Yes you're right, these 3 questions make me wait to buy a boat, now and then i rent 1 for a few days or a week. No worries about anything, just sailing.
Good things to point out. Another thing to consider if you are buying an older boat is: Where are you going to get insurance. Many insurance companies will not insure a boat older than 30 years unless it is a high value boat - Hinckley? It is definitely worth calling around to insurance companies/brokers to see if they will insure the type of boat you are thinking about. Another similar consideration that comes into play is if you are looking at a loan for your dream boat - where are you going to get that loan. You will run into the same issue as with insurance with an older boat. Banks don't like to make loans on older boats. Also, you can't get a loan without insurance. So while you may be willing to go without hull insurance (liability only) your bank won't even talk to you in that situation. You may find that your only option is a home equity loan. Another thing to consider when looking to buy a boat is the survey (you will need one to get insurance). Over the last few years surveyors have been swamped and in my experience thee was a considerable wait time to get a survey done. By considerable, I mean a couple of months. So it is a good idea to make a tentative appointment with a surveyor before you make an offer. Similarly, getting work done on things like sails and canvas currently has a pretty long wait time. I needed some restitching on my jib at the end of the season last Fall. It still isn't done.
All excellent points and phase 2 of the process - once you identify the boat of your dreams! We were able to get insurance for our 43 year boat and I will share that information in the follow-up segment. All key points and we will be discussing them for sure! Thanks for tuning in. Much appreciated!
@@boatfools You guys with the new boats have it easy. I sold my old boat (1936) last year, but kept the new one (1972). Neither was insurable through the normal marine insurers.
