Survey for Insurance
When you first insure your boat, or have to renew an existing policy, your insurance company may ask for an Insurance Survey Report in order to determine whether the vessel is an acceptable risk. An Insurance Survey is less detailed than a Pre-Purchase Survey and its focus is on structural integrity and safety. An assessment of the boat's value can also be provided if required.
An Insurance Survey requires several hours and usually includes an out of water inspection although you may wish to confirm with your insurers that they require this. Many owners arrange their insurance survey to coincide with a haul out or dry docking for antifouling or maintenance.
The regular Insurance survey should be viewed not as a necessary inconvenience but as an opportunity to have the condition of your vessel independently checked. The report will highlight issues affecting the boats or crews safety and can be a useful in directing the boats maintenance program.
The survey report is compiled under the following headings, not all sections are appropriate to every craft:
- Hull external
- Keel & skeg
- Stern gear
- Through hull fittings & valves
- Deck & superstructure
- Deck gear
- Mast rigging & sails
- Hull internal
- Fuel system
- Bilge pumps
- Gas system
- Cockpit & other drains
- Electrical installation
- Navigation equipment
- Radio equipment
- Safety equipment & firefighting
The Report also includes a Summary and a list of Recommendations, Moisture Meter readings are part of the survey for GRP and wooden vessels.
An Ultrasonic Thickness Test Report can be provided in addition to the Insurance Survey Report for steel and aluminium craft. There is a reduced fee for the thickness testing if conducted at the same time as the Insurance Survey. A periodic Ultrasonic Thickness Survey is important for determining the remaining plate thickness and therefore the integrity of the vessel. The survey fee for narrowboats includes Ultrasonic Thickness Testing.