Yacht, Boat and Sailboat Purchase Tips

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Boat Purchase Tips
Boat Purchase Tips 2

 

 

Yacht, Boat and Sailboat Purchase Tips

Yacht Brokers Buying a boat is similar to buying a car or a house. The brokers are in the business of trying to sell you. The yacht broker is not unbiased.

So look for multiple brokers or hire an agent to look for you. Get competing bids.

Marine Surveyor Different surveyors specialize in different designs of boats and construction materials. Ask around the waterfront about professionals who deal in the
kind of boat you have in mind. Get to know different surveyors.

If you buy the boat directly from the owner or use a broker as an agent, you will need to hire a marine surveyor. Try to find and hire your own surveyor rather than use someone that the broker recommends. Make sure there are independent with no ties to the owner or any broker.

The marine surveyor will know the boat and its integrity. They will scrutinize the hull
condition, inside and out, as well as the structural components of the boat. You will need to provide a copy of the survey to your insurance company in order to obtain a
policy, so make sure you understand what they will need. Most surveyors are aware of what insurance companies require.


Insurance Broker . Know ahead of time what is insurable and what is questionable before you buy. Find out what the insurance companies requirements are.


Specialty Surveyors
Survey the engine and the rigging, as neither of these crucial areas will be covered by your marine surveyor. Ask around for an expert.

Designers Check the internet for designer information. Online bulletin boards for boaters are an ideal source.

Builders The yard may also be a good source for parts. If you are looking at a new boat, you might want to do a D&B check on the manufacturer's financial health


marine, yacht, personal watercraftBoat Insurance From BoatUS Get a quick boat quote for specific protection that your homeowners or car insurance will not cover.

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Free, no-obligation loan analysis will help you determine which kind of loan best applies to your situation.

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