurance survey. The reason was always the condition of the mechanicals, unsafe condition of water or exhaust hoses, poor wiring done by a DIY'er who had no clue, or just plain unsafe boats. In every case I had the opportunity to see, neither you nor I would run the rejected boat in water deep enough that you couldn't walk home if it sank. In every case, the insurance company gave the owner the opportunity to have the boat brought up to safe operating condition immediately, without a rejection letter, by the dealer who handled the haul out. If the boat left the boat yard, we never knew what happened.

    Also this is a common situation on older boats. So common in fact, that the service manager at our dealer/marina has 2 lists of surveyors........an insurance or sellers survey list and a buyer's surveyor list . You don't want a buyers surveyor doing your insurance survey because they don't miss much.....they are also very busy and are hard to get without waiting.
     
    Last edited: Sep 12, 2019 at 8:09 AM
    PMC and Sublimetime like this.
  11. PMC

    PMC Well-Known Member

    Apr 10, 2009
    Long Island, NY
    2001 40 Sedan Bridge
    Cummins 6CTA
    The surveyor I hired had nothing but praise for the condition and the maintenance upkeep (of course haha). The report was favorable to hand over to my insurance company. My only gripe was the recommendation to have my engine room halon system re-certified. Finding a local that provides this service on original equipment is darn near impossible! Im guessing I was somewhere between a seller and buyer surveyor......
     
    JVM225 likes this.
  12. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    Who did you find to re-certify the Halon system? I’m still two years away, but sounds like good info to have for when the time comes.
     
  13. PMC

    PMC Well-Known Member

    Apr 10, 2009
    Long Island, NY
    2001 40 Sedan Bridge
    Cummins 6CTA
    Still looking. Everyone wants to sell a system that is 2x the size and half as effective.
     
    firecadet613 likes this.
  14. ZZ13

    ZZ13 Well-Known Member

    Nov 25, 2009
    Lady's Island, SC
    2001 400 Sedan Bridge
    Cummins 450 Diamond
    That's because there is no halon left anywhere. It got banned a bunch of years ago, but existing inventory was allowed to be sold. Now none left. Your only option now is to buy the tanks with the new chemical (unless you find someone that has been hiding it under their mattress). And as you noted it takes 2-3 times as much of the new chemical to cover the same volume as the halon.
     
  15. Ike

    Ike Active Member

    291
    Dec 17, 2011
    Pacific Northwest
    1972 Sea Ray SRV 190 I/O
    12 Ft Rowboat
    8 Foot Sailing Dinghy
    Mercruiser 165 6cyl inline GM 250
    Halon. The US military bought it all. None left.
     

Share This Page

Show Sidebar