A: Current photos are required on standard production vessels up to 30 feet and over 15 years old. Underwriters will try to determine current market value, a survey may be required if a valuation cannot be determined or agreed.
Out of water marine surveys are required on all new purchases over 30 feet where the vessel is over 15 years old. On all other vessels over 15 years old Underwriters will accept in-water surveys if the insured can provide recent haul-out and maintenance details report (within 2yrs of haul-out) of hull below the waterline. Evidence of this can be haul-out or maintenance receipts.
An out of water survey is required on wooden hull, self built vessels, converted, plywood and fiberglass over wood hulls.