Marine Forum

Yacht vaualtion

Anonymous user

12 July 2006 13:28:10

Joined: Unknown | Posts: Unknown

I am a new owner of a 1976 Westerly GK24 and I am trying to determine the value of the boat for insurance purpose. She is currently registered and moored in Maryland, US and I paid $2550 (1383 GBP) for her. Since this is all I paid, this is how much the insurance company will cover her for; I know it is worth much more than that!

I searched the US NADA guide but could not find this year and model. Is there a UK version of NADA or some sort of blue book or insurance manual that provides a range of values for boats that includes the Westerly GK24?

All help and suggestions are appreciated.

John

Re: Yacht valution

NobleMarine

19 July 2006 16:51:49

Joined: 20 December 2005 14:26:44 | Posts: 17

To my knowledge, there is no book for this type of boat to provide values.

Even one-design boats, built to the same specification can vary in condition, and therefore value, so producing a book like this would be near-impossible.

A yacht surveyor would be able to give his opinion as to the value of the boat, using his knowledge of similar boats that have been sold. You could also scour the boat adverts, looking for similar boats and build up an average price, which your Boat Insurance company may accept.

Jon

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Boat Insurance from Noble Marine
On-line quotations and immediate cover available
http://www.noblemarine.co.uk/home.php3?affid=558

Re: Yacht valuation

Anonymous user

26 September 2006 17:02:51

Joined: Unknown | Posts: Unknown

Try looking through the boat ads on this site... it may help you.

Re: Yacht valuation

Anonymous user

27 September 2006 02:30:47

Joined: Unknown | Posts: Unknown

Hi I am a yacht valuer