911: Want to Buy a Boat? DON’T! Survey It-100 Reasons Why Not to Buy!

[@timgreen4137]

I bought my boat "backwards". I bought it. Then had the survey done. There were some small issues noted. But, I didnt have to have anything fixed before I got insurance coverage. However, the boat is a 1967 Woodie. I've had to do a complete renovation on every system and space. Paul is right about the costs mounting quickly. I've put over 1500 man hours of my own labor into it so far (at $100/hour per boat yard labor costs) Plus, the work that was done by the boat yard, that was beyond my abilities. However, I know my boat inside out, stem to stern. It's liveable now. But, not where I want it to be for a long trip. After 2 1/2 years of work, I figure that I'm down to about a half million things to do on it.

[@richardweiss9624]

One of the best boating videos I have ever watched.

[@NoRegretsLifestyle]

Thanks 🙏

[@user-id8ng9eq9h]

I didn't get a survey on my last boat and glad I skipped. What I've learned is, you never really know what's wrong with a boat until you live with it for a while - and as we all know - every boat needs something. Depending on the size of the boat, I'd rather save the money for repairs. There is of course a limit to this thinking and a level where you MUST get a survey. If you're going to own a boat, you need to know enough about the potentially obv issues (rot, major mechanicals, electrical etc) to be able to do your own foundational survey.

[@daryllarson9615]

Survey needed for insurance, also update flares, extinguishers and add beacon/epirb and newer lifejackets. I've heard adjusters look for those items before assessing a claim you have.

[@NoRegretsLifestyle]

Yes they do check all those items

[@simonpickering2665]

I am a surveyor …. Many of the problems I see are generic and I often comment I could write 80% of the report with out having seen the boat …. The other 20% is normally a significant issue that could be a deal breaker …. As for insurance - you don’t need to do everything recommended by the surveyor - but should there be a loss which could have been prevented if the surveyors recommendations were followed the claim could be denied ….

[@NoRegretsLifestyle]

@@simonpickering2665 Insurance is getting much stricter and I’ve had most issues have to be repaired . But your right, most things are minor but the big ones can be dealt with breaking

[@doncritzer2798]

I didn't need a survey for the 300,000. Liability and agreed value, for full coverage i would need a survey, Florida, Im in Palatka now

[@williambarnhard2460]

Can you find insurance without a survey? My experience buying 2 boats is that the insurance co will demand one. I enjoy your channel, Thanks

[@castlerc]

If it’s less than 40 years old then you should be able to. I was told I needed one since I bought a 84 trawler but the previous owners didn’t need one 4 years ago.

[@MISCIFMAKER]

Ole guy just good once over, either dream of sailing , OR just go sailing BUY A BOAT GETTER IN THE WATER N GO SAILING

[@craigc.7033]

I'm pretty sure a boat is cheaper than a wife??? 😊😊😊

[@thelastboomer9088]

Yea, I can attest. My ex cost me about $600k and $1700 a month for the rest of my life. Dash Riprock left her cold about a month after she and I separated.

[@NoRegretsLifestyle]

Yes 👍