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.
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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.
I'm like 15 years. On a 40 year old boat. I guess they know me -- I ain't gonna let it sink.12 years with the same pre purchase survey and same insurance company
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.
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.
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......
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.Still looking. Everyone wants to sell a system that is 2x the size and half as effective.