Marine Insurance Inspection Reports differ from Pre-purchase Inspections 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 Navsafe Marine Insurance Inspection Reports only provide the information your insurer needs to access your level of risk.
Marine Insurance Inspection Reports prepared by Navsafe, and Condition for Insurance Reports, mainly focus on safety and equipment essential to the safe and normal operation of the ship that include:
- Anchor chain and shackles
- Bilge pumps
- Engine controls and cables
- Fuel systems
- Gas systems
- Fire fighting equipment
There are many marine insurance providers in Australia and they have differing requirements so it is helpful for us to know which insurance company you are using. We use a variety of different forms and formats for our Marine Insurance Inspection Reports depending on who your proposed insurer is.