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Old 11-21-2021, 10:45 PM   #1
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How well does a survey age?

Signed an offer for a 42MY with twin FL 135. Boat is in great shape. Previous owner only kept it two years, and now wants to downsize. He provided me with the survey he had ordered back when he bought it, less than 2 years ago, plus the list of repairs and maintenance items he has performed (or actually, had a mechanic perform), as directed by the survey. Story is clear, broker trustworthy and with a solid reputation.
Should I still order a full survey, or just some pointed checks? Which ones would you think are absolutely needed? Thanks for your suggestions.
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Old 11-21-2021, 10:56 PM   #2
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I wouldn't buy any boat without oil analysis.

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Old 11-21-2021, 10:58 PM   #3
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I wouldn't buy a boat without hauling it out, looking at the bottom, and running gear.

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Old 11-21-2021, 11:11 PM   #4
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Check with your insurance provider and marina/yacht club. They may not accept a survey more than one year old. Neither of mine would.
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Old 11-21-2021, 11:21 PM   #5
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A lot of insurance companies will not accept an older survey but also a survey that isnít in the insureds name. Get your own even if you donít need one for insurance.
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Old 11-21-2021, 11:25 PM   #6
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Even if you are comfortable and confident in the condition of the boat the insurance company may not insurance without a current survey.

Here's a survey story and I am sure others probably have similar ones to share. When my buddy bought his boat it had a prior survey that was shared with him. I inspected the boat for my buddy and found a bulkhead that broke free from its fiberglass tabbing to the hull and positive wire connections on the batteries and engine not protected. Neither of these were on the survey and should have been noted by a good surveyor. He hired a different surveyor which found numerous issues that were not on the owner supplied survey.

It's a risk not to survey so I think it's a matter of being willing to except the cost of items not listed on a dated survey. If you switched shoes with my buddy how would you feel about finding a bulkhead that broke free from the hull after the sales transaction was done. I'd get a new survey from a person you trust that has no interest in the sales transaction.
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Old 11-21-2021, 11:33 PM   #7
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Quote:
Originally Posted by RedRascal View Post
I'd get a new survey from a person you trust that has no interest in the sales transaction.
Strongly second that advice. Two years is too long, and that surveyor was working for someone else.
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Old 11-21-2021, 11:37 PM   #8
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I have found that two different surveyors will find what the other did not. They are but mere mortals and focus on what they become familiar with. They have their own bias on what is important. They are necessary because insurance relies heavily on their report.

Op, get your own survey for when you need to provide one for insurance.
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Old 11-21-2021, 11:43 PM   #9
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1). Banks and Insurance most likely won’t accept a survey not in your name.

2). If you are not intimately familiar with every hour since the last survey then you need a new survey.

3). Maybe the current owner ran the boat aground and only says he wants to downsize or how do whe know any maintenance has been preformed or maybe the current owner is a dyi but never heard of ABYC.
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Old 11-21-2021, 11:55 PM   #10
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Insurance companies here seem to have less strict requirements on survey, but regardless I hear your advice and will get a new one done. Thanks
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Old 11-22-2021, 09:47 PM   #11
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Follow every single advice suggested above ; buying a boat can be a significant investment, sometimes second only to your home; moreover a good survey is essential in providing peace of mind


itís worth checking with your intended insurer before you engage a surveyor, if you find an insurance company that is willing to insure a boat without a survey, then watch out ; both of my boats - of which one is a Grand Banks 42 too - are insured with Pantaenius ; not all surveys, or surveyors, are equal, however; in your area of the south of France there are a good number of very good marine surveyors who have a long background of being in the industry


Also feel free to ask for a sample report from the surveyor you are planning to engage


Bonne chance !
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Old 11-22-2021, 10:56 PM   #12
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When we bought our current boat last August I was surprised that Boat/US-Geico didnít want a copy of the survey, but the bank did.
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Old 11-22-2021, 11:30 PM   #13
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Trust. But verify.
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Old 11-23-2021, 12:11 AM   #14
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Quote:
Originally Posted by Comodave View Post
When we bought our current boat last August I was surprised that Boat/US-Geico didnít want a copy of the survey, but the bank did.

Each insurance company set their own guidelines , OPís boat is in France not in the US ; also itís a matter of years; here as the industry standard , itís common practice for an insurer to ask for an out of water survey if the boat is over 15 years old and is moored permanently
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Old 11-23-2021, 11:46 AM   #15
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Get your own survey for peace of mind if nothing else. A good survey can save you more than they cost.
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Old Yesterday, 05:25 PM   #16
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Since it sounds like the previous surveyor did a good job, I would consider contacting him to seeing if he might discount the cost of a survey that is just an update. He could confirm that the repairs were made, and give a quick look for any major change (such as evidence of a collision), and then just edit the old survey document without starting from scratch.

Remember also that insurance companies will typically require proof in the form of boat yard bills that all significant problems shown in a survey have been repaired before they will cover the boat. So be sure your surveyor keeps the written survey as short as he can (it's why it's always good to accompany the surveyor so he can point out things orally that may need fixing soon without it going in the written survey)
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Old Yesterday, 05:39 PM   #17
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I have never had an insurance company ask me for written proof that repairs have been done. Just a statement from me saying that they had been done was all they wanted. Maybe different with different insurance companies. I have Boat/US Geico.
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Old Yesterday, 06:24 PM   #18
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Surveys are a snapshot in time for the condition of the boat on a certain day.. They don't age well..especially through 2 years and a new owners use. I would peruse it but not give it much weight.. The boat could have been much improved.. or neglected in those 2 years. I agree with Ted and others, oil analysis. Hopefully they have been doing them and a baseline has been established
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