Insurance inspections differ from a pre-purchase inspection for the following reason. The insurer makes a decision to provide insurance cover based on “acceptable risk”. This is generally defined as the probability of injury, harm or damage caused by an event or circumstance.
An insurer will not be interested in all the details found in a pre-purchase inspection report so our insurance inspection report only provides the information your insurer needs to access your level of risk.
The insurance inspection or condition for insurance report will mainly focus on safety and equipment essential to the safe and normal operation of the ship including:
- Anchors
- Anchor chain and shackles
- Steering
- Bilge pumps
- Engine controls and cables
- Fuel systems
- Gas systems
- Alarms
- Fire fighting equipment.
There are many marine insurance providers in Australia and they have different requirements so it is helpful for us to know which insurance company you are using. We use a variety of different forms and formats depending on who your proposed insurer is.