The frequency of yacht surveys for insurance purposes can vary depending on the type of yacht and the insurance policy.
How often?
Typically, a yacht survey is required when the yacht is first insured, and then on a regular basis thereafter, depending on the terms of the policy. For example, a yacht insurance policy may require a survey to be conducted every 5 years or every 10 years. Some policies also require a survey to be conducted before a policy can be renewed or before a claim can be made.
Every yacht is different
It’s important to note that some policies may require more frequent surveys, depending on the age and condition of the yacht. For example, an older yacht may require more frequent surveys than a newer yacht.
Know your terms and conditions
It’s always a good idea to check the terms and conditions of your insurance policy to determine the frequency of yacht surveys required, and to consult with your insurance provider if you have any questions.
Better to be safe than sorry
In general, it’s a good idea to have a survey done periodically to ensure that the yacht is in good condition and to identify any potential issues that may affect the yacht’s value or safety.
Before you buy!
It’s always a good idea to have a survey done before you buy a yacht, so that you can be aware of any issues that may affect the yacht’s value or safety.