sailor11767
Member II
I'm not terribly sure this is the right forum, but it pertains to maintenance impacting insurance, so here goes.
I'm contemplating (half the time, I'm ready to plunge, the other half I'm running for dry land) buying a tired E-35 in Maine. Tim Reilly has given me a pretty thorough photo-documentary on the boat's issues, and it's a lot of work.
Much of the work is cosmetic or nice to have stuff (in this vein, I'd include the rotted out mainsheet -- failure does not really affect safety of life and limb as long as you take down the sail before the hurricane hits).
Some of the work is minor safety type issues that would be high on a list, but perhaps not critical in the first season. This would be items like completely reworking all of the owner installed rat's nest of inadequate wiring to the stereo system and such. This could be made "safe" in the first season by simply turning off the breakers.
Some of the work is more major safety type issues that would need to be done before getting more than a mile or two from shore -- things like seized thru-hulls.
There's also the question of evolving standards -- I remember many years ago, my father's insurance company required him to add insulating covers over his battery terminals. A "good thing" to be sure, but it was an evolving standard, not a failed piece of equipment.
Of course, before I buy the boat, I'm going to have a survey so that I know the list of items that need to be done, and can start to prioritize them.
And the final piece of this puzzle is that I live 10 hours drive from the boat, so work done before I get her home is either going to be done by me in a VERY short period of time (I'm targeting a 3-day fit-out visit), or I'm going to have to pay the yard a fortune to have them do the work.
So, here is the question. In 2 years, I'd have a boat that had all the A items, all the B items, and probably all the C items addressed. But on day one, I'd be hard pressed to have all the A items done. In order to get it insured, the insurance companies I've talked to will require a survey. What worries me is that I'll get the survey, negotiate the price, buy the boat, call the insurance company, and get a 10 page list of work that needs to be done before I can move the boat. The actual question is, what kinds of things do insurance companies look for in the survey, and how agreeable are they in working with a chap on them.
Thanks for the thoughts,
Harry
I'm contemplating (half the time, I'm ready to plunge, the other half I'm running for dry land) buying a tired E-35 in Maine. Tim Reilly has given me a pretty thorough photo-documentary on the boat's issues, and it's a lot of work.
Much of the work is cosmetic or nice to have stuff (in this vein, I'd include the rotted out mainsheet -- failure does not really affect safety of life and limb as long as you take down the sail before the hurricane hits).
Some of the work is minor safety type issues that would be high on a list, but perhaps not critical in the first season. This would be items like completely reworking all of the owner installed rat's nest of inadequate wiring to the stereo system and such. This could be made "safe" in the first season by simply turning off the breakers.
Some of the work is more major safety type issues that would need to be done before getting more than a mile or two from shore -- things like seized thru-hulls.
There's also the question of evolving standards -- I remember many years ago, my father's insurance company required him to add insulating covers over his battery terminals. A "good thing" to be sure, but it was an evolving standard, not a failed piece of equipment.
Of course, before I buy the boat, I'm going to have a survey so that I know the list of items that need to be done, and can start to prioritize them.
And the final piece of this puzzle is that I live 10 hours drive from the boat, so work done before I get her home is either going to be done by me in a VERY short period of time (I'm targeting a 3-day fit-out visit), or I'm going to have to pay the yard a fortune to have them do the work.
So, here is the question. In 2 years, I'd have a boat that had all the A items, all the B items, and probably all the C items addressed. But on day one, I'd be hard pressed to have all the A items done. In order to get it insured, the insurance companies I've talked to will require a survey. What worries me is that I'll get the survey, negotiate the price, buy the boat, call the insurance company, and get a 10 page list of work that needs to be done before I can move the boat. The actual question is, what kinds of things do insurance companies look for in the survey, and how agreeable are they in working with a chap on them.
Thanks for the thoughts,
Harry