Do I Need a Survey for Boat Insurance?

Boat insurance can prove very beneficial when it comes to protecting your vessel against accidents, theft and unexpected damage. Common factors taken into account include the boat's value, usage and safety equipment. These details will determine whether a provider can offer boat insurance cover, the type, and if any specific terms will apply

Boat owners often worry about the process of marine surveys, their cost and even their necessity. So, do you need a survey for boat insurance? Join us as we discuss whether you may need one, their benefits and provide guidance on obtaining one.

What is a marine survey?

A marine survey is a detailed inspection of a boat's condition and should be conducted by a qualified marine surveyor.

There are different types of marine surveys:

• Pre-purchase surveys for potential buyers
• Insurance surveys for deciding insurability
• Condition surveys for ongoing maintenance

Marine surveys assess important aspects such as hull integrity, mechanical systems, electrical systems and safety equipment. Surveyors inspect for any structural weaknesses, engine and system functionality, wiring safety and compliance with safety standards.

A marine survey is used to determine a boat's seaworthiness, providing valuable information for owners, buyers and insurers alike.

Why insurers require a marine survey

Before providing cover for boat insurance, providers may require a marine survey to accurately assess a boat's condition and value. They often do this to confirm if they can offer cover and whether specific terms will apply.

A survey can provide details about your vessel's structural integrity, mechanical systems and safety equipment, helping insurers gauge the risk involved. This is particularly important for older boats, high-value boats or previously damaged boats, where the risk of issues can be higher.

Types of marine surveys and their benefits

Pre-purchase survey 

A pre-purchase survey is helpful for buyers, as it gives a detailed report of the boat's condition. It covers the hull, mechanical functionality and safety equipment, helping buyers make informed decisions and avoid costly surprises.

Insurance survey

An insurance survey is conducted to secure boat insurance. It helps insurers evaluate the boat's condition and assess risk, determining if an insurer can provide cover. This survey is crucial for older boats, as well as those that are high-value or have been damaged in the past.

Condition survey

Condition surveys are used to maintain boat insurance coverage. They ensure that the vessel continues to be safe and seaworthy. It helps you identify necessary repairs and maintain compliance with safety standards.

The marine survey process

Note that the process may vary depending on the survey type selected.

1: In-water inspection 

The surveyor will begin inspecting the boat at its in-water location. They will work through an extensive checklist ensuring all safety equipment is present and functional. They’ll also test all systems to ensure everything is working as it should.

2: Haul-out and hull inspection

Your boat will be pulled out of the water and the bottom will be power-washed. A clean surface makes for a closer look at the hull and external running gear. It will also prepare the boat for its upcoming sea trial. The surveyor will tap along the hull with a hammer, looking for any softer areas and structural issues.

3: Sea trial

The boat is tested in the water to assess performance and handling. The tests include gear changes, RPM and throttle tests. These metrics will be recorded and compared to manufacturing standards to determine if your boat’s engine is working properly.

4: Final report

The surveyor provides a detailed report outlining the boat's condition and any necessary repairs.

Selecting a qualified marine surveyor

Check credentials

Look for certifications from reputable organisations like the ones included in the government’s list of approved MARPOL surveyors.

Experience

Choose a surveyor with extensive experience and positive reviews.

Preparing for a survey

Maintenance checks 

Ensure the boat is clean and all systems are functioning.

Documentation

Gather relevant paperwork, including maintenance records and previous surveys.

Impact of a marine survey on boat insurance

If a survey reveals issues with your boat, insurers may require repairs or improvements before offering cover. Having an up-to-date survey will help to ensure better safety, as potential problems are identified and addressed promptly.

Additionally, a marine survey may lead to cost savings in the long run by catching major issues before they become a big problem. They can help provide peace of mind, helping you to establish if the boat is in good condition.

Need boat insurance?

A marine survey can be very important in obtaining and maintaining boat insurance, ensuring your vessel is as safe and seaworthy as possible. The insurance provider will confirm if a survey is required to provide you with a quotation.

Boat insurance from Towergate

If you’re looking for boat insurance, get in touch with us today either online or by phoning us on 0344 892 1987. Enjoy smooth sailing with the right protection in place.

About the author

Adam Summersby is a respected leader with 11 years’ varied experience in niche personal and commercial lines insurance, including caravan, site operators and excess reimbursement, with proficiency in leadership, sales and account management.

Consistent with our policy when giving comment and advice on a non-specific basis, we cannot assume legal responsibility for the accuracy of any particular statement. In the case of specific problems we recommend that professional advice be sought.