| You have decided that you want to go boating; | | | | surveyor to you. Also, brokers have lists of |
| possibly sailing on the ocean, fishing your favorite | | | | marine surveyors approved by lenders and |
| lake or a retirement vessel. You have a choice to | | | | marine insurance companies. |
| make, pay full price or buy a used boat. The truth | | | | 5. Get an independent survey of the boat, be |
| is that you stand to save a lot of money buying | | | | there during the survey and ask questions of the |
| even a slightly used boat over a new one. There | | | | surveyor. |
| are many places online that list boats for sale; you | | | | Determine your insurance needs and cost. This |
| should check them out to see what basic prices | | | | can vary based upon the following factors:a. What |
| are out there for the model and brand you are | | | | the boats value isb. Demographyc. What |
| looking for. This way you can make an informed | | | | equipment the boat has on itd. Your previous |
| decision. | | | | insurance claimse. How much experience with |
| 1. New or used boat | | | | boating you already have. |
| 2. Price you can afford | | | | When it comes to sales agreements and |
| 3. Model that you like | | | | contracts, the cardinal rule is to get it in writing. |
| You find a seller and vessel that you would like to | | | | The broker will outline the terms of the sale in |
| buy; you need to set up a meeting to discuss | | | | writing to protect your interests. This includes |
| price and have them take you out in the boat. | | | | spelling out obligations between you and the seller, |
| 4. Find a seller that you feel comfortable with and | | | | and when they will be fulfilled. It's a legally binding |
| a boat that you are interested in. | | | | contract of everyone's intentions. |
| Personally, I would not use a surveyor that the | | | | 6. Get everything in writing. Remember it's legally |
| seller has recommended. Also, don't rely on a | | | | binding. |
| survey report from the seller. The report may | | | | 7. Make sure that the title is clear and is properly |
| have been written before some problems turned | | | | transferred |
| up in the boat. | | | | Finish the deal by paying for the boat. If you are |
| Use an independent surveyor and in every case | | | | new to boating, a boating safety or certification |
| survey the boat in and out of the water. Marine | | | | class may be in order, and find a dock or marina |
| surveyors inspect the boat in your interest and | | | | to place your boat. |
| the interests of your lender and insurance | | | | Lastly, take your boat out and have some fun. |
| company. Sometimes your bank will designate a | | | | |