Pre-Purchase/Valuation Survey

This is the most comprehensive type of inspection, and is strongly advised when purchasing a new or used vessel. Condition and the overall operation of the vessel should be examined. This would include such items as structural integrity, out of water inspection, water trials, electrical systems, propulsion system, fuel system, machinery, navigation, misc. on board systems, cosmetic appearance, electronics, and overall maintenance. The Valuation is based on market research of similar vessels, combined with the condition of the vessel. In other words, if there is paint peeling off the sides, and mold growing on the interior cushions, do not be surprised to see a lower value. If the vessel is in good condition with lots of extra goodies installed, then the value will be higher.

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Insurance Survey

This inspection is performed so that the insurance company can determine whether or not the vessel is an acceptable risk as well as to establish value. The insurance company is  interested in structural integrity and safety for its intended use. Most insurance companies require a survey on boats more than 10 years old. They will also want to know the vessel’s fair market value. Not all insurance companies will except this type of abbreviated survey so check with your underwriter before requesting this. The main difference in an insurance and pre-purchase survey is that a full water trial is not performed and most minor cosmetic issues will not be written up. Some insurance companies require an out of water inspection and others do not so it is best to check ahead of time. For sailboats you may be required to have a full aloft inspection as will for an additional cost, once again check with your agent.

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Damage Survey

This is performed to assess the extent of damage, recommend repairs, estimated repair cost, and if requested, the probable cause. This type of survey requires a lot of careful attention to detail. Damage in one area can effect many unseen parts of the vessel. If there is damage to your vessel do not rely on the judgment of an insurance adjuster or yard personnel alone, all parts of the repair must be carefully considered, or you could find yourself in a position of cost overruns that the insurance company will not cover. Most insurance companies will reimburse you a set amount based on yard estimates. If the yard estimated wrong, then the additional costs could be out of pocket.

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Galvanic Corrosion Survey

Wires in bilge water, changes in your dock’s wiring, additions over the years to your boats electrical system, even problems from other vessels near your boat, can cause excessive zinc use, and/or possible damage to metal components underwater. A thorough galvanic and stray current corrosion inspection can resolve any concerns and save costly repairs in the future.

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Rigging Inspection

A full rigging inspection will require the surveyor going aloft to carefully check all fittings. If your rigging is more than 10 years old or you are planning any long distance or offshore passages a full rigging inspection is recommended.

ONCE YOU RETAIN THE SURVEYOR, HE OR SHE WORKS ONLY FOR YOU AND REPORTS TO NO ONE ELSE. THE SURVEYOR IS THERE TO PROTECT YOUR INTEREST!