UPDATED June 2024 – Gallagher Skippers’ Plan clients with boats under 30 feet in length that have a market value of under $50,000 no longer require a marine survey. Surveys will still be required as a requirement to keep Agreed Value Coverage, or if you have a Sea Doo jet boat. At anytime Aviva may request a marine survey for any vessel. This is an initiative we requested from AVIVA Elite Insurance Company. All that is required are photos (6-8 photos) that show the condition of the boat above and below the waterline, interior and engine compartment.
Surveys have been a standard requirement in the boat insurance industry on older vessels and we continue to recommend them if you are purchasing a boat. Surveys provide boat buyers with peace of mind prior to purchase, identify potential safety and maintenance issues and can provide an up-to-date value of the vessel, which helps to determine if it’s over insured or under insured. However, surveying the boat every 5 years as some insurance company’s demand can cost boat owners hundreds to over a thousand dollars depending on the size of their boat.
At Skippers’ Plan we are always looking for ways to make insurance easier and less expensive for our client’s. Contact us to find out how we can make insurance easier and less expensive for you too.
1-800-661-7211
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