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Author Topic:   Buying a Boat Should I get a survey?

BillD posted 04-30-2002 10:12 AM ET (US)
I am looking for advice here, I have agreed to a purchase price for an 2000 18' Outrage with a Mercury Optimax 150 (thanks to everyone who replied with information in my earlier posts it was helpfull). It is a very clean boat used for 1 season only and appears to have no defects. I am having the engine inspected by a Mercury dealer. My questions are Should I get a survey? Will my insurance company require one? What do they cost? Does anyone know a surveyer in RI? I have not purchased a used boat for a while (and then it was a 15' sport from someone I knew) and any advice would be appreciated.
Thanks
Bugsy Malone posted 04-30-2002 12:41 PM ET (US)
No, not on an 18 that's a year old waste of money.
Having the engines checked is about all that's necessary.
Usually an insurance company only requires a survey to establish value if the boat is 10 years old or older.
PMUCCIOLO posted 04-30-2002 09:26 PM ET (US)
BillD,
I'd recommend that your transaction be contingent upon your satisfaction with the boat's performance on a sea trial. Make sure that the water is not calm, and take someone (or two) people and a bucket (to pour water on the deck when you're out) with you to test the drainage of the boat.
If the owner has confidence, he won't object. Good luck!
Paul

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Author	Topic: Buying a Boat Should I get a survey?
BillD	posted 04-30-2002 10:12 AM ET (US) I am looking for advice here, I have agreed to a purchase price for an 2000 18' Outrage with a Mercury Optimax 150 (thanks to everyone who replied with information in my earlier posts it was helpfull). It is a very clean boat used for 1 season only and appears to have no defects. I am having the engine inspected by a Mercury dealer. My questions are Should I get a survey? Will my insurance company require one? What do they cost? Does anyone know a surveyer in RI? I have not purchased a used boat for a while (and then it was a 15' sport from someone I knew) and any advice would be appreciated. Thanks
Bugsy Malone	posted 04-30-2002 12:41 PM ET (US) No, not on an 18 that's a year old waste of money. Having the engines checked is about all that's necessary. Usually an insurance company only requires a survey to establish value if the boat is 10 years old or older.
PMUCCIOLO	posted 04-30-2002 09:26 PM ET (US) BillD, I'd recommend that your transaction be contingent upon your satisfaction with the boat's performance on a sea trial. Make sure that the water is not calm, and take someone (or two) people and a bucket (to pour water on the deck when you're out) with you to test the drainage of the boat. If the owner has confidence, he won't object. Good luck! Paul