stroutmail
Senior Member
- Joined
- Apr 20, 2020
- Messages
- 154
- Location
- United States
- Vessel Name
- Grand Day Out
- Vessel Make
- Grand Banks 36 Classic
Just purchased a 1984 Grand Banks 36 Classic Hull #698. Finished survey last week..surveyor verbally indicated no serious problems, told me boat was seaworthy and in good condition. Got a 32 page report with only 1 "A" Recommendation..flares expired, which I have corrected. There were 32 "B" Recommendations that "should be addressed within a year or sooner". None of them were serious in my opinion, and pretty much consistent with a "to do" list I would have written myself..things to do when I get around to it.
Not sure I even need anything other than liability, but all companies so far..Geico, Markel and a couple others would only quote traditional agreed hull value coverage. Several companies would not write insurance on a 35 year old boat.
First company (Markel) to get back to me after submitting survey wanted a written "plan" for how I intended to "correct" all the B Recommendations?
Is insurance market as difficult as it seems for an old Grand Banks?
One point of contention is the ABYC standards for fire extinguishers. Boat has twice the USCG requirements, but surveyor "recommended" a fixed engine system or a "ported" manual one where spray is thru a hole in the floor. Underwriter indicated a concern with "fire risk".
Not sure I even need anything other than liability, but all companies so far..Geico, Markel and a couple others would only quote traditional agreed hull value coverage. Several companies would not write insurance on a 35 year old boat.
First company (Markel) to get back to me after submitting survey wanted a written "plan" for how I intended to "correct" all the B Recommendations?
Is insurance market as difficult as it seems for an old Grand Banks?
One point of contention is the ABYC standards for fire extinguishers. Boat has twice the USCG requirements, but surveyor "recommended" a fixed engine system or a "ported" manual one where spray is thru a hole in the floor. Underwriter indicated a concern with "fire risk".