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July 11, 2008, Newsletter Issue #146: Precautions for Boat Auctions
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Tip of the Week
When looking at a boat offered at auction, there are several precautions you need to take. The auction price might sound like a great deal, but the boat itself can be seriously damaged. Many boats sold at auction have been salvaged, that is boats that have been damaged by storms or other natural disasters. Before you bid on a boat, you should make an effort to examine it personally. If you have little practical experience with boats, bring along a friend who is familiar with watercraft or even a professional marine surveyor. The site boatus.com/insurance/survey can recommend a professional surveyor in your area.
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