Hi everyone

The wife and I are looking at purchasing our first yacht. Yay!!!!We are also kiwis who moved to Sydney a year and a half ago so have a lot to learn in the ways of a yacht owner!! We live out in Palm Beach so having the Pittwater right there seems like the perfect chance to get out and learn to sale.
We have worked on super yachts for the last 8 years so are not new to the water. Just relative newbies to sail boats.

A couple of quick questions of things we are unsure of.

-Is insurance compulsory for a yacht in NSW?

-If so does someone know where I might be accepted for insurance with 10 year old rigging. -Is it possible to get a report done on the state of the rigging in order to get insurance if the rigging is in good nick after light use.

-Do I need insurance?

We will most likely replace the rigging next year if we purchase this yacht. Just a rather large expense straight off the bat when there are so many other initial associated costs.

Also any advice on moorings and wait lists would be amazing. We will be trying to something in Careel bay or Clareville if we can.

Thanks heaps, we are very excited and am sure will have a million more questions lol

If you want to go into a marina you need insurance , if your boat sinks unless you want to pay for salvage you need insurance , I don't know of any insurance company that will insure a 10 year old rig , they might exclude it from the policy if you can get insurance. Some companies from what I have heard won't insure yachts on a swing mooring . Waiting lists for mooring areas can be accessed from the roads and Maritime website from memory . Hope this helps . I hope you are negotiating on the price of rigging when purchasing .

Hi.

QBE is one company that will insure a yacht with rigging >10 year old. I cannot remember if they have excluded the rigging from the insurance (as in if the mast falls over I cannot claim it). My rigging is 10 years old.... I will at some stage get an inspection of the rigging (its on the list of jobs). I have spoken to some people whos rigging is much older than mine.

I have spoken to some people whos rigging is much older than mine.

This is a very interesting point. - it seems to me the '10-year limit' on rigging is an insurance requirement, not necessarily an indication of the condition of the rig itself.
I'd be interested to know how long the realistic lifespan of s/s standing rigging is, from a fatigue point of view.
I'm pretty sure there are some members on this forum who have professional knowledge in this area.

It is not just fatigue, corrosion is also a big issue. Stainless steel is subject to crevice corrosion, and by definition, it is in places where you cannot see it. However, rust stains can sometimes provide a clue. Chainplates passing through the hull/deck, and lower end swages, are common trouble spots.

you can often get insurance without a rig survey but if the rig fails and the rigging is over 10 years old and not surveyed good luck with getting a payout

When I had the mast out I replaced the ss forstay was 34 years old still looked the goods, but if any was going to be fatigued it was it, low tension rig with a lot of forstay wobble.
And it doesn't seem to matter what the rigging is made of gal or dyneema also has the 10 year limit.

Personally I would insure the yacht without the rigging as part of the policy.
I've heard - on this forum I think, of people trying to claim insurance to damaged rigging <10 yrs old and the ba$tard$ wouldn't pay out because the damage was caused by excessive wind!!.

My last yacht was with Club marine and the rigging was over 10 years old and there was no problem. Whats more important is the condition, as inspected by a rigger recognised by the insurance company, Club Marine require yachts over 20 years old to have an out of water survey every 5 years. Each time I showed the latest rigger inspection report to the surveyor and there was no problems.

If you are concerned suggest you email your insurance company and state the age of your rigging and see what they say. That way you have made full disclosure which you can use in the future if you have a claim.

Ilenart

Club marine will not insure my yacht , it does not fit their profile I was told . Yeah I know it's ugly ...,but it is seaworthy lol

Try getting insurance on an 80 year old yacht. Not a snowballs chance in hell. Doesn't matter how well maintained as soon as you say 1937 as build date they run a mile. Well first they say, I didn't hear you right, did you say 1937? Well yes I did. Sorry we only cover yachts after xyz date. I have managed to get 3rd party but no one will touch comprehensive.

Select to expand quote

MEGAMAX said..
Try getting insurance on an 80 year old yacht. Not a snowballs chance in hell. Doesn't matter how well maintained as soon as you say 1937 as build date they run a mile. Well first they say, I didn't hear you right, did you say 1937? Well yes I did. Sorry we only cover yachts after xyz date. I have managed to get 3rd party but no one will touch comprehensive.

She looks great,
Just curious, what is approx. value you would want to insure for?

More pics Megamax. Please.
Under sail.

At least from looking at who is moored behind you,
you don't have to worry about theft.

gary

New Wave Marine should insure you no problem but if the mast comes down the payout will be market value only not replacement new value. So the total boat value will be made up of parcels for hull, engine, rig and sails, miscellaneous etc or similar. They are very easy to deal with on line.

newwavemarine.com.au/

Replaced my standing rigging 3 years back. It was 44 years old. Had never been replaced. One strand in a stay had failed so I figured it was time. I only have 3rd party insurance as trying to find a company to insure a 47yr old boat is impossible. Premiums I get quoted are about 20% of the boat's value.

Sort of off topic but here a photo for Gary

Happy Gary

Thanks all for your tips and advice.
very much appreciated.

Any thoughts on the below

yachthub.com/list/yachts-for-sale/used/sail-monohulls/spacesailer-27/238907

Cheers

20 grand puts you in the 30 footer bracket these days. Not sure why anyone would have wheel steering and an anchor winch on a 27 footer. Nice interior.

Select to expand quote

Ramona said..
20 grand puts you in the 30 footer bracket these days. Not sure why anyone would have wheel steering and an anchor winch on a 27 footer. Nice interior.

20 grand will put you in a very old 30 footer that needs another 20 grand spent on it. No anchor winch is fine if you have only a small anchor and 2m of chain and anchor in 5m of water. If you want a good nights sleep you want a decent anchor and 10m of chain or better all chain. Try pulling that up by hand in 20m of water. I would not have a boat over 2 ton without an anchor winch. Wheel and tiller steering both have their pros and cons so that comes down to user preference.
For a first boat a Space Sailer 27 is an excellent boat. They are very roomy, sail well, one of the best 27' sea handling boats and very forgiving for a beginner. If the boat has a good motor and reasonable sails I think 18 grand would be a reasonable price which leaves you a couple of grand to replace the standing rigging.

Thanks heaps for that.

New wave will be the answer they are good i had a claim and no probs paid up within 4 weeks

Thanks, I have just contacted New Wave

Select to expand quote

Jode5 said..

Ramona said..

20 grand will put you in a very old 30 footer that needs another 20 grand spent on it. No anchor winch is fine if you have only a small

Nice 20 grand 30ft yacht that will sail rings around any Spacesailer.

yachthub.com/list/yachts-for-sale/used/sail-monohulls/defiance-30/246982

Select to expand quote

Ramona said..

Jode5 said..

Ramona said..

20 grand will put you in a very old 30 footer that needs another 20 grand spent on it. No anchor winch is fine if you have only a small

Nice 20 grand 30ft yacht that will sail rings around any Spacesailer.

yachthub.com/list/yachts-for-sale/used/sail-monohulls/defiance-30/246982

wow that is a nice yacht for the price!

Or this one - in your same postcode..................

www.dbyboatsales.com.au/listing/defiance-30

Select to expand quote

r13 said..
Or this one - in your same postcode..................

www.dbyboatsales.com.au/listing/defiance-30

That is a lovely boat. But this is still the ultimate 20 grand boat. Shame it's in WA.


www.gumtree.com.au/s-ad/cervantes/sail-boats/36ft-farr-yacht-new-sails-and-rigging-reduced-for-quick-sale/1239923054

Bit big and scary for a first boat though!

Select to expand quote

Ramona said..
20 grand puts you in the 30 footer bracket these days. Not sure why anyone would have wheel steering and an anchor winch on a 27 footer. Nice interior.

The price is very much a variable in the current climate. The asking price was always questionable before the recession/shutdown, and who knows where it will settle in the end. My guess for the Spacesailer 27 is around the $12 to $15k mark.

Brought the Spacesailer!!

We are stoked

Others will say we paid to much but we are happy and comfortable with the result.

Time to put the superyacht paint, varnish and maintenance skills to work on our own project not a bloody billionaires!

Good onya gonads, looks to be in great shape, will take you lots of places, safely and comfortably.

Thanks heaps!
yes has been well cared for.
mod cons for the wife also. Hot water, 2 x showers, electric toilet, great galley etc
Shes chomping at the bit to get in there and spring clean with a toothbrush! Lol
I will be straight on to a repaint of the topsides and cockpit and strip and revarnish handrails and trim.
Very excited!