| Some brokers or sellers may offer a past Insurance Survey report as part of the details of a yacht for sale. They may even offer a pre-purchase type survey report commissioned by them specifically for the sale. |
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| Such information may be useful but information provided by sellers should never be fully trusted. |
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| Insurance survey reports contain significantly less information than pre-purchase surveys and therefore should not be relied upon when purchasing a yacht as they are not intended for that purpose. |
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| Pre-purchase type reports commissioned by sellers may hide defects or make things look not so bad. The surveyor may be under pressure by the seller to do that. |
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| Buyer may in some cases choose to rely on a survey report commissioned by a previous potential buyer who did not purchase the yacht for some reason. This may have been a good survey. |
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| But buyers should consider that time will have passed since the survey has been done. Many months could have passed. The yacht may have been moved in the yard and lifted badly or supported badly, causing structural damage. The yacht may have been partially flooded. Who knows what may have happened. |
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| Buyers should always arrange for their own pre-purchase survey performed by their surveyor, at the time they are considering a yacht. This is the only way to have the best information to hand. |
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