TYPES OF SURVEYS

Pre-Purchase Survey

To inform a buyer of the condition of a boat. It is a close inspection a accessible areas. The boat should be hauled out of the water and the bottom, rudder and prop examined. The report includes a value for the vessel and a list of recommendations to put the boat in satisfactory condition. This is more extensive than an insurance survey but it will satisfy both financial institution and insurance company.

Insurance Survey

Informs an insurance company of the insurability of a boat. The intent examine the structural integrity of the vessel and the safety of the system such as electrical, fuel, etc. The boat is not normally hauled out of the water unless requested by the insurance company. The report is less detailed than a pre-purchase report but will include a value and a list of recommendations.

 

Appraisal

 

Performed to gather enough information to determine the fair market of the vessel. This is normally needed for financing, estate settlements, donations, legal cases, etc

 

Consulting

Any vessel related need such as adequacy of repairs or construction, etc.