This survey inspection is performed so that the insurance company can determine whether or not the yacht is an acceptable risk. They are interested in structural integrity and safety for its intended use. Most insurance companies require a survey, especially on older yachts/boats. They also want to know the yacht's fair market value and replacement value.
Can you be present at the time of the survey?
We at Patton Marine, Inc. welcome all clients to be present.
What is a survey?
A critical and thorough examination/inspection of a yacht/boat for either the insurance, financing bank, pre-purchase, damage, etc. purposes.
Top Questions
What is an insurance survey?
What does this mean to you?
As a potential buyer or as a current owner, it assists you in determining whether the yacht is structurally and operationally in safe and seaworthy condition, whether it is in need of serious repair and in calculating its value for financing and insurance purposes.
