Boat condition report/ valuation
Submitted by saltyseamen on Thu, 2016-07-07 16:41
Hi Guys,
As the heading suggests i am looking to get a condition report and valuation for my recently purchased (2nd hand) Westerberg. As the hull is over 20 years old I need to get these in order to get the thing insured. I have just been quoted over $400 to get this done, which i find a little steep. Is this a fair price?
Any recommendations that can do this for cheaper?
I'm located in the fremantle area, so ideally I do not want to travel too far with an uninsured boat, or better yet they come to me.
Cheers for any info
Prego
Posts: 135
Date Joined: 03/06/09
pm sent
Pm sent
holth
Posts: 812
Date Joined: 09/10/06
$400 for 20 minutes work.
$400 for 20 minutes work. Hmmm they must be thorough l suppose.
I needed a valuation for an agreed price policy. Took luke from chivers 2 minutes to write up. Cost nada.
chris raff
Posts: 3257
Date Joined: 09/02/10
SGIO don’t require condition
SGIO don’t require condition report for older hulls 28 day cooling off period as well over the phone
..better off putting the 400 smackas towards a service and if need be get the bloke to write up a condition report at that point imo . I’ve always just told the insurer how much I want the 3 components insured for .
“Intelligence is like a four-wheel drive. It only allows you to get stuck in more remote places.”
little johnny
Posts: 5350
Date Joined: 04/12/11
Plus 1
Sgio. Was with club marine for 15 years made 1 small claim.( screwed me) 400 buck claim never again. Sgio way to go
dodgy
Posts: 4572
Date Joined: 01/02/10
I'm with club marine but
I'm with club marine but about to change to rac in the next week or so.
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
Jackfrost80
Posts: 8125
Date Joined: 07/05/12
I considered this also but
I considered this also but they won't let you insure just the whole boat, trailer and hull at an agreed price and you have to break down each component and put a value on them to make it equal your replacement cost and that's all they'll pay out whereas Club Marine have informed that if I have a catastrophic motor event on the water then they will replace it with a new motor.
Maybe you've looked into it a little more and can offer some advice on the best way to go as RAC is massively cheaper or am I overthinking it and just need to insure the value of the boat at the replacement cost of the hull, motor and trailer rather than the market value?
I am with RAC for my dinghy because I've bought everything new.
Officially off the Pies bandwagon
Rob H
Posts: 5784
Date Joined: 18/01/12
RAC
Yeah Im with RAC also now on everything except the house as they dont cover tsunami/storm surge.
Cars and boat.
Cars even cover "filling with incorrect fuel"
Interesting looking thru the Club Marine PDS, it says the motor cover is as you say but only up to 5 years.
I was with Nautilas, who were fantastic right up until they changed Underwriters last year and I crossed paths with a dragon from Melbourne.
She told me they had "reinterpreted the PDS" regarding Layup months, but there was no change in the PDS.
A quote from RAC was cheaper, without having layup months at all.
The RAC one does require breaking down into individual parts, but with agreed value the worst scenario is maybe the boat sinks and they dont pay out the trailer.
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
Red Dog
Posts: 311
Date Joined: 13/12/12
Hey Rob H, I know this is off
Hey Rob H, I know this is off topic but you mentioned tsunami/storm surge cover for your house insurance - have you found house insurance that does cover that?
One thing everyone should make themselves crystal clear on with any boat insurance policy is the security requirements when storing your boat - it varies quite considerably and if your not up to speed with your individual insurers requirements you may not be covered in the event of theft.
Rob H
Posts: 5784
Date Joined: 18/01/12
Yes there are about 5 or so
Yes there are about 5 or so that do but Wesfarmers and RAC arent among them
CGU do, Westpac do, and several others who elude me just now.
Every few years I check the cost of house cover and go thru them
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
CCC
Posts: 539
Date Joined: 29/03/10
If you have an engine
If you have an engine failure and you can prove an event that matches they contract conditions caused this they may then offer you a settlement. But remember that it will be depreciated with age. A 20 year old motor with get you next to nothing in the settlement.
They event depreciate items such as batteries as the have a short life span.
Jackfrost80
Posts: 8125
Date Joined: 07/05/12
Thanks mate. Might be worth a
Thanks mate. Might be worth a call to Club Marine too see what they'd actually pay out and go from there
Officially off the Pies bandwagon
DTrain
Posts: 486
Date Joined: 10/02/12
I paid $150 to get one done
I paid $150 to get one done by Combined Marine in Joondalup a couple of years ago.
$400 seems a bit rich.
joe amato
Posts: 731
Date Joined: 21/12/08
rac boat insurance,great service imo
just did a rac boat insurance claim,only had to get 2 quotes to fix my boat sprit,plus they paid out what i needed,i was with club marineand because i missed my monthly premium ,due to not having the money to pay because of my pay hitting my bank account,the person in charge wanted the money up front for the rest of the premium before they reinstated my insurance,so i switched to rac like my cars ,house etc,plus if this same scenario happens,they are a lot easier to deal with than club marine,im happy with rac service because the look after its customers
Anyfishwilldo (not verified)
Posts: 16
Date Joined: 01/01/70
I've just switched to rac
I've just switched to rac myself... saved $24 a month and no excess... club marine was $500 excess!
Rob H
Posts: 5784
Date Joined: 18/01/12
no excess-you sure about
no excess-you sure about that?
Didnt see that option, but to me its really a no brainer-make a claim for $100 then for the next 5 yrs you have to note it on any insurance you take out and get penalised for.
Give a man a mask, and he'll show you his true face...
The older you get the more you realize that no one has a f++king clue what they're doing.
Everyone's just winging it.
dodgy
Posts: 4572
Date Joined: 01/02/10
Just made a car claim with
Just made a car claim with rac. Was so easy. Hence my shift.
Does anyone know where the love of god goes, when the waves turn the minutes to hours?
holth
Posts: 812
Date Joined: 09/10/06
Have made a claim through
Have made a claim through club Marine before and it was an easy process. I went direct through a platinum club marine dealer ie chivers marine. No dealing with accessors, They handled the whole process. Didnt affect my ncb as l had bonus points from claim free years.
joe amato
Posts: 731
Date Joined: 21/12/08
no exess with rac
i paid no exess with rac,plus my next years premiium is the same on my boat insurance policy